Reliance Jio Infocomm Limited has declared the results of the fourth quarter (January-March) of the financial year 2023-24 today i.e. Monday (April 22). The company’s net profit in Q4FY24 increased by 13% year-on-year (YoY) to Rs 5,337 crore. The company had registered a net profit of Rs 4,716 crore in the same quarter last year. Whereas in the last quarter i.e. Q3FY24, the net profit of the company was Rs 5,208 crore. Jio’s net profit has increased by 2.5% on quarterly basis. Revenue increased by 11% to Rs 25,959 crore. The company’s revenue from operations in Q4 increased by 11% to Rs 25,959 crore on an annual (YoY) basis. It was Rs 23,394 crore in the same period of the last financial year. Whereas in the last quarter the company’s revenue was Rs 25,368 crore. Accordingly, the company’s revenue in Q4 has increased by 2.3% on a quarterly basis. EBITDA increased by 11% to Rs 13,612 crore. Jio Infocom’s operating profit (EBITDA) increased by 11% on an annual (YoY) basis to Rs 13,612 crore in the March quarter. This is 2.5% more than the operating profit of Rs 13,277 crore in the previous quarter. Jio’s EBITDA margin rose 10bps to 52.4% in the March quarter. In the last quarter, the company’s EBITDA margin was 52.3%.
