Interest costs slow down Jio profit growth: Analysts

Telecom operator Reliance Jio’s net profit grew just 1% sequentially to Rs 6,711 crore in the June quarter, on the back of rising interest costs. The moderation in profit growth came despite a strong operating performance, led by subscriber additions and cost efficiencies, analysts said.

The subdued bottomline was largely due to the capitalisation of 5G spectrum investments.