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Jio Likely to See Steady Growth in Q4
Mint Mumbai
|April 25, 2025
Reliance Jio Infocomm Ltd, India's largest telecom operator by market share, is expected to report a steady performance in the March quarter, driven by subscriber additions and the lingering impact of the July 2024 tariff hike, according to analysts.
The telecom operator, along with its parent Reliance Industries Ltd, will announce its fourth-quarter results for 2024-25 on Friday.
Jio's standalone revenue is expected to grow 2% sequentially and 15% annually to ₹29,900 crore, the average of five brokerage estimates. This compares to the tariff-hike-led 3.4% sequential growth in the December quarter.
The company's net profit could grow 2.3% on-quarter and 24% on-year to about ₹6,600 crore, per the average of four brokerage estimates.
This story is from the April 25, 2025 edition of Mint Mumbai.
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