Reliance Jio announced it’s Profit of Rs 504 crore in Dec Quarter

Jio

New Delhi:

Reliance Jio has created a massive impact in the telecom sectors by showering the attractive offers on Jio users and for the first time, it has gained anonymous profits in the second year of its launch.

Reliance Jio has announced it’s net profit of  Rs. 504 crore in three months ending the December 2017. The company had a loss of  Rs. 271 crore in the September quarter last year.

The company had posted that overall revenue was Rs 6,879 crore in this quarter and 11.9 percent growth compared to the last quarter.

When the Jio was introduced in the market by the Reliance the company. The company had decided to provide free voice calls and free data for the Jio users for six months even though the company makes a huge profit in the quarter ending December 2017.

The company said that on December 31, 2017, Jio’s total subscriber base stood at 160.1 million. The company noted that average data consumption per month about 9.6 GB and average voice consumption per month about 694 minutes.

Video consumptions also crossed more than 200 crore hours per month which means that on an average 13.5 hours of videos have been watched by Jio users.

With its, profits in the quarter Reliance has given a tough competition to its rival companies like Airtel, Vodafone and Idea.Interestingly, Reliance Jio has announced its net profit just a day after the profit announcement made by one of its competitors India’s largest telecom operator Bharti Airtel.

The results released by the Bharti Airtel company showed that 39 percent drop in profit to  Rs 306 crore. The total revenue of the company also declined 13 percent to Rs 20, 319 crores.

Recently Reliance Jio company announced Happy New Year offer provides  1GB per day data usage with the recharge of Rs 149 which is Rs 50 less than the previous plan which is introduced by the same company.

The company said in coming days it will introduce innovative schemes which transforms the customers’ lives and initiate huge social value.

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