Jio net profit surges 62.5 per cent in Dec quarter

Reliance Jio on Friday posted a 62.5 per cent jump in its standalone net profit at Rs 1,350 crore for the October-December quarter of FY 2019-20.

migrator

Updated:18th Jan, 2020 at 2:26 AM

New Delhi

The telecom arm of Reliance Industries, Jio had posted a net profit of Rs 831 crore in the corresponding quarter a year ago. The company recorded an increase of 28.3 per cent in its operating revenue at Rs 13,968 crore as compared to Rs 10,884 crore in the year-ago period.

“Jio has continued on its unprecedented growth journey receiving overwhelming customer response for best in class mobile connectivity services. Jio is also determined to redefine the wireline infrastructure, home entertainment and enterprise market in India with its FTTx services which bundle best-in-class connectivity with bouquet of digital content and services,” RIL CMD Mukesh Ambani said.

Jio net profit surges 62.5 per cent in Dec quarter

Reliance Jio on Friday posted a 62.5 per cent jump in its standalone net profit at Rs 1,350 crore for the October-December quarter of FY 2019-20.

Also Read

TN byelections: Polling begins, people line up enthusiastically to cast votes

How Periya Eri fountain lured 4 kids to their death

In search of Cupid, men conned in crores

195 VAMBAY families to move into new TNUHDB homes

DMK can sue TVK ministers over Veeramani remarks, says Madras High court