New Delhi, April 25 -- Reliance Jio, the telecom giant backed by billionaire Mukesh Ambani, on Friday reported a surge in net profit, revenue, and average revenue per user (Arpu) for the January-March quarter, boosted by a flow-through of past tariff increases and subscriber additions, the company said in a statement.
Reliance Jio Infocomm is India's largest telecom operator by market share and a subsidiary of Jio Platforms Ltd, accounting for most of its business. Jio Platforms, which houses Reliance Industries Ltd's telecom and digital services business, reported a 2.3% QoQ growth in its consolidated net profit to Rs.7,022 crore for the March quarter. Consolidated revenue from operations rose 2.8% sequentially to Rs.33,986 crore.
On y...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.