The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    Reliance Jio Q3 profit surges 62% to Rs 1,350 crore; Arpu falls to Rs 128.4

    Synopsis

    Total capitalisation of Jio Platforms stood at Rs 1,70,000 crore, Reliance said in a regulatory filing.

    RIL Jio Q3 profit surges 62% to Rs 1,350 cr

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    Explore Now
    NEW DELHI: Reliance Industries’ telecom unit Jio on Friday posted a 62.45 per cent yearly rise in profit at Rs 1,350 crore for the December quarter. Average revenue per user (Arpu) fell to Rs 128.40 from Rs 130 in the December quarter of 2018.

    The company’s Ebitda increased 38.20 per cent to Rs 5,601 crore during the period under review.

    Total capitalisation of Jio Platforms stood at Rs 1,70,000 crore, Reliance said in a regulatory filing.

    Mukesh Ambani, Chairman and Managing Director, said: “To drive the next leg of growth, a truly transformational and disruptive digital services company has been set-up, which will bring together India’s No.1 connectivity platform, leading digital app ecosystem and world’s best tech capabilities, for creating a truly Digital Society for each Indian.”

    1

    Jio’s parent Reliance Industries beat Street estimates in December quarter earnings, as it posted 13.55 per cent year-on-year (YoY) rise in profit at Rs 11,640 crore on robust growth in telecom and retail verticals.
    Join the 4th edition of ETMarkets Global Summit 2021 from 20-22 January and brainstorm with thought leaders of the financial world. Click here to register now!

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    1 Comment on this Story

    realdeshbhakt 368 days ago
    jai ho modiji and supreme court ki
    Read before you invest. Insights on Reliance Industries Ltd.. Explore Now
    The Economic Times