Jul 19, 2024 05:57 PM IST
Reliance Jio Infocomm Q1: The net profit stood at ₹5,445 crore for the quarter under review, which translates into an 11.9 per cent increase year-on-year.
Reliance Jio Infocomm Ltd has announced its first quarter earnings for the financial year 2024-25 on July 19.
What was Reliance Jio Infocomm’s net profit and revenue?
The telecom conglomerate posted a standalone net profit of ₹5,445 crore, a 11.96% growth, which adds up to an increase of ₹582 crore, compared to the first quarter of the financial year 2023-24.
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Jio saw a standalone revenue of ₹26,478 crore, a 10.13% rise or an increase of ₹2,436 crore compared to the same quarter of the previous year’s ₹24,042 crore.
How much were the expenses of Reliance Jio Infocomm ?
However, the company’s expenses also grew by 9.5%, which is an increase of ₹1,672 crore from ₹17,594 crore during the previous year’s first quarter to ₹19,266 crore for this year’s first quarter.
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The company’s expenses were mostly driven by depreciation and amortization expenses as well as higher network operating expenses.
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