Telecom major Reliance Jio reported a strong set of Q4 earnings, beating street estimates. The company’s net profit for the quarter came in at Rs 5,337 crore against Rs 5,208 crore posted in the previous quarter and Rs 4,716 crore posted in the same period last year.
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Reliance Jio’s Q4 revenue stood at Rs 25,959 crore against Rs 25,368 crore in the previous quarter and Rs 23,394 crore in the same period last year. The company’s margins too improved both on a QoQ and a YoY basis, coming in at 52.4% against 52.3% QoQ and 52.2% YoY.
