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Jio Q2 Results: Profit up 28 percent to Rs 4518 crore, income up 20 percent

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Income from business grew 20.2 per cent to Rs 22,521 crore in the quarter from Rs 18,735 crore in the year-ago period.

Jio profit up 28 percent

Reliance Jio Infocomm has released its second quarter results. Jio’s net profit grew 28 percent year-on-year to Rs 4,518 crore in the July-September quarter of the current financial year. The telecom company told the stock exchange that its net profit was Rs 3,528 crore in the same period of the last financial year. Income from business grew 20.2 per cent to Rs 22,521 crore in the quarter from Rs 18,735 crore in the year-ago period. According to ET, the company’s earnings and profit figures have been below market expectations.

How are the other figures

There has been a slight improvement in the operating margin of the company in the quarter. And the margin has increased from 26.2 percent to 26.3 percent. At the same time, there has been a limited improvement in Net Profit Margin and it has increased from 16.9 percent to 17 percent as compared to last year. At the same time, the EPS has increased from Rs 0.78 to Rs 1.01 during the quarter. The debt equity ratio of the company has increased to 0.18 during the quarter. Jio’s EBITDA margin has increased by 90 basis points to 51 percent as compared to the previous quarter.

The company is preparing to launch 5G services on a large scale

The results of the second quarter of the current financial year have come at a time when the company is preparing to launch 5G services on a large scale across the country. Jio said earlier this month that it would start testing its 5G services with select customers in Delhi, Mumbai, Kolkata and Varanasi from October 5.

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