Reliance Jio Q4: Net profit at Rs 2,331 crore, up 177% YoY

Reliance Jio, the telecom arm of Reliance Industries Limited, on April 30 reported a 177 percent YoY jump in profit at Rs 2,331 crore for the January-March 2020 quarter.

The company's standalone revenue from operations, including access revenues, stood at Rs 14,835 crore.

Also Read | RIL Q4: Exceptional loss drags profit to Rs 6,348 crore, but Jio registers 73% net growth, rights issue 1:15

Reliance Jio's subscriber base stood at 387.5 million as on March 31, 2020, a 26.3 percent YoY growth. The average revenue per user (ARPU) was at Rs 130.6 per subscriber per month for the said quarter.

Find All Earnings Related News here

Earlier this month, social media giant Facebook bought a 9.9 percent stake in Reliance Jio, for $5.7 billion (Rs 43,574 crore). The deal values Jio at Rs 4.62 lakh crore ($65.95 billion).

Read all about the Facebook-Jio deal here

(Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)