Reliance Jio net profit rises 15.5% to Rs 3,489 crore in December quarter

Reliance Jio posted 15.5 per cent growth in net profit to Rs 3,489 crore in December-end quarter on a sequential basis.

While the company saw 5.3 per cent quarter-on-quarter growth in revenue, net customer additions remained subdued for second consecutive quarter partly impacted by farmer agitations in Punjab.

In the third quarter, Jio Platforms reported operating revenue of Rs 19,475 crore, compared to Rs 18,496 crore in the September quarter. Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 6.4 per cent to Rs 8,483 crore. Margins grew by 46 basis points to 43.6 per cent.

Jio Plaforms said it achieved a milestone this quarter with annualised operating revenue run-rate of $10 billion.