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Reliance Jio reports 24% growth in quarterly profit; adds more members

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Reliance Jio’s net profit stood at Rs 4,335 crore for the quarter ended June 30.

Bangalore:

Reliance Jio, the telecom arm of Mukesh Ambani-led Reliance Industries, on Friday reported a 24% rise in quarterly net profit as it added more subscribers.

Jio said in a regulatory filing that the company’s net profit stood at Rs 4,335 crore ($542.57 million) for the quarter ended June 30, compared to Rs 3,501 crore in the same period a year ago.

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