Reliance Jio's Net Profit Leaps To Rs 3,489 Crore In December Quarter
Reliance Industries' telecommunications subsidiary Reliance Jio's clocked a consolidated net profit of ₹ 3,489 crore, a of 15.5 per cent quarter-on-quarter increase, in the December (Q3) quarter on Friday. The telecom company recorded a net profit of ₹2,844 crore during the September quarter. In the quarter-over-quarter terms, Jio's profit was Rs 1,350 crore.
During the December quarter of FY21, the average revenue per user (ARPU) rose to ₹151 per subscriber per month from ₹145 in the previous quarter. Reliance Jio's total customer base was 410.8 million as on December 31, 2020.
Total revenue, including access revenues for the quarter, was Rs 22,858 crore — up 5.3 percent quarter-over-quarter.
Earnings before earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter clocked Rs 8,483 crore — up 6.4 per cent quarter-over-quarter. EBITDA margin came at 37.1 per cent
During the December quarter, Jio Platforms raised 33,737 crore by issuing equity shares to Google International LLC.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
