Mumbai, 21/4: Reliance Jio Infocomm Ltd, the telecom arm of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, reported a 13 per cent rise in fourth-quarter profit on Friday, led by the sustained growth in its user base.
Jio, India’s biggest telecom carrier by subscribers, said net profit rose to Rupees 47.16 billion ($574.8 million) in the three months ended March 31, from Rupees 41.73 billion a year ago.
Its revenue from operations climbed 11.9 per cent to Rupees 233.94 billion. ($1 = 82.0420 Indian rupees)
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