Reliance Jio Profit Rises 24% To Rs 3,728 Crore In September Quarter
NDTV
Reliance Jio Q2 Results: The revenue from operations stood at Rs 23,222 crore in the July-September quarter, marking a growth of 15.2 per cent, compared to Rs 21,708 crore in the year-ago period
Mukesh Ambani-owned Reliance Industries' telecom arm - Reliance Jio reported a jump of 24 per cent in net profit at Rs 3,728 crore on a consolidated basis in the second quarter of the current fiscal, compared to Rs 3,019 crore in the corresponding period last year.
Jio platform's revenue from operations stood at Rs 23,222 crore in the July-September quarter of fiscal 2021-22, marking a growth of 15.2 per cent, compared to Rs 21,708 crore in the year-ago period, according to a regulatory filing by the company to the BSE on Friday, October 22.
Reliance Jio reported a total customer base of 429.5 million by the end of September 30, and a net addition of 23.8 million customers year-on-year. Jio's average revenue per user (ARPU) - a key metric to evaluate the performance of a telecom company, improved to ₹ 143.6 per user per month from ₹ 138.4 in the preceding April-June quarter.
During the 44th annual general meeting (AGM) of Reliance Industries announced an affordable, customer-friendly smartphone - JioPhone Next, in collaboration with Google. The smartphone is powered by an optimised version of the Android operating system (OS), that has been jointly developed by Google and Jio for the market in India.
