Telecom unit, Reliance Jio Infocomm Ltd said December quarter net profit rose 12.3 percent to Rs 5,208 crore as more users chose the company’s mobile phone services. It added 11.2 million users in the December quarter for a total of 470.9 million.
Revenue increased 10.3% YoY to Rs 25,368 crore. Sequentially, the bottomline rose nearly 3% and the topline grew 2.5%. Total expenses for the December quarter increased to Rs 18,518 crore from Rs 16,839 crore a year ago, and 18,063 crore a quarter ago. Network operating expenses rose to Rs 7,706 crore from Rs 7,227 crore a year ago and Rs 7,607 crore a quarter ago.
India Business News: NEW DELHI: Telecom operator Reliance Jio Infocomm on Friday reported an almost 12 per cent year-on-year rise in standalone net profit to Rs 5,058 cror.