New Delhi, July 19 (UNI) India’s leading private telecom operator Reliance Jio Infocomm on Friday reported a 12 percent jump in net profit at Rs 5,445 crore in the April-June quarter of the current financial year as against Rs 4863 crore in the corresponding quarter of 2023-24.The telecom arm of Mukesh Ambani-owned Reliance Industries has reported total income from operations at Rs 26580 crore, up 11 percent in Q1. In the same quarter last fiscal the total revenue was Rs 24127 crore, the company said in a release.
Within eight years of operations, Jio has captured more than 40 percent market share with a subscriber base of nearly 475 million as per latest figures available from the telecom regulator TRAI.
The company said it is setting up 5G Network and continues augmenting its wireless and wireline network capacity. The company is mainly engaged in the business of providing Digital Services. Accordingly, the company has one digital services segment as per the requirements of Ind AS 108 Operating Segments.
Unsecured Redeemable Non-Convertible Debentures (“NCDs”) of the company outstanding (before netting off unamortised finance charges and fair valuation impact) as on June 30 are Rs 5,000 crore (Rupees Five Thousand Crore), the release said.
