Reliance Jio Infocomm's net profit surged 12% YoY to Rs 5,445 crore in Q1 FY24, driven by strong revenue growth. The telco's revenue rose 10% to Rs 26,478 crore.
New Delhi, July 19 (PTI) Telecom operator Reliance Jio Infocomm on Friday posted a 12 per cent year-on-year jump in standalone net profit for the June quarter at Rs 5,445 crore.
The revenue from operations for the telco -- the largest of three private players in the market -- rose 10 per cent year-on-year to Rs 26,478 crore in the first quarter of current financial year, according to a BSE fiing.
The net profit stood at Rs 5,445 crore for the quarter under review, which translates into an 11.9 per cent increase year-on-year and a 2 per cent rise sequentially.
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