-However, on a sequential basis, the company posted a rise in net profit of 14.78% from Rs 15,512 crore
-On a sequential basis, the net profit of Reliance Jio was up by 2.65%, from Rs 4,518 crore in September 2022
Mumbai, NFAPost: Reliance Industries posted a decline of 13.3% in its net profit in Q3FY23 to Rs 17,806 crore from Rs 20,539 crore year-on-year (YoY), the company said in a BSE filing.
However, on sequential basis, the company posted a rise in net profit of 14.78% from Rs 15,512 crore.
Revenue from operations was up by 15.32% to Rs 2,20,592 crore from Rs 1,91,271 crore YoY, the company filing said. However, on quarter-on-quarter basis, the revenue from operations declined by 5.26%, from Rs 2,36,377 crore.
Reliance Jio Q3 net jumps 28.29%, revenue from ops rise 18%
Telecom major Reliance Jio posted a net profit of Rs 4,638 crore in Q3FY23 against Rs 3,615 crore, year-on-year (YoY), a jump of 28.29%.
On a sequential basis, the net profit was up by 2.65 per cent, from Rs 4,518 crore in September 2022.
Jio’s revenue from operations inflated to Rs 22,998 crore in December quarter from Rs 19,347 YoY, a rise of 18.87%.
On quarter-on-quarter basis, the revenue was up 2.11%, from Rs 22,521 crore.
The company’s profit before tax (PAT) was reported at Rs 6,222 crore in Q3, up by Rs 1,375 crore, from Rs 4,847 crore, a jump of 28.36%.