The oil-to-telecoms conglomerate, led by billionaire Mukesh Ambani, said on Friday consolidated profit climbed to 132.27 billion rupees ($1.79 billion) in the fourth quarter, from 63.48 billion rupees a year earlier. Analysts on average had expected a profit of 134.91 billion rupees, according to Refinitiv data.
Overall, revenue edged up 11% to 1.55 trillion rupees.
The country's markets regulator said it "advised the NSE to carry out a detailed root cause analysis," asking it to explain the reasons why trading did not migrate to the disaster recovery site.
"At least the resumption gave some relief, otherwise it would have been a disaster."
The scheme will offer gearmakers annual cash incentives of between 4% and 7% on any increase in sales of locally-made equipment over the next five years, compared with 2019-20 levels.
I would appeal to all telecoms' equipment manufacturers, come on India is waiting for you with this scheme, we'll give you all the help.
The 5G iPhone launch in the quarter, coupled with offerings such as free subscriptions to AT&T's HBO Max streaming service, helped the company rein in more customers.
Revenue in AT&T's HBO business rose 11.7% to $1.9 billion, driven by a growth in subscription revenue.