Jio Q2 numbers dragged by high costs, tepid revenue growth: Analysts

Reliance Jio has seen a sharp rise in expenses, including payouts towards network costs, depreciation & amortisation (D&A), employee and selling costs in the September quarter, which limited the growth in operating margins, analysts said.

They, in fact, expect Jio’s D&A costs to mount further once 5G spectrum amortisation starts over the next few quarters.