JioStar Q2 Profit Falls 13% Amid Weak Advertising Environment
Reliance Industries' entertainment subsidiary reported September-quarter revenue up 10% year on year to Rs. 6,806 crore and EBITDA down nearly 14% to Rs. 1,502 crore. Profit after tax fell 13%.
Mumbai, Oct. 30 -- Reliance Industries Ltd's entertainment subsidiary JioStar reported a 10% year-on-year jump in revenue to Rs.6,806 crore in the September quarter, although earnings before interest, taxes, depreciation, and amortization (Ebitda) fell nearly 14% to Rs.1,502 crore.Profits after tax…