Jio increase there profit Q1 12% RS 5,698 crore Jio Platforms Ltd, the digital services unit of India’s largest conglomerate and parent of Reliance Jio Infocomm Ltd, reported an 11.7% increase in quarterly profit to Rs 5,698 crore from a year earlier. Join us with how The company’s revenue from operations rose 12.8 percent to Rs 29,449 crore in the June quarter from Rs 26,115 crore a year earlier, driven by strong subscriber gains across mobility and home services. EBITDA increased 11.6 percent to Rs 14,638 crore in the June quarter from Rs 13,116 crore a year ago. Finance costs increased 13.5% to Rs 1,115 crore due to higher leverage. Reliance Jio Infocomm, India’s largest telecom operator by users, reported a quarterly profit of Rs 5,445 crore, up 12 percent from Rs 4,863 crore in the same quarter a year ago. Am Jio’s ARPU rose 0.7 per cent to Rs 181.7 from a year earlier, boosted by a favourable subscriber mix but partially offset by the r...
