Jio Q4 net soars 64% to `840 cr

New Delhi: Telecom operator Reliance Jio on Thursday reported 64.7 per cent increase in its net profit to Rs 840 crore in the March quarter of 2018-19.

The company had recorded net profit of Rs 510 crore in the same quarter a year ago.

The operating revenue of Reliance Jio rose 55.8 per cent to Rs 11,106 crore during the reported quarter, compared to Rs 7,128 crore in the corresponding period of 2017-18.

For the fiscal ended March 31, 2019, Reliance Jio posted over 4-fold jump in net profit to Rs 2,964 crore compared to Rs 723 crore in the previous fiscal.

The company's pre-tax profit for March quarter stood at Rs 2,585 crore and for the full fiscal it was Rs 8,704 crore.

The operating revenue of Reliance Jio jumped 92.7 per cent to Rs 38,838 crore for 2018-19, as against Rs 20,154 crore in 2017-18.

Jio subscriber base at end of reported quarter stood at 30.67 crore and it registered an average revenue of Rs 126.2 per customer.

"We at Jio are truly overwhelmed and proud to now serve over 300 million subscribers. Growth in data and voice traffic at this scale has been unparalleled.

Jio's network is one of the largest mobile data networks in the world carrying over 3 Exabytes of data every month at unmatched download speeds," Reliance Industries CMD Mukesh D Ambani said.