Reliance Jio Profit

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February 8th, 2018 9:44 PM 40 COMMENTS

Reliance Jio’s Recent Profit Report is Too Good to Believe Says Top Research Firm

Reliance Jio's recent Q3 profit is 'a bit too good to believe' for the analysts at research firm Sanford C. Bernstein. Late last month, the Mukesh Ambani-led Reliance Jio reported its first-ever profit of Rs 504 crore within just 15 months after starting the commercial operations. The telco posted a revenue of Rs 6,879 during the same quarter of the ongoing fiscal. Analysts at Sanford C. Bernstein were surprised by... Read More

January 19th, 2018 7:19 PM 65 COMMENTS

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

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