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Wireless

Reliance Jio's quarterly revenues jump 44%, adds 24 mln customers

Monday 22 July 2019 | 11:06 CET | News
India's fastest growing mobile operator Reliance Jio reported operating revenues of INR 116.79 billion for its fiscal first quarter ended 30 June, which represents an increase of 5.2 percent quarter-on-quarter and 44 percent year-on-year. EBIT jumped 79.6 percent year-on-year to INR 30.80 billion, and the operator generated an EBITDA of 46.86 billion, up 8.2 percent quarter-on-quarter. EBITDA margin stood at 40.1 percent, up from 39 percent in the quarter ended March 2019, while standalone net profit amounted to INR 8.91 billion, down from INR 8.4 billion in the previous quarter. 

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Categories: Mobile & Wireless
Companies: Reliance Jio
Countries: India
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