Q2 Results: What Reliance Jio’s seventh consecutive ARPU decline means

NEW DELHI : Reliance Jio Infocomm Ltd, India’s newest and only profitable telecom operator, has witnessed seven consecutive quarters of decline in its average revenue per user even as its net profit surged and more subscribers onboarded its network.

The company posted a net profit of ₹990 crore in the September quarter, up 45.4% year-on-year, as data consumption rose. Its operating revenue increased 33.7% year on year to ₹12,354 crore.

Despite the growth in all these metrics, its average revenue per user fell as most of the subscribers added were low-paying users.