01-01-1970 12:00 AM | Source: Accord Fintech
India`s Reliance Jio posts 12% rise in Q1 profit
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Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries, reported a 12.2% rise in first-quarter profit on Friday, as its added more subscribers.
Jio, India's biggest telecom carrier by subscribers, said net profit climbed to 48.63 billion rupees ($593.2 million) in April-June, from 43.35 billion rupees a year ago.
Its revenue from operations rose 9.9% to 240.42 billion rupees. ($1 = 81.9772 Indian rupees)
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