Reliance Jio Q1 Results: Reliance Jio Q1 Results: Profit rises 24% YoY to Rs 4,335 crore, meets estimates

Jio’s June quarter profit jumped 23.82 per cent YoY to Rs 4,335 crore, in line with what the market had expected. The telecom operator’s Q1 revenue grew by 21.55 per cent to Rs 21,873 crore against Rs 17,994 crore reported in the June quarter of the last financial year.

An ET NOW poll had estimated PAT at Rs 4,460 crore and revenue at Rs 21,808 crore.

Reliance Jio Infocomm’s operating margin improved 20 basis points YoY to 26.2 per cent, while the net profit margin also recorded an improvement of 40 bps to 16.9 per cent. Jio’s revenue, PAT and margins were in line with Street expectations.