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Reliance Jio reports Rs. 504 crore profit in Q3, has over 160 million customers

Reliance Jio today reported Rs. 6879.42 crore revenue, up 12.7% QoQ and a net profit of 504.38 crore for its second quarterly financial performance for the period that ended 31st December, 2017. This comes after the company reported a net loss of 270.59 crore in the previous quarter. Jio's rival Airtel earlier this week reported over 39% decline in profits for Q3 2018. It reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 2,628 crore, up 82.1% QoQ and...
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