Jio’s December Quarter Profit Rises 28.3% To $571 Million

Jio’s revenue from operations climbed nearly 19%. (File)


Reliance Jio, the telecom arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter profit on Friday, as it added more users.

Jio, India’s biggest telecom carrier by subscribers, said net profit rose to 46.38 billion rupees ($571.5 million) in three months ended Dec. 31, from 36.15 billion rupees a year ago.

Its revenue from operations climbed nearly 19% to 229.98 billion rupees. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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