Jio posted a profit of Rs 4,500 crore in the quarter ended September 4,000 crore profit for Jio… Other companies are speechless

by time news

Mukesh Ambani’s Reliance Jio is one of the leading telecom companies in India. Majority have Jio Phone, Jio Simo. In this environment, the annual profit of that company is increasing by 28 percent. In the quarter to September, Jio had Rs. 4 thousand 518 crore profit. The increase in profitability was attributed to new customer additions and an increase in average revenue per customer.

In the same period last year, Jio’s profit was Rs. 3 thousand 528 crores. Reliance Jio Infocomm’s profit rose 20.2 percent to Rs 22,521 crore. Last year it was Rs.18 thousand 735 crores.

As Reliance Jio is currently busy rolling out 5G services across the country, its second quarter earnings report has been released. Accordingly, India is the second largest smartphone market with new-generation technology, high-speed internet, and consistent connectivity. China is number one.

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Jio Platforms profit up 27 percent to Rs. 4 thousand 729 crores has increased. By the same quarter last year, Jio Platforms had posted a profit of Rs. It is noteworthy that it was 3 thousand 728 crores. Jio Platforms revenue grew by 22.7 percent to Rs. 24 thousand 275 crores. Last year it was Rs. 19 thousand 777 crores. This profit earned by Jio has left other companies speechless.

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