In the January-March quarter, Reliance Jio Infocomm Ltd witnessed a notable uptick in net profit, reaching Rs 5,337 crore, reflecting a 2.5 percent increase from the previous quarter. This growth was primarily attributed to an expansion in the net subscriber base, as outlined in an exchange filing.
The company's revenues also saw a positive trajectory, climbing 2 percent to reach Rs 25,959 crore. Additionally, Ebitda (earnings before interest, taxes, depreciation, and amortization) experienced a 2.5 percent uptick, reaching Rs 13,612 crore. Notably, the Ebitda margin remained stable at 52.4 percent, compared to the previous quarter's 52.3 percent.
Ahead of the results announcement, Reliance Industries' shares closed 0.77 percent higher on Monday, outperforming the NSE Nifty 50, which registered a gain of 0.86 percent. This upward movement in share price indicates positive investor sentiment leading up to the release of the financial results.
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