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Enterprise
oi-Vipul Das
Reliance Jio, the telecom large, launched its monetary outcomes for the quarter and yr ending March 31, 2022 on Friday. In March 2022, the agency posted a standalone revenue of Rs 4,173 crore, up 24.20 per cent from Rs 3,360 crore the earlier quarter. The corporate’s Revenue Earlier than Tax (PBT) stayed at Rs 5,592 Cr within the quarter ended March 31, 2022, up 24.32 per cent from the earlier quarter. Reliance Jio’s consolidated Revenue After Tax (PAT) or web revenue for the monetary yr ending March 31, 2022 climbed by 23% to Rs 14,854 crore, in comparison with Rs 12,071 crore in FY21.
From Rs 17,358 crore within the March 2021 quarter, standalone income from operations climbed by greater than 20% to Rs 20,901 crore for the present monetary yr. Whereas, annual income from operations elevated by 10.3% to Rs 77,356 crore, up from Rs 70,127 crore within the earlier quarter. In accordance with the corporate’s assertion, the corporate’s working margin reached 27.5 per cent, up from 25.7 per cent in the identical quarter final yr, and the corporate’s web revenue margin reached 17 per cent, up from 16.4 per cent within the quarter March 2021. In FY22, web money circulate from working operations amounted to Rs 31,287 crore, down 4.03 per cent from Rs 32,604 crore in FY21.
Reliance Jio reported earnings earlier than tax, depreciation, and amortisation (EBITDA) of Rs 10,510 crore, up 10.46 per cent from Rs 9,514 crore in Q3FY22. As compared, the EBITDA margin in Q4FY22 reached 50.3 per cent, up from 49.2 per cent in Q3FY22.
Reliance Industries closed at this time at a market value of Rs 2,620.65, down -20.25 (-0.77%) from the earlier shut of Rs 2,640.90.
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