Reliance Jio Q2 net up 45.4% at Rs 990 crore on strong subscriber base

Telecom operator Reliance Jio on Friday posted a 45.4 per cent jump in its net profit to Rs 990 crore on a standalone basis in the July-September quarter of 2019-20 on account of growth in subscriber base.

The company had posted a net profit of Rs 681 crore in the same quarter a year ago.

The operating revenue of the company increased by 33.7 per cent to Rs 12,354 crore during the reported quarter from Rs 9,240 crore in the corresponding quarter of 2018-19.

"Jio crossed the 350 million subscriber mark to remain the world's fastest growing digital services company,