RIL Q3 net jumps 25% at Rs 94.23 bn; Jio turns profitable for first time

Consolidated revenue rose 8.6% to Rs 1.09 trn as against Rs 1.01 trn in September 2017; GRM at $11.6 per barrel

Reliance Jio Infocomm Ltd, or Jio, which disrupted the country's telecom industry with free voice and cut-price data, swung to a profit of Rs 5.04 in the third quarter from a loss of Rs 2.71 billion in the second quarter. Jio has turned around in less than a year and a half since its launch.

Gross refining margin (GRM), the money made from turning one barrel of crude oil into fuel, came in at $11.6 per barrel as against $10.8 per barrel during October-December 2016. 

Jio, the world's largest and fastest growing mobile data