RIL Q4 profit jumps 9.8% to record Rs 10,362 cr

NEW DELHI: Telecom operator Reliance Jio on Thursday reported 64.7 in keeping with cent increase in its web benefit to Rs 840 crore within the March quarter of 2018-19.

The corporate had recorded web benefit of Rs 510 crore in the similar quarter a year ago.


The working income of Reliance Jio rose 55.8 in keeping with cent to Rs 11,106 crore all the way through the reported quarter, compared to Rs 7,128 crore within the corresponding period of 2017-18.

For the fiscal ended March 31, 2019, Reliance Jio posted over 4-fold soar in web benefit to Rs 2,964 crore compared to Rs 723 crore within the earlier fiscal.

The corporate's pre-tax benefit for March quarter stood at Rs 2,585 crore and for the full fiscal it was Rs 8,704 crore.

The working income of Reliance Jio jumped 92.7 in keeping with cent to Rs 38,838 crore for 2018-19, as towards Rs 20,154 crore in 2017-18.

Jio subscriber base at end of reported quarter stood at 30.67 crore and it registered a mean income of Rs 126.2 in keeping with customer.

"We at Jio are truly overwhelmed and proud to now serve over 300 million subscribers. Growth in data and voice traffic at this scale has been unparalleled. Jio's network is one of the largest mobile data networks in the world carrying over 3 Exabytes of data every month at unmatched download speeds," Reliance Industries chairman and managing director Mukesh D Amnbani mentioned.

The web subscriber addition of Jio all the way through the reported quarter stood at 2.66 crore, while gross addition was three.32 crore, in keeping with a company observation.

Jio claimed moderate data consumption in keeping with person monthly stood at 10.9 GB and moderate voice consumption was 823 mins.


Video consumption reached over 500 crore hours monthly, Jio mentioned.


The corporate mentioned that it has rolled out mounted line broadband connection 'JioGigaFiber services' throughout 1,600 towns.


"Post completion of the acquisitions of Den Networks Limited and Hathway Cable and Datacom Limited (now majority owned by RIL Group after the open offer process completed in last quarter of 2018-19), the go-to-market strategy is being optimised with successful test results from beta trials across the country," the observation mentioned.


Reliance Jio mentioned that transfer of fibre and tower assets to separate companies - Digital Fibre Infrastructure Trust and Power Infrastructure Trust -has led to aid of liabilities worth Rs 1,07,000 crore all the way through the quarter.
RIL Q4 profit jumps 9.8% to record Rs 10,362 cr RIL Q4 profit jumps 9.8% to record Rs 10,362 cr Reviewed by Kailash on April 20, 2019 Rating: 5
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