Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
1-min read

Reliance Jio Q2 Net Profit up by 45.4 Percent at Rs 990 Crore

The operating revenue of the company increased by 33.7 percent to Rs 12,354 crore during the reported quarter from Rs 9,240 crore in the corresponding quarter of 2018-19.

PTI

Updated:October 18, 2019, 7:21 PM IST
facebookTwitter Pocket whatsapp
Reliance Jio, Happy New Year 2018, 2018 Jio Prepaid Plans
Jio Tops 4G Download Speed Chart; Idea Leads in Upload Speed in August (Image: TV Grab/ CNN-News18)

New Delhi: Telecom operator Reliance Jio on Friday posted a 45.4 percent jump in its net profit to Rs 990 crore on a standalone basis in the July-September quarter of 2019-20 on account of growth in subscriber base.

The company had posted a net profit of Rs 681 crore in the same quarter a year ago.

The operating revenue of the company increased by 33.7 per cent to Rs 12,354 crore during the reported quarter from Rs 9,240 crore in the corresponding quarter of 2018-19.

"Jio crossed the 350 million subscriber mark to remain the world's fastest growing digital services company, and we are still adding more than 10 million new customers every month. Jio is not only India's largest telecom enterprise in terms of subscribers and revenues but has also become the Digital Gateway of India," Reliance Industries Chairman and Managing Director Mukesh D Ambani said in a statement.

The company reported the average revenue per user of Rs 120- a dip of Rs 2 compared to the previous quarter. The same, was however, was offset by growth in the subscriber base.

The Jio's subscriber base reached at 35.52 crore at the end of the reported quarter from 33.13 crore in the previous quarter.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
ICICI Bank 498.65 2.66
Yes Bank 68.75 0.81
SBI 306.00 -0.26
Reliance 1,462.75 -0.65
Indiabulls Hsg 211.35 -3.16
Company Price Change %Gain
Narayana Hruda 304.85 1.08
Cipla 451.50 0.73
Yes Bank 68.75 0.73
Indiabulls Hsg 211.20 -3.25
Cholamandalam 309.15 3.99
Top Gainers
Company Price Change %Gain
ICICI Bank 498.65 2.66
IOC 136.85 2.24
Infosys 705.30 2.02
Bajaj Finance 4,210.55 1.59
HDFC Bank 1,273.90 1.30
Company Price Change %Gain
ICICI Bank 498.75 2.67
Infosys 705.35 2.04
Bajaj Finance 4,211.95 1.65
Maruti Suzuki 7,247.10 1.28
HDFC Bank 1,273.70 1.25
Top Losers
Company Price Change %Gain
Bharti Infratel 208.65 -4.38
Vedanta 144.00 -2.96
Zee Entertain 282.00 -2.94
IndusInd Bank 1,375.10 -2.76
UltraTechCement 4,003.40 -2.73
Company Price Change %Gain
Vedanta 143.95 -2.90
IndusInd Bank 1,374.40 -2.79
Coal India 202.25 -2.39
Tata Motors 167.00 -2.11
Bharti Airtel 362.65 -1.59

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results