Jio posts Rs 990 cr net profit in Q2, ARPU drops

Reliance Jio on Friday reported Rs 990 crore net profit for Q2 ending September, marking a year-on-year growth of 45.4 percent on a standalone basis even as its average revenue per user (ARPU) fell while both data and voice volume grew significantly.

Its standalone revenue from operations was Rs 12,354 crore while standalone Ebitda stood at Rs 5,166 crore. The company’s net profit was Rs 891 crore in the previous quarter.

Reliance Jio has become the world’s second largest single country operator with over 350 million subscribers, the company said in a statement.

Read More: https://www.bhaskarlive.in/jio-posts-rs-990-cr-net-profit-in-q2-arpu-drops-lead/