Jio said net profit rose to Rs 4,716 crore in the three months ended March 31, from Rs 4,173 crore a year ago
New Delhi, NFAPost: Reliance Jio Infocomm Ltd, the telecom arm of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, reported a 13% rise in fourth-quarter profit on Friday, led by the sustained growth in its user base.
Jio, India’s biggest telecom carrier by subscribers, said net profit rose to Rs 4,716 crore ($574.8 million) in the three months ended March 31, from Rs 4,173 crore a year ago.
Its revenue from operations climbed 11.9% to Rs 23,394 crore.
