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Jio Platforms net profit rises 45% on the back of new subscribers and higher data usage

Jio Platforms net profit rises 45% on the back of new subscribers and higher data usage SECTIONS Last Updated: Jul 24, 2021, 08:21 AM IST Share Synopsis Net subscriber additions for JPL continued to be strong with 14.4 million in the just-ended quarter. Jio ended April-June with 440.6 million users, the company said. Jio Platforms (JPL) net profit rose 44.9% on-year in the April-June quarter, driven by strong mobile phone subscriber additions and higher data consumption. For the fiscal first quarter, JPL s consolidated net profit stood at RS 3,651 crore compared with RS 3,510 crore at March-end, and RS 2,519 crore a year ago, the company said in a release on Friday. Quarterly revenue rose to RS 18,952 crore from RS 18,278 crore in the January-March period and RS 17,254 crore a year ago.

Sensex, Nifty lower ahead of Reliance results; Zomato soars on debut

Sensex, Nifty lower ahead of Reliance results; Zomato soars on debut Sensex, Nifty lower ahead of Reliance results; Zomato soars on debut Benchmark market indices Sensex and Nifty opened weaker ahead of conglomerate Reliance Industries Limited s results. Meanwhile, Zomato has registered a bumper listing on the stock market. advertisement Sensex and Nifty have opened weaker on Friday. (Photo: Reuters) Indian shares edged lower on Friday amid mixed global cues, ahead of quarterly results from oil-to-telecom conglomerate Reliance Industries Ltd while India s first unicorn Zomato Ltd soared at its debut. By 9:36 am, the blue-chip NSE Nifty 50 index was down 0.17% at 15,798.05 and the benchmark S&P BSE Sensex was down 0.15% at 52,759.24. The indexes ended 1.2% higher on Thursday.

Indian shares edge lower ahead of Reliance results; Zomato soars on debut

Indian shares edge lower ahead of Reliance results; Zomato soars on debut
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