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,...

PTI

Updated At : 06:28 PM Oct 22, 2022 IST

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.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles