Reliance Jio is a telecom provider in India. Today, the company disclosed a net profit of Rs 4,638 crore for the three months that ended on December 31, 2022, an increase of 28.3% over the same period in the previous year.
According to a business’s stock market statement, the company made a net profit of Rs 3,615 crore between October and December 2021.
During the months of October through December 2022, revenue increased to Rs 22,993 crore from Rs 19,347 crore the previous year.
Reliance Jio company is continuously trying to boost its sales and services to increase the number of customers. The company is continuously in talks about launching its 5G network services in new areas. Along with Jio Airtel is also trying to launch its new 5G services in new areas proving itself a hard competition.
Currently, Reliance Jio, Vodafone Idea, and Bharti Airtel are the major telecom companies in India. While Vodafone Idea is seeing a continuous loss in its users and recently it has been reported that its employees have exodus and now also there as been any reports now about it launching the latest 5G network so it can be seen out of the challenge. It can be observed to be out of the competition till. Whereas Airtel is providing a tight challenge to Jio and in the future, it can be worth watching only these two big players left in the country.
