Appearances can be deceptive, and so can reported profits
Appearances can be deceptive, and so can reported profits. Reliance Jio Infocomm Ltd was the only Indian telco to report a pre-tax profit in the March quarter. Its pre-tax profit of ₹ 784 crore last quarter stands in stark contrast to losses of ₹ 2,052 crore and ₹ 1,582 crore, respectively, in Idea Cellular Ltd and Bharti Airtel Ltd’s India wireless businesses. How has the company managed to stay immune from the pain inflicted on the telecom sector?
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