Mukesh Ambani-owned Reliance Industries’ telecom arm Reliance Jio reported a 47 per cent jump in net profit at Rs 3,508 crore on a consolidated basis in the January-March quarter of the financial year 2020-21, compared to Rs 2,379 crore in the corresponding period last year. According to a regulatory filing by the company to the BSE on Friday, April 30, the Jio Platform’s revenue from operations stood at Rs 18,278 crore in the March quarter marking a growth of 18 per cent, compared to Rs 15,373 crore in the same period last year. (Also Read: Reliance Industries Profit More Than Doubles To ₹ 13,227 Crore In March Quarter )
According to the statement, the value of services for the year stood at Rs 86,493 crore. Despite the COVID-19 pandemic-related challenges, Relinace Jio closed its first full year of operations with earnings before interest, taxes, depreciation, and amortization or EBITDA of Rs 32,359 crore.