Reliance Jio Profit Nearly Triples In March Quarter, Announces New Video Platform

Reliance Industries' telecom arm Reliance Jio on Thursday reported a 177.5 per cent growth in profit in the fourth quarter (January-March), to Rs 2,331 crore, up from Rs 840 crore in the same quarter last year. As far as the entire financial year is concerned, Jio's net profit rose from Rs 2,964 crore in 2018-19 to Rs 5,562 crore in 2019-20, an annual increase of 88 per cent.