Reliance Jio Posts Record Subscriber Growth, Higher Profits In Last Quarter
Reliance Jiohas posted a net profit of Rs. 612 crore on revenues of Rs. 8,109 crore during Q1 FY18-19, the company announced Friday. The EBIDTA (Earnings before interest, tax, depreciation and amortization), meanwhile, came in at Rs 3,147 crore. Jio’s user-base now stands at 215.3 million after adding a record 28.7 million new subscribers during the quarter. The company also reported a churn rate of just 0.30 percent, which it claimed was the lowest in the market....