Reliance Jio became the largest telecom company in the country

Business

Airtel (Airtel), Vodafone (Vodafone), beating Reliance Jio, has gone into (Reliance Jio), India’s largest telecom company. During the July-September quarter, Jio ‘s profit has registered a total increase of 11.1 percent. Jio has achieved a gain of 990 crores during this period. Explain that in the first quarter, the profit quarterly was Rs 891 crore. In the second quarter, the company’s revenue increased by 5.8 percent to Rs 12,354 crore.

In the second quarter of FY 2019-20, Reliance Jio’s EBITDA has seen a rise of 10.2 percent. During this period, EBITDA has increased to Rs 5,166 crore, as compared to Rs 4,686 crore in the previous quarter. According to Reliance Industries Chairman Mukesh Ambani, Reliance Jio has become India’s largest telecom service provider. He said that Reliance Jio has the highest market share in the country in 4G subscribers and 4G data traffic.

Significantly, Reliance Jio has become the largest telecom company in the country in terms of several customers and earnings. Currently, Reliance Jio has more than 35 crore customers. Let us know that in the September quarter, the profit of Reliance Industries (RIL) increased by 18.32 percent to Rs 11,262 crore. The company benefited from the extraordinary growth of the telecom business. The company’s profit is higher than expected. Reliance Industries announced the financial results after the market closed on Friday.

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