Billionaire Mukesh Ambani’s Reliance Industries reported strong financial and operational results from its media and entertainment unit JioStar for the quarter ended June 30, powered by unprecedented digital and television viewership during the Indian Premier League (IPL) cricket tournament.
India’s financial year runs from April to March, making this the company’s first fiscal quarter for FY2025–26.
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JioStar posted revenues of INR11,222 crore ($1.3 billion), up from INR11,032 crore ($1.28 billion) in the previous period. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to INR1,017 crore ($118.1 million), up from INR774 crore ($89.9 million), with margins improving to 10.6% from 8.1%.
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