Reliance Jio reports 24% jump in March-quarter profit

Reliance Jio’s net profit rose to Rs 4,173 crore for the quarter ended March 31, 2022.

New Delhi:

Reliance Jio on Friday reported a nearly 24 per cent rise in standalone profit after tax to Rs 4,173 crore for the quarter ended March 2022.

The company had reported profit after tax (PAT) of Rs 3,360 crore in the same period a year ago, the company said in a filing.

Standalone revenue from operations grew 20 per cent to Rs 20,901 crore from Rs 17,358 crore in the March 2021 quarter.

For the financial year ended March 31, 2022, the consolidated PAT of Reliance Jio grew by nearly 23 per cent to Rs 14,854 crore as compared to Rs 12,071 crore in FY21.

Annual revenue from operations grew by about 10.3 per cent to Rs 77,356 crore in 2021-22 from Rs 70,127 crore a year ago.