Key Points
BENGALURU, July 21 (Reuters) - Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes...
Jio, India's biggest telecom carrier by subscribers, said net profit climbed to 48.63 billion rupees ($593.2 million) in April-June from 43.35 billion rupees a year earlier...
Its revenue from operations rose 9.9% to 240.42 billion rupees, while total expenses increased 9%...
You might be interested in
Reliance Industries second-quarter profit misses on fall in crude prices
27, Oct, 23India's most valuable company Reliance Industries (RELI.NS) reported a weaker-than-expected quarterly profit on Friday as a fall in crude prices hit revenue from fuel sales and hurt its mainstay oil-to-chemicals (O2C) business.
India's Tata Elxsi posts Q3 profit rise on strength in transportation segment
23, Jan, 24(Reuters) - Indian design and technology services company Tata Elxsi reported a 6% rise in third-quarter profit on Tuesday, helped by healthy demand in its transportation segment. The company's net
India's Apollo Tyres beats Q2 profit view on higher auto sales
07, Nov, 23Indian tyre maker Apollo Tyres Ltd. (APLO.NS) reported a better-than-expected second-quarter profit on Tuesday, boosted by higher auto sales and lower input costs.
India's Bharti Airtel Q2 profit drops on one-time charge
31, Oct, 23Indian telecom operator Bharti Airtel (BRTI.NS) on Tuesday reported a drop in second-quarter profit, hurt by a one-time exceptional loss.
Reliance Jio phone push may delay tariff hike: Analysts
25, Jul, 23They added that Jio's sharp focus on subscriber adds will continue to help it gain a wider user base but will further challenge average revenue per user (ARPU) growth in the absence of hikes. The JioBharat platform is ready to scale up with a successful initial trial of 1 million devices, brokerage firm BNP Paribas said in a report after the telco's fiscal first-quarter (Q1FY24) results announced Friday.
Gail India Q4 Results: Profit slumps 77% as petrochemicals drag, expenses jump
18, May, 23Gail, India's largest gas distributor, reported a 77.5% slump in its quarterly profit on Thursday, dented by weakness in its petrochemicals segment. The company's standalone profit after tax slumped to 6.04 billion rupees ($73.86 million) in the quarter ended March 31, from 26.83 billion rupees a year earlier. The state-owned gas company's revenue from operations rose about 22% to 328.58 billion rupees.
UK's Smith+ Nephew expects rev growth at higher end of guidance; names new CFO
02, Nov, 23India's LTIMindtree posts better-than expected Q2 revenue, profit
18, Oct, 23Indian IT services and consulting firm LTIMindtree (LTIM.NS) reported a smaller-than-expected drop in its second-quarter profit on Wednesday, as healthy revenue growth outweighed a rise in employee and other expenses.
India's Flipkart to get $600 million from Walmart under new fundraise
21, Dec, 23BENGALURU (Reuters) - Indian e-commerce firm Flipkart's biggest shareholder Walmart is set to infuse about $600 million in a new fundraise for the startup, a Flipkart spokesperson said on Thursday.
India's Aether Industries ordered to shut blast affected site by pollution regulator
01, Dec, 23Indian specialty chemicals maker Aether Industries (AETH.NS) said on Friday that it was ordered by the pollution control board of Gujarat on Nov. 30 to stop production at its blast-affected site in Surat until further instructions.