Reliance Jio Q4 profit jumps 64.7% to Rs 840 crore

Mumbai: Reliance Jio Infocomm reported a 65% jump in net profit for the January-March period, its sixth straight profitable quarter, boosted by strong user additions and data consumption.

Sequentially, net profit grew 1%, constrained by a continuing fall in average revenue per user (ARPU) and higher costs, which weighed on operating margins. Earnings had increased 22% sequentially in the October-December period.

Profit rose to Rs 840 crore in the fourth quarter of the financial year from Rs 510 crore a year earlier, the Mukesh Ambani-owned telco said in a statement on Thursday.