Reliance Jio Q3 Profit Rises 12.3% to Rs 5,208 Crore
Reliance Jio Q3 Profit Rises 12.3% to Rs 5,208 Crore
Reliance Jio's revenue from operations rose 10.3 percent to Rs 25,368 crore. The company added 11.2 million users in the December quarter for a total of 470.9 million.

Reliance Jio Infocomm Ltd, the telecom and digital services unit of India’s most valuable company, said fiscal third-quarter net profit rose 12.3 percent from a year earlier to Rs 5,208 crore, driven by strong subscriber additions.

Revenue from operations rose 10.3 percent to Rs 25,368 crore. The company added 11.2 million users in the December quarter for a total of 470.9 million.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 12 percent in the three months ended December 31.

Total data traffic on Jio Network increased 32 percent to 38.1 exabytes during the December quarter.

(This is a developing story. Please check back for more.)

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