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Q1 results: Reliance Jio net profit rises 45% to Rs 3,651 crore

Adds 14.4 mllion users in quarter, taking total to 440.6 million

reliance jio, RIL
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Churn reduced further during the quarter to 0.95 per cent on the back of customer focused initiatives

Aneesh Phadnis Mumbai
Reliance Jio Platform’s net profit rose 44.9 per cent to Rs 3,651 crore in the first quarter of financial year 2021-22 (Q1FY22) on a year-on-year (YoY) basis, driven by growth in subscribers and an increase in data consumption.

In the corresponding quarter last year, the company had posted a net profit of Rs 2,519 crore. Revenue from operations grew 9.8 per cent YoY to Rs 18,952 crore, while earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 21.3 per cent to Rs 8,892 crore. On a sequential basis, however, this represented a tepid show, with 4 per cent and 3.6

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First Published: Jul 23 2021 | 10:55 PM IST

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