JIO's spectacular performance: net profits of Rs 723 crore earned in the first year

The total business of Reliance Jio was more than Rs 8,400 crore, which is 3.6 percent higher than the third quarter.

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New Delhi: Today Reliance Jio announced the results of the fourth quarter of its financial year 2017-18. Reliance Jio has a profit of Rs 510 crore, which is nearly three percent higher than the third quarter. The total business of Reliance Jio was more than Rs 8,400 crore, which is 3.6 percent higher than the third quarter. Reliance Jio earned profits of about seven and a half billion rupees during the first full business year of its operation.

Special results of Reliance Geo's results: In the
first year of commercial operation, Geo has made profits and it has a net profit of Rs 723 crore. Geo's spectacular performance has been witnessed in the tough competition of telecom companies. Geo is the fastest growing digital services platform in the world and Geo's digital offering has increased customer confidence.

• Geo added more than 18.67 million subscribers till March 31, 2018


• Data consumption at record level of 506 million GB in the fourth quarter


• 17.4% increase in consumption of data compared to previous quarter


• Geo-Standalone net profit of fourth quarter was 510 million


• Standalone Revenue of Geo has increased by 3.6% to Rs 7,128 crore compared to the previous quarter.


• Standalone Ebitda of Geo rose 2.5 percent to Rs 2694 crore compared to the previous quarter.


• Ebitda margin was 37.8 percent


• Average Revenue per customer (ARPU) in the fourth quarter was 137.1 rupees per month


• Total voice traffic in the fourth quarter was 37,218 million minutes

Mukesh Ambani, chairman of Reliance Industries Ltd, has expressed happiness over the results of Reliance and Geo. According to him, "At this time the whole world is going through a time of social, mobile and digital revolution. I am glad that after coming to Geo, India has emerged as a leading country in this revolution. Today, everyone who works in Geo is proud that he is helping to change the digital shape of his country and also plays an important role in digitally empowering the citizens of the country. Geo has given the power of data in the hands of every Indian, so that he can fulfill his dreams. As well as take the country to the peak of the digital world.

Despite the competitive market, Geo has shown excellent financial results. From which it is clear that Geo's business model is strong and it is capable of delivering the highest value to customers and associates. Geo has consistently shown great financial results and he also has the power to continue this strong performance in the future.

Reliance Industries up 4.94 crores in fourth quarter; Geo gains 510 crores

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