Reliance Jio Q1 Results: Reliance Jio Infocomm has released its results for the first quarter of FY 2024-25. In the quarter ended June 2024, the company has registered an increase of 2.02 percent in its standalone net profit. This increased it to Rs 5,445 crore. In the last quarter of the last financial year, it was Rs 5,337 crore. The revenue from operations of this telecom company of Mukesh Ambani’s Reliance Group increased by 2 percent to Rs 26,478 crore in the first quarter. In the fourth quarter of the last financial year, it was Rs 25,959 crore. On Friday, the stock of Reliance Industries closed at Rs 3,109.50 with a decline of 1.92 percent.
12% jump in profit
On an annual basis, Reliance Jio’s standalone net profit increased by 12% in the first quarter. It was Rs 4,863 crore in the same quarter of the last financial year. The company’s revenue also increased by 10.1 percent on an annual basis. It was Rs 24,042 crore in the same quarter a year ago.
Operating margin increased to 26.7%
The company’s operating margin increased to 26.7 percent in the first quarter. It was 26.2 percent in the same quarter a year ago and 26.3 percent in the previous quarter. The total expenses of this telecom company increased by 1.84 percent to Rs 19,266 crore. These expenses were Rs 18,917 crore in the previous quarter. At the same time, it was Rs 17,594 crore in the same quarter a year ago. The company’s licensing and spectrum cost increased by 10.4 percent to Rs 2,433 crore. This was Rs 2,204 crore in the same quarter a year ago. At the same time, it was Rs 2,389 crore in the previous quarter.
