The shares of Reliance Industries faced a challenging day on Friday in the stock market, as it closed at Rs 2,555, down by 64.85 points or 2.48 per cent from the previous day's closing. The share price movement ahead of the quarterly results indicated that investors were cautious and possibly anticipating the financial performance., Companies News, Times Now
Reliance Jio Q1 Results 2024: Reliance Jio’s consolidated revenue from operations came in at Rs 23,394 crore, less than ET NOW’s projection of Rs 24,030 crore. During the last quarter, the company reported a 13 per cent jump in its net profit to Rs 4,716 crore for the January-March quarter of FY23., Markets News, Times Now
Jio’s customer base shrunk by almost 11 million to end the quarter at 410.2 million. Gross revenue for Jio Platforms, was, however, up by 21 per cent at Rs 26,139 crore, while EBITDA increased by 27.4 per cent.