Reliance Jio reports 24% rise in quarterly profit

(Reuters) – Reliance Jio, the telecom arm of Mukesh Ambani-led conglomerate Reliance Industries (RELI.NS), reported a 24% rise in quarterly net profit on Friday, as it added more subscribers.

The company’s net profit for quarter ended June 30 came in at 43.35 billion rupees ($542.57 million), compared with 35.01 billion rupees in the same period a year ago, Jio said in a regulatory filing.

($1 = 79.8970 Indian rupees)

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