The unaudited individual financial statements of Reliance Jio Infocomm Limited (Jio), a division of Reliance Industries Limited, for the quarter and nine months ending December 31, 2024, have been released. With consistent increases in income and profits, the corporation reported significant financial growth.

Jio's operating revenue for the quarter that concluded on December 31, 2024, was Rs29,307 crore, up 3.4% from Rs28,338 crore the quarter before. With a net profit of Rs6,477 crore, the company increased its earnings by 4% over Q2 FY2024's Rs6,231 crore. Basic earnings per share rose from Rs1.38 to Rs1.44 during the preceding quarter.

The quarter's total expenses came to Rs20, 929 crore, which was somewhat more than the previous quarter's total of Rs20, 158 crore. This was mostly because of higher network operating costs (Rs8,359 crore) and license fees/spectrum charges (Rs2,681 crore).

With depreciation and amortization charges of Rs5,832 crore and finance costs of Rs1,268 crore, the company also recorded noteworthy operating efficiency, reflecting its continuous investments in spectrum acquisition and network infrastructure.

The quarter's total comprehensive income was Rs6,698 crore, which included Rs221 crore in other comprehensive income. Reliance Jio is still in a strong financial position as of December 31, 2024. In the previous quarter, the company's net value was Rs2, 48,079 crore; it now stands at Rs2, 54,776 crore.

With a debenture redemption reserve of Rs500 crore, the total amount of paid-up debt capital was Rs67,793 crore. Because of its excellent financial results and customer-focused efforts, Reliance Jio is still the industry leader in the Indian telecom market.