BENGALURU (Reuters) – Reliance Jio, the telecom arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter profit on Friday, as it added more users.
Jio, India’s biggest telecom carrier by subscribers, said net profit rose to 46.38 billion rupees ($571.5 million) in three months ended Dec. 31, from 36.15 billion rupees a year ago.
Its revenue from operations climbed nearly 19% to 229.98 billion rupees. ($1 = 81.1530 Indian rupees)
(Reporting by Rama Venkat in Bengaluru; Editing by Savio D’Souza)
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