For the full year, net profit reported to Rs 722.96 crore in the year ended March 2018 as against net loss of Rs 31.37 crore during the previous year ended March 2017.
On a sequential basis, the companys net profit rise was only 0.1 per cent, RIL said in a statement.
Reliance Jio has released its performance report for Q4 of the financial year 2017-18 which has revealed that while the telco has recorded huge profits in the first year of its operations, it has also gained a substantial number of subscribers in the said period.
In terms of total revenue, RIL achieved 30.55 per cent growth at Rs 430,731 crore compared to Rs 330,180 crore in the previous year.
IAAF implements new testosterone limits for female athletes
Sport star Caster Semenya has fired back at haters with a Twitter post on Thursday letting everyone know exactly how she feels. South African sports scientist Ross Tucker suspects a legal challenge may be mounted should the IAAF go ahead with their plans.
Telecom operator Reliance Jio today posted a 1.2 per cent sequential rise in its standalone net profit at Rs 510 crore for the last quarter of 2017-18.The company had registered a net profit of Rs 504 crore in the October-December 2017 period. Exports (including deemed exports) from India during the March quarter shot up by 32.5 per cent at Rs 51,295 crore during the March quarter.
Consolidated quarterly revenues stood at Rs 1.17 lakh crore, up 17 percent quarter on quarter.
RIL reported gross refining margin (GRM) of $11.0 per barrel for the quarter ended 31 March 2018. This indicates that makes around Rs 105 crore a day.
134 per cent surge in its retail business. The increase in revenue is primarily on account of higher volumes with start-up of petrochemicals projects and uptrend in the prices of products in refining and petrochemical businesses.
Armenia's parliament to elect new prime minister May 1
Pashinian has threatened extended protests, which continued Thursday, if the Republican Party nominates a candidate. Pashinyan has called for the "capitulation" of the Republican Party of Armenia which has a parliamentary majority.
These results prove the competitive marketing strategies of Reliance Telecommunications and their capacity to provide the best services to the customers and their partners.
RIL also acquired 5-per cent equity stake in NYSE-listed Eros International PLC at a price of $15 per share. Then, in March this year, the company started offering the same device at Rs. 1,999, but with cashback and vouchers worth Rs. 3,595. Alongside the revenue aspect, Jio also revealed the numbers of the company such as subscriber base, data usage by the subscribers and more.
Since the launch of Jio the internet consumption has increased three times with cheap data offers pushing the digital content to the mainstream.
European Central Bank keeps rates, policy and guidance unchanged
Business confidence in the 19-country bloc has already taken a knock, most notably in export-focused Germany. No changes are expected in interest rates or monetary stimulus settings.