Earnings Growth
Tariff hike, customer addition drive Reliance Jio earnings growth in Jan-Mar
This story was originally published at 23:18 IST on 25 April 2025
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--RJio Jan-Mar net profit INR 66.42 bln vs INR 64.77 bln quarter ago
--RJio Jan-Mar revenue INR 300.18 bln vs INR 293.07 bln quarter ago
--RJio Jan-Mar network operating spend INR 84.06 bln vs INR 83.59 bln qtr ago
--RJio FY25 net profit INR 247.95 bln vs INR 204.66 bln year ago
--RJio FY25 revenue INR 1.141 tln vs INR 1.001 tln year ago
MUMBAI – Benefits from tariff hikes and customer additions in the March quarter helped Reliance Jio Infocomm Ltd. post on-year as well as on-quarter growth in both bottom line and top line. The company posted a 2.6% sequential growth in net profit to INR 66.44 billion and revenue increased 2.4% to INR 300.18 billion. From the year-ago period, the bottom line rose 24.5% and the top line was up nearly 16%.
The company's network operating expenses rose at the same pace as revenue, up 2.4% sequentially to INR 84.06 billion, so was the case with total expenses, which also increased 2.4% to INR 214.37 billion. The company had increased tariffs on mobile phone services in July 2024, following which it had lost some customers for a couple of months, but then had net added subscribers. Reliance Jio Infocomm is India's largest cellular network service provider with a market share of over 40%.
For the financial year ended Mar. 31, Reliance Jio's net profit increased over 21% from the previous year to INR 247.95 billion and revenue rose 14% to INR 1.141 trillion. Its total expenses were up nearly 12% at INR 817.90 billion. The company's parent Reliance Industries Ltd. announced its quarterly results after market hours Friday and ahead of the outcome, its shares closed 0.1% lower at INR 1,300.40 on the National Stock Exchange. End
Reported by Anjana Therese Antony
Edited by Ashish Shirke
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