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


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

Jio’s income from operations climbed almost 19%. (File)

Bengaluru:

Reliance Jio, the telecom arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter revenue on Friday, because it added extra customers.

Jio, India’s largest telecom service by subscribers, stated internet revenue rose to 46.38 billion rupees ($571.5 million) in three months ended Dec. 31, from 36.15 billion rupees a 12 months in the past.

Its income from operations climbed almost 19% to 229.98 billion rupees. 

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

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