Reliance Jio records Rs 2,520 Cr profit, adds 15 million new users in June quarter
Reliance Jio recorded profits of Rs 2,520 crore in the June quarter.
Its operating revenues grew 33.7 percent to reach Rs 16,557 crore.
The telecom network also recorded a gross addition of 15 million new users in the quarter, taking its total subscriber base to 398.3 million.
This is higher than the valuations of internet economy giants like Zoom ($42 billion), Uber ($35 billion), Twitter ($34 billion), and Airbnb ($26 billion).
Industry experts believe that Reliance is looking for a $100-billion IPO for Jio in foreign shores.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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