Reliance Jio Q1 net profit nearly triples to Rs 2,500 crore; Mukesh Ambani firm adds 1 crore new users

Reliance Jio Infocomm’s fiscal first quarter net profit nearly tripled to Rs 2,520 crore as compared to Rs 891 crore in the corresponding quarter previous year, the company said in a statement. The four-year-old telecom arm of Reliance Industries added nearly 1 crore new subscribers during the quarter despite the challenges due to coronavirus pandemic. The company now has a total customer base of nearly 39 crore as of 30th June 2020.“Jio started with a vision of connecting everything by building a robust and secure wireless and digital network and extending the benefits of digital connectivity to everyone in India. Thirteen investors, which include the largest technology companies and investors globally, now share a common vision with us,” RIL chairman Mukesh Ambani said in a statement.