Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Times of India
The Times of India

Reliance Jio Q2 net profit rises 28% to Rs 4,518 crore

NEW DELHI: Reliance Jio Infocomm, the digital arm of Mukesh Ambani's Reliance Industries on Friday posted a 28% rise in its consolidated net profit for the second quarter ending September 30.

The company reported a net profit of Rs 4,518 crore for the period under consideration, as against a net profit of Rs 3,528 crore in the year-ago period.

In a regulatory filing to the bourses, Jio said its revenue from operations jumped 20.2% to Rs 22,521 crore for Q2, from Rs 18,735 crore in the same period last year.

The Q2 scorecard comes amid large-scale network deployments across the country for 5G services, the much-talked about next-generation technology that promises to ring in a new era of turbocharged speeds, lag-free connectivity, and new-age applications in India, the world's second-biggest smartphone market after China.

Earlier this month, Jio announced it will start the beta trial of its 5G services in four cities of Delhi, Mumbai, Kolkata and Varanasi from October 5 with a select set of customers.

(With inputs from PTI)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.