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Reliance Jio reports Rs 510 crore profit for Q4 FY18, has 186.6 million subscribers

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Reliance Jio Infocomm Limited (Jio) reported a net profit of Rs 510 crore for the quarter ended March 31, 2018 (Q4 FY18). Its operating revenue for the period stood at Rs 7,128 crore, while its EBITDA for the quarter stood at Rs 2,694 crore. In the previous quarter, the company had posted a slightly lower profit of Rs 504 crores, with an operating revenue of Rs 6,879 crore and EBITA of Rs 2,628 crore. As of the end of the quarter (March 31), the company claims to have 186.6 million subscribers, up 16.5% from 160.1 million in the previous quarter. The company doesn’t mention how many of these are active. The company doesn’t mention how many of these are active. According to data released by TRAI, in November 2017 only 81.45% of Reliance Jio’s 152.07 million connections were active back…

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