Reliance Jio Q1 net profit rises 12.1% to ₹4,863 crore

Reliance Jio Infocomm, the telecom arm of Mukesh Ambani‘s Reliance Industries, reported a 12.2 per cent rise in first-quarter profit on Friday, as its added more subscribers.

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Jio, India’s biggest telecom carrier by subscribers, said net profit climbed to ₹4,863 crore in April-June, from ₹4,335 crore a year ago.

Its revenue from operations rose 9.9 per cent to ₹24,042 crore.

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Published on July 21, 2023