Jio Q2 net profit up 45% on yr; ARPU drops for 7th straight qtr

MUMBAI: Reliance Jio Infocomm reported its eighth profitable quarter in a row on the back of strong subscriber additions and high data usage.

Profit rose more than 45% from the year earlier but average revenue per user (ARPU), a key performance parameter, fell for the seventh successive quarter to Rs120 from Rs122 as the Mukesh Ambani-owned telco added more lower-revenue-generating subscribers through its 4G featurephone, the JioPhone.