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 5 days ago
 Source: inc42.com

Reliance Jio Recorded $336 Mn In Net Profits Last Quarter

Quick Summary

The Mukesh Ambani-led company’s operating revenues shot up by 33.7% to INR 16,557 Cr in the quarter from INR 12, 383K in the same period last year. Reliance’s Jio Platforms value of services has also increased at the same rate from INR 14,593 Cr to INR 19,513 Cr last quarter. Reliance Jio Platforms also onboarded sovereign funds like Mubadala Investment Company, Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s Public Investment Fund (PIF) as investors. Ambani is currently valued at $72.4 Bn, which higher than Jio Platforms’ $65 Mn valuation. Now, Reliance Industries is looking to boost these services more with series of acquisitions.

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