Reliance Jio Result: Mukesh Ambani's Reliance Jio did wonders, earned Rs 5,200 crore in 3 months - Newztezz Online

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Friday, January 19, 2024

Reliance Jio Result: Mukesh Ambani's Reliance Jio did wonders, earned Rs 5,200 crore in 3 months


Reliance Jio of the country's richest man Mukesh Ambani shows new wonders every time. The country's largest mobile network company Reliance Jio has earned more than Rs 5200 crore in just 3 months.

Reliance Jio, the company of billionaire industrialist Mukesh Ambani, changed the telecom sector of the country. This company proved to be a profitable deal for Mukesh Ambani. Reliance Jio has earned huge profit in the October-December quarter. After deducting tax and other expenses, the net profit of the company was Rs 5,208 crore.

During this period, a growth of 12.3 percent has been recorded in the profit of Reliance Jio on annual basis. Reliance Jio, launched in 2016, is continuously expanding. The company has launched many new services and today it is the largest telecom company in the country. The company has the largest 4G and 5G network in the country.

Revenue also increased by more than 10%

Reliance Jio's revenue has also increased rapidly during October-December. It was Rs 25,368 crore with a growth of 10.3 percent. During this period, the operating margin of the company has been 26.3 percent. During this period the company's expenditure has increased to Rs 18,518 crore. It was Rs 18,063 crore in the July-September 2023 quarter. Whereas a year ago, in the quarter October-December 2022, it was Rs 16,839 crore.

Reliance Jio users

Reliance Jio has about 45 crore users across the country. It is the number-1 telecom company in the country. Reliance Jio also introduced the first 4G feature phone in the country. This helped the company to convert the large 2G base in the country to 4G. Reliance Jio created a stir in the Indian market by introducing cheap internet plans. After this, other telecom companies in the country, Airtel, Vodafone and Idea also had to reduce their plans.

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