Reliance Jio is earning from one customer in a month
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Reliance Industries has released the fourth quarter results. Geo has made profits of Rs 510 crores in the fourth quarter. Geo has now become the world's largest data company
Within 15 months of starting commercial operations, Reliance Jio Infocomm turned profitable, posting a net profit of Rs 504 crore for the third quarter of the fiscal year. It had posted a net loss of Rs 271 crore in the previous quarter. It clocked a revenue of Rs 6.879 crore, up nearly 12% on quarter.
Jio's rivals are facing tough times. Bharti Airtel's third-quarter net profit plunged 39%, missing estimates and dropping for the seventh straight quarter. Idea Cellular, too, is expected to post a loss as it has been doing for quite some time.
Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 20.6 per cent jump in its consolidated net profit for fiscal 2018 at Rs 36,075 crore as compared to Rs 29,901 crore last year. For the quarter ended March, the oil and gas to telecom major reported a consolidated net profit of Rs 9,435 crore, up 17.3 per cent from Rs 9,423 crore for the quarter ended December 2017.
Reliance Jio, the telecom unit of Reliance Industries, reported a net profit of Rs 510.44 crore for the quarter ended March 31 as compared to Rs 504.38 crore in September quarter. Jio reported a net profit for the year at Rs 723 crore.
Increase in revenue was primarily on account of higher volumes with start-up of petrochemicals projects and uptrend in prices of products in refining and petrochemical businesses, RIL said. RIL's consolidated revenue was also boosted by robust growth in retail and digital services business, it said.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "Everyone at Jio is today proud to have played a pivotal role in transforming the digital landscape of this country and empowering millions of Indians with all the leading digital tools and skills. Jio is offering the "power of data" to each Indian to fulfil every dream and to collectively take India to Global Digital Leadership."
RIL posted a consolidated revenue of Rs 4,30,731 crore, an increase of 30.5 per cent, as compared to Rs 3,30,180 crore in the previous year. For the quarter ended March 31, 2018, RIL posted a revenue of Rs 1,29,120 crore, an increase of 39 per cent as compared to Rs 92,889 crore in the corresponding period of the previous year.
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Hindi me padhne ke liye niche janiye or click karke padhe hindi me,
Reliance Industries has released the fourth quarter results. Geo has made profits of Rs 510 crores in the fourth quarter. Geo has now become the world's largest data company
Within 15 months of starting commercial operations, Reliance Jio Infocomm turned profitable, posting a net profit of Rs 504 crore for the third quarter of the fiscal year. It had posted a net loss of Rs 271 crore in the previous quarter. It clocked a revenue of Rs 6.879 crore, up nearly 12% on quarter.
Jio's rivals are facing tough times. Bharti Airtel's third-quarter net profit plunged 39%, missing estimates and dropping for the seventh straight quarter. Idea Cellular, too, is expected to post a loss as it has been doing for quite some time.
Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 20.6 per cent jump in its consolidated net profit for fiscal 2018 at Rs 36,075 crore as compared to Rs 29,901 crore last year. For the quarter ended March, the oil and gas to telecom major reported a consolidated net profit of Rs 9,435 crore, up 17.3 per cent from Rs 9,423 crore for the quarter ended December 2017.
Reliance Jio, the telecom unit of Reliance Industries, reported a net profit of Rs 510.44 crore for the quarter ended March 31 as compared to Rs 504.38 crore in September quarter. Jio reported a net profit for the year at Rs 723 crore.
Increase in revenue was primarily on account of higher volumes with start-up of petrochemicals projects and uptrend in prices of products in refining and petrochemical businesses, RIL said. RIL's consolidated revenue was also boosted by robust growth in retail and digital services business, it said.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "Everyone at Jio is today proud to have played a pivotal role in transforming the digital landscape of this country and empowering millions of Indians with all the leading digital tools and skills. Jio is offering the "power of data" to each Indian to fulfil every dream and to collectively take India to Global Digital Leadership."
RIL posted a consolidated revenue of Rs 4,30,731 crore, an increase of 30.5 per cent, as compared to Rs 3,30,180 crore in the previous year. For the quarter ended March 31, 2018, RIL posted a revenue of Rs 1,29,120 crore, an increase of 39 per cent as compared to Rs 92,889 crore in the corresponding period of the previous year.
Hindi me padhne ke liye Kare click 👇
Click here to view in hindi
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