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Informist, Friday, Jul 19, 2024

 

--RJio Apr-Jun net profit 54.45 bln rupees 

--RJio Apr-Jun revenue 264.78 bln rupees 

--RJio Apr-Jun net profit 54.45 bln rupees vs 53.37 bln qtr ago 

--RJio Apr-Jun revenue 264.78 bln rupees vs 259.59 bln qtr ago 

--RJio Apr-Jun network operating expenses 79.23 bln rupees 

--CONTEXT: RJio Jan-Mar network operating expense 78.66 bln rupees 

 

NEW DELHI – Reliance Jio Infocomm Ltd reported a sequential increase of 2.0% in its net profit for the quarter ended June to 54.45 bln rupees, while its revenue for the same period also rose by 2.0% to 264.78 bln rupees.

 

All key expenses for Reliance Jio, such as network operating costs and licence fees, increased on a sequential basis for Apr-Jun, barring other expenses. Reliance Jio's network operating cost for the reporting quarter was 79.23 bln rupees, higher than 78.66 bln rupees in Jan-Mar. The company, which is owned by Reliance Industries Ltd, paid out 24.33 bln rupees by way of licence fees, higher than the 23.89 bln rupees in the March quarter. 

 

Reliance Jio Infocomm's depreciation and amortisation costs rose slightly during the June quarter to 56.07 bln rupees, against 55.66 bln rupees in Jan-Mar. Overall expenses during the quarter amounted to 192.66 bln rupees, against 189.17 bln rupees in Jan-Mar. 

 

The company's net profit for the June quarter rose 12% on year, while the topline grew 10% from the same period last year. Additionally, the company's operating margin during Apr-Jun rose slightly to 26.7% from 26.3% in the previous quarter. In the year-ago period, the operating margin was 26.2%. 

 

Investors will be monitoring more operational updates about Reliance Jio Infocomm from Reliance Industries' full financial results, expected later in the evening, especially for details about other key metrics such as the average revenue per user and user base. 

 

Today, Reliance Jio Infocomm's parent Reliance Industries' shares closed nearly 2% lower at 3,110.30 rupees on the National Stock Exchange. Reliance Jio Infocomm's earnings were declared after market hours.  End

 

Reported by Sayantan Sarkar

Edited by Deepshikha Bhardwaj

 

 

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