Reliance Jio Q2 Outcomes: Web revenue rises 4% QoQ to Rs 5, 058 crore

Reliance Jio Infocomm, the telecom unit beneath Jio Platforms Restricted (JPL), reported 4% sequential progress in internet revenue for the fiscal second quarter. Web revenue stood at Rs 5, 058 crore for the three months ended September 30, 2023, as in comparison with Rs 4, 863 crore within the prior three months.

Revenue grew 11.9% yr on yr from Rs 4, 518 crore within the September quarter of the earlier fiscal yr.

Income from operations for the quarter grew 3% to Rs 24, 750 crore as in comparison with Rs 24, 042 crore within the first quarter of the present fiscal.
Revenue earlier than tax was Rs 6, 793 crore, up 3.9% from Rs 6, 533 crore within the June quarter.

On-year income progress was 9.9% as in comparison with Rs 22, 521 crore in Q2FY23 and PBT grew 12% over the identical quarter final fiscal (Q2FY23 PBT: Rs 6, 062 crore).

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