Reliance Jio Profit Rises 24% To ₹ 3,728 Crore In September Quarter

Mukesh Ambani-owned Reliance Industries’ telecom arm – Reliance Jio reported a jump of 24 per cent in net profit at ₹ 3,728 crore on a consolidated basis in the second quarter of the current fiscal, compared to ₹ 3,019 crore in the corresponding period last year.

Jio platform’s revenue from operations stood at ₹ 23,222 crore in the July-September quarter of fiscal 2021-22, marking a growth of 15.2 per cent, compared to ₹ 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.