Jio Platforms Reports 14 Percent Profit Rise
Jio Platforms posted a 13.7 percent rise in quarterly net profit following its historic public debut. The telecom giant added millions of subscribers and expanded operating margins.
Xurve View
Insights:
Xurve View
Jio Platforms posted a 13.7% jump in quarterly net profit to 83.89 billion rupees ($882.82M) on Friday in its first earnings report since a blockbuster public debut. The telecom major is backed by META PLATFORMS INC-CLASS A and ALPHABET INC-CL A in India. The record listing propelled parent RELIANCE INDUSTRIES LIMITED past Tata as the country's most valuable conglomerate by market value.
