Mukesh Ambani, owner of the country’s largest private telecom company, released the second quarter results of Reliance Jio Infocomm on Friday. The company has seen a bumper increase in profits in the second quarter. Compared to last year, Reliance Jio’s profit has increased by 12 percent in the same quarter. Whereas compared to the first quarter this increase has been seen at 4 percent. According to the data, the company’s profit has crossed the level of Rs 5 thousand crore in the second quarter. Let us also tell you what kind of results have been released by the company.
12 percent increase in profit
The profit of Mukesh Ambani’s telecom company Reliance Jio Infocomm has increased by about 12 percent to Rs 5,058 crore in the second (July-September) quarter of the current financial year 2023-24. In the information given to the stock market, Reliance Jio Infocomm said that the net profit of the company in the second quarter of the last financial year was Rs 4,518 crore. If compared with the first quarter, the company’s profit has increased by 4 percent. The company’s profit in the first quarter was Rs 4,863 crore.
Nearly 10 percent increase in revenue
On the other hand, Reliance Jio Infocomm’s revenue has seen an increase of about 10 percent. In the second quarter, the company’s revenue has increased by 9.8 percent to Rs 24,750 crore. Whereas in the same quarter last year, the company’s revenue was Rs 22,521 crore. If compared with the first quarter of the current financial year, an increase of 3 percent has been seen in the second quarter. The company’s revenue in the first quarter was Rs 24,042 crore.
increase in this also
If we talk about the operating margin of the company, it has increased by 0.10 percent in the second quarter of the current financial year and has become 26.4 percent. An increase of 0.40 percent has been seen in the profit margin of the company. At present it has now increased to 17.40 percent. There was no change in the company’s EBITDA in the second quarter and it remained only 52.3 percent. In the second quarter of the financial year, the company’s EBITDA has seen an increase of about Rs 400 crore as compared to the first quarter.
Source: www.tv9hindi.com
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