Reliance Jio Q4 results: On Monday, Reliance Jio Infocomm announced a 13.17% increase in its fourth-quarter profit for FY24, attributed to continuous growth in subscriber numbers. Jio operates as the telecom arm of Reliance Industries Ltd (RIL).
The telecommunications provider reported that its net profit rose to Rs 5,337 crore in the January-March quarter, up from Rs 4,716 crore in the corresponding period last year.
The company’s revenue from operations saw a growth of approximately 11%, reaching Rs 25,959 crore in Q4 FY24, whereas its total expenses expanded by 10.2%.
As of March 31, 2024, the company’s total assets amounted to Rs 4,87,405 crore, compared to Rs 4,45,772 crore in the corresponding period of the previous year.
Reliance Jio Q4 results
The net profit margin increased to 17.5% in Q4 FY24, up from 17.1% in the same period last year.
Jio stated that it is in the process of establishing a 5G network and is also enhancing the capacity of its current wireless and wireline networks.
Later in the day, the company will reveal its average revenue per user (ARPU), a crucial performance indicator for telecom firms, as well as subscriber additions, in conjunction with the results of its parent company, RIL.
Prabhudas Lilladher mentions that for Reliance’s standalone segment, refining margins are anticipated to see improvement, although the petrochemical segment is expected to face continued pressure. They forecast a 2% quarter-on-quarter growth in subscribers for Jio, with average revenue per user (ARPU) remaining steady at Rs 182 per month. Additionally, they expect the retail segment to sustain its strong performance.
In 2024, RIL shares have surged by 14.39%, surpassing the BSE Sensex, which has seen a modest increase of 1.90%. Meanwhile, the BSE oil & gas index has surged by 23% during this timeframe.
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