Reliance Jio Net Profit At Rs 891 Crore In June Quarter

INSUBCONTINENT EXCLUSIVE:
Reliance Jio Infocomm's net profit in June quarter rose 45.6 per cent to Rs 891 crore from Rs 612 crore during the same quarter last year,
the company said in a statement
Revenue of the telecom arm of Reliance Industries came in at Rs
metric of profitability for telecom companies, came in at Rs 122
has continued to surpass all expectations
In less than two years of commercial operations, Jio network carried almost 11 Exabytes of data traffic during the recently concluded fiscal
quarter," said Mukesh Ambani, chairman and managing director, Reliance Industries Limited.Earlier in the day, Reliance Jio pipped rival
Bharti Airtel to become India's second-largest operator by subscribers as of May, government data showed.Meanwhile, Reliance Industries
reported a net profit of Rs
10,104 crore for the quarter ended June 30, 2019
That marked a 6.8 per cent increase compared to its net profit of Rs
9,459 crore in the same period last year.Get Breaking news, live coverage, and Latest News from India and around the world on
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