Jio Q2 net profit up 28% to Rs 4,518 cr
New Delhi, October 21
Reliance Jio Infocomm on Friday posted a 28% year-on-year rise in its net profit for the September quarter at Rs 4,518 crore. Its net profit stood at Rs 3,528 crore in the same period previous fiscal, the telco said in a regulatory filing.
The revenue from operations jumped 20.2% to Rs 22,521 crore for the just-ended quarter, from Rs 18,735 crore in the year-ago period.
The Q2 scorecard comes amid large-scale network deployments across the country for 5G services that promise to ring in a new era of turbocharged speeds, lag-free connectivity, and new-age applications in India, the world’s second-biggest smartphone market after China.
Earlier this month, Jio announced it will start the beta trial of its 5G services in four cities of Delhi, Mumbai, Kolkata and Varanasi from October 5 with a select set of customers.
