Reliance Jio Infocomm Ltd, the telecom arm of Reliance Industries Ltd (RIL), recorded a 13 percent increase in fiscal fourth-quarter profit.
The company posted a net profit of Rs 5,337 crore in the three months ended 31 March compared to Rs 4,716 crore in the year earlier period.
The telco’s net profit in the third quarter stood at Rs 5,208 crore.
Revenue increased 11 percent to Rs 25,959 crore in the quarter ended 31 March from Rs 23,394 crore in the year-ago period.
Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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