Jio Platforms (JPL) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations was ₹109,558 crore vs ₹98,099 crore; profit for the year was ₹21,423 crore vs ₹19,124 crore.

• Operating cash flow was ₹54,414 crore; investment outflow was ₹56,588 crore, including ₹53,607 crore for property, plant, equipment, spectrum and intangible assets.

Financial highlights

• Total income reached ₹110,175 crore vs ₹98,689 crore; total expenses were ₹81,367 crore vs ₹73,014 crore.

• Profit before tax was ₹28,797 crore vs ₹25,670 crore; total tax expense was ₹7,374 crore vs ₹6,546 crore.

• Basic EPS was ₹23.96 vs ₹21.40; diluted EPS was ₹23.93 vs ₹21.36.

• Total assets were ₹539,580 crore at 31 March 2024 vs ₹493,906 crore a year earlier; equity was ₹279,421 crore.

Outlook and guidance

• Network investment continued, with a 5G network build-out and further capacity additions to existing wireless and wireline networks.