Of course, there’s another less charitable league table Reliance Jio has topped—cash burn, but more on that later. Riding piggyback on the IUC cut, Reliance Jio reported a pre-tax profit of Rs772 crore in Q3, compared to a loss of Rs414 crore in the preceding quarter. Any discussion on Reliance Jio profit must note that the company’s accounting policy differs significantly from peers. Against this gory backdrop, it isn’t surprising that Vodafone and Idea are attempting to appease Reliance Jio with their post-results statements. Sadly for them, Reliance Jio seems to be in no mood to relent.
Source: Mint February 14, 2018 03:00 UTC