Reliance Jio posts Rs 270.6 crore loss, user base jumps to 138.6 million

Posted by The Fragrance Villa on

Late last week, Reliance Industries announced results for the second quarter ended September for the fiscal year 2017-18.

For the first time Mukesh Ambani-owned company disclosed the earnings for its telecom business Reliance Jio.

Reliance Jio posted a net loss of Rs 270.6 crore in July-September quarter against a net loss of Rs 21.3 crore in June quarter.

Jio's revenue for the quarter stood at Rs 6,147.06 crore. The company's EBITDA stood at Rs 1,442 crore with margin at 23.45 percent.


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