Thursday, August 11, 2022
BusinessReliance Jio Q1 Results 2022: Profits up 24% year-on-year to Rs 4,335...

Reliance Jio Q1 Results 2022: Profits up 24% year-on-year to Rs 4,335 crore, income up 21.6%

The company's consolidated income stood at Rs 21,873 crore in the first quarter as against Rs 20,901 crore in the fourth quarter of FY 2021-22.

Reliance Jio Q1 Results: Reliance Jio Infocomm, a subsidiary of Reliance Industries’ Jio Platforms, has today released its results for the first quarter of FY 2022-23 ended June 30, 2022. The company’s consolidated profit during this period stood at Rs 4,335 crore, as against Rs 4,173 crore in the fourth quarter of FY 2021-22.

Whereas in the first quarter of the financial year 2021-22, it stood at Rs 3,501 crore. In this way, in the first quarter of the financial year 2022-23, the company’s profit has grown by 3.9 percent on a quarterly basis. At the same time, it has seen an increase of 23.8 percent on a yearly basis.

Similarly, the company’s consolidated income stood at Rs 21,873 crore in the first quarter as against Rs 20,901 crore in the fourth quarter of FY 2021-22. Whereas in the first quarter of the financial year 2021-22, the company’s income stood at Rs 17,994 crore.

The growth in the company’s earnings in Q1 has been contributed by the increase in ARPU and subscriber base. The company’s consolidated EBITDA stood at Rs 10,964 crore in the first quarter of FY 2022-23 as against Rs 10,510 crore in the fourth quarter of FY 2021-22.

The company’s EBITDA margin stood at 50.13 per cent in the June quarter of FY 2022-23 as against 50.3 per cent in the fourth quarter of FY 2021-22.

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Updated on August 11, 2022 5:05 pm