Reliance JIO’s Q2 net profit increased by 28% year on year to Rs 4,518 crore, with EBITDA margins of 51.01%.
- Reliance Jio reported a net profit of Rs 4,518 crore in the second quarter (Q2) of the Fiscal Year 2022-23 (FY23); the Q2 FY23 net profit figure is a 28% increase from the same quarter last year.
- The net profit reported for the quarter was lower than the Rs 4,619 crore predicted by an ET Now poll.
- The revenue reported by Reliance Industries Ltd (RILtelecom )’s arm was Rs 22,521 crore, compared to an ET Now poll of Rs 22,912 crore.
- EBITDA for the quarter was Rs 11,489 crore, compared to an ET Now poll that predicted Rs 11,623 crore. EBITDA margins were 51.01%, compared to ET Now’s expectation of 50.7%.