JioStar maintains TV leadership, reports 15 per cent rise in Q1 profit

Reliance Industries’ media arm JioStar reported a 14.5 per cent increase in net profit at ₹665 crore, while revenue grew 14 per cent to ₹12,799 crore, led by strong growth in subscription revenue and digital entertainment advertising revenue. The company reported EBITDA of ₹1,049 crore, driven by operating leverage amid robust revenue growth during the quarter ended June. Sequentially, profit grew by 59 per cent and gross revenue increased by 31 per cent. The management highlighted JioStar’s strong performance despite macroeconomic pressures and weakness in the advertising market

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