Reliance Jio posts Rs 612 crore profit in Q1

July 27, 2018

Mumbai: Reliance Jio, a subsidiary of Reliance Industries Limited (RIL), posted a standalone net profit of Rs 612 crore for the first quarter of 2018-19.

It had posted a standalone net profit of Rs 510 crore for the fourth quarter of 2017-18.

According to the results published on Friday, the standalone revenue from operations of the company stood at Rs 8,109 crore during the quarter under review.

As per the results, subscriber base of Jio as on June 30, 2018 was 215.3 million with an average revenue per user during the quarter at Rs 134.5 per month.

The total wireless data traffic during the quarter was 642 crore GB and total voice traffic 44,871 crore minutes.

“Jio continues on its path to drive digital revolution in India. We doubled our customer base and most user metrics in the last 12 months. 215 million customers within 22 months of start is a record that no technology company has been able to achieve anywhere in the world,” Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries was quoted as saying in a statement.

“Jio has built an ecosystem for digital services and its affordable and simplified pricing strategy offers every Indian a chance to experience the ‘power of data’.”

“FTTH and enterprise services with strong fibre backbone across the country would further establish Jio’s leadership as a digital services provider. The continued strength in financial results of Jio despite competitive intensity reinforces the customer uptake of its services and its strong operating leverage. Jio is committed to offering most value to all of its stakeholders,” Ambani added.
(IANS)

Oppn in UP seeks high-level probe in Mukhtar Ansari’s death

Lucknow: Opposition parties in Uttar Pradesh are demanding a high-level probe into the death of jailed gangster-turned-politician Mukhtar Ansari, who had earlier alleged that he was being given slow poison...

10 killed as cab plunges into deep gorge in J&K

Jammu: At least ten bodies were recovered on Friday from the accident site on Jammu-Srinagar national highway where a cab plunged into a gorge, said officials. Officials said that in...

Russia says proof show link between Moscow attack terrorists, Ukraine

Moscow: Russian Investigative Committee has said that it has found evidence connecting terrorists from the Crocus City Hall attack in suburban Moscow with "Ukrainian nationalists". "After working with detained terrorists,...

Centre issues advisory against mobile calls impersonating DoT

New Delhi: The Department of Telecommunications (DoT) on Friday issued an advisory to citizens about calls impersonating DoT, threatening people to disconnect mobile numbers. Calls are being received by the...

Mumbai doctors save micro-preemie baby born at 23 weeks weighing 620 grams

Mumbai: In a rare case, doctors here have given a new lease of life to a micro-preemie baby girl born at 23 weeks, weighing just 620 grams. Micro-preemies are babies...

Pak PM Shehbaz Sharif to meet Chief Justice over ‘interference’ in judicial affairs by intelligence agencies

Islamabad: Pakistan's Prime Minister Shehbaz Sharif has stepped into become a mediating partner between the judiciary and the powerful military establishment to avert a possible disastrous confrontation between the two....

CM not above law, says ED as Kejriwal questions rationale behind his arrest

New Delhi: The Enforcement Directorate on Thursday said a chief minister was not above law even as Arvind Kejriwal questioned the rationale behind his arrest in the liquor policy case....

Jitan Manjhi files nomination as NDA candidate from Gaya

Patna March : Hindustani Awam Morcha-Secular (HAM-S) founder Jitan Ram Manjhi filed his nomination for the upcoming Lok Sabha elections from Gaya as the NDA nominee on Thursday. Voting for...

AAP accuses BJP of ‘poaching’ MP, MLA in Punjab

New Delhi: AAP leader and Delhi Minister Saurabh Bharadwaj on Thursday alleged that BJP has poached their party's MP Sushil Kumar Rinku and MLA Sheetal Angural, and that "numerous MLAs...

Meghalaya CM thanks PM Modi for not fielding BJP candidates

Shillong: Meghalaya Chief Minister Conrad Sangma has thanked Prime Minister Narendra Modi for not fielding BJP candidates in two parliamentary seats in the state. The Chief Minister has been campaigning...

US State Dept staffer resigns over Washington’s Gaza policy

Washington: A US State Department staffer responsible for promoting human rights in regions including Gaza has resigned in protest of the continued delivery of weapons from the US to Israel....

SP changes Moradabad candidate, drops sitting MP

Moradabad (UP): The Samajwadi Party has cancelled the candidature of its sitting MP, S T Hasan, and has named Ruchi Veera as its candidate for the Moradabad Lok Sabha seat....

Read Previous

World– US economic growth hits fastest rate since 2014, Trump rejoices

Read Next

36 cows found dead in Delhi, government orders probe

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com