Reliance Jio Infocomm on Friday posted a 28 per cent year-on-year rise in its net profit for the September quarter at Rs 4,518 crore.
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Its net profit stood at Rs 3528 crore in the same period previous fiscal, the telco said in a regulatory filing.
The revenue from operations jumped 20.2 per cent to Rs 22,521 crore for the just ended quarter, from Rs 18,735 crore in the year-ago period.
The Q2 scorecard comes amid large-scale network deployments across the country for 5G services, the much-talked about next-generation technology that promises to ring in a new era of turbocharged speeds, lag-free connectivity, and new-age applications in India, the world’s second-biggest smartphone market after China.
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Earlier this month, Jio announced it will start the beta trial of its 5G services in four cities of Delhi, Mumbai, Kolkata and Varanasi from October 5 with a select set of customers.
