Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4

At the net profit level, aided by lower interest costs, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period.

Reliance Jio, the digital services subsidiary of Reliance Industries, reported a 127 per cent jump in profit before tax (PBT) to Rs 2,931 crore in the quarter ended March of financial year 2019-20 (Q4FY20). On a sequential basis, PBT was up 73 per cent.
 

The jump in PBT was driven by robust top line growth and lower interest costs. The company had reported a pre-tax profit of Rs 1,291 crore in the year-ago period. At the net profit level, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period thanks