Reliance Jio’s Net Profit Up 15.5% To Rs 3,489 Crore In The Dec

Reliance Jio’s net profit up 15.5% to Rs 3,489 crore in the December quarter. In the third quarter (October to December 2020) of the current financial year, Reliance Jio’s net profit rose by 15.5 percent to Rs 3,489 crore.

Reliance Industries Limited (RIL), the parent company of Jio Platforms, gave this information on Friday. Jio Platforms, which provides digital and telecom services, had a net profit of Rs 3,020 crore during the July to September quarter.

The company’s revenue stood at Rs 22,858 crore for the October-December 2020 quarter. At the same time, the total number of subscribers of the company as of 31 December 2020 was 41 crore.

The average revenue per user of the company reached Rs 151 during the quarter, compared to Rs 145 in the previous quarter.

Reliance Industries has reported that Jio Platforms’ total revenue grew by 5.3 percent to Rs 22,858 crore during the quarter under review.

On the quarterly results of Jio Platforms, Reliance Industries Chairman and Managing Director Mukesh Ambani said, “India is currently one of the leading countries in the world leading the digital revolution.”

To continue this, Jio will continue to expand its digital platforms and work towards indigenously developing the next generation 5G stack and ensuring its availability everywhere, making it affordable. ”

He said that Jio is determined to make India 2G-free.

Mukesh Ambani, chairman and managing director of RIL said that at a time when the Indian economy is seeing a very strong recovery, Reliance has contributed to it on the back of strong performance in the third quarter of the current financial year.

He said that we have given good results during the quarter with a strong revival in business ranging from Oil to Chemical and Retail category.

Ambani said that he is proud that Reliance has given employment to 50,000 more people since March 2020.

“Coronavirus (Covid-19) epidemics have been greatly affected and economic activity has slowed worldwide and in India. Due to Covid-19, the operations and revenues of the group were impacted during the period under review.