Reliance Jio Posts First-Ever Profit of Rs 504 Crore, Revenue Up 12%
Mukesh Ambani-led Reliance Jio has reported its first-ever profit within 15 months of the start of commercial operations at Rs 504 crore for the third quarter versus Rs 271 crore loss in the second quarter of the ongoing fiscal. The telco posted a revenue of Rs 6,879 crore, up nearly 12% on quarter from Rs 6,147 crore in the previous quarter. EBITDA stood at Rs 2,628 crore, up 82.1% sequentially.... Read More