Jio Infocomm net up 13% at Rs 5337 cr in Q4

Mumbai, Apr 22 (UNI) Riding on consistent growth in its subscriber base, Jio Infocomm, the telecom arm of Reliance Industries on Monday reported 13 per cent jump in net profit at Rs 5337 crore in the fourth quarter of FY24 compared to Rs 4716 crore in the same quarter in 2022-23 fiscal year.

The net profit for the full year 2023-24 stands at Rs 20466 crore compared to Rs 18207 crore in 2022-23.

The Company is mainly engaged in the business of providing Digital Services and is setting up 5G network and continues to augment its existing wireless and wireleine network capacity through out the country.

Jio’s revenue from operations registered a growth of 11 per cent at Rs 25959 crore in the Q4 of 2023-24 compared to Rs 23394 crore in the same quarter in the previous financial year.

The company will reveal its Average Revenue Per User (ARPU) and other details about subscriber base in the consolidated result of its parent company Reliance Industries Limited.

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