Reliance Jio Q3 Results, Net profit rose 28% & Revenue 18.9%

Reliance Jio reported Q3 numbers on January 20, 2023. Net profit down 86% YoY missed the street estimates.

Reliance Jio reported Revenue from operations of Rs. 22,998 crores rose 18.9% YoY, lower than ET Now poll of Rs 23,362 crores. It was Rs. 19,347 crores in Q3 last year.

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But Reliance Jio reported Revenue down 13.3% QoQ.

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Reliance Jio reported a Net profit of Rs. 4,638 crores up 28.28% YoY. It was Rs.3,615 crores in Q3 last year.

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Reliance Jio reported EBITDA of Rs. 12,009 crores up 4.52% QoQ.

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Reliance Jio reported EBITDA margin was at 52.2% up by 120bps QoQ.

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Reliance Jio reported Operating margin up to 26.6% by 50bps YoY and 30bps QoQ.

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