Q2 report card: Reliance Jio’s net profit up 2%, sharp jump in Arpu at Rs 143

Reliance Jio on Friday reported a mixed set of numbers for the July-September quarter, with revenue, profit and Ebidta largely in line with estimates, but slipping sharply on the net subscriber front where it saw a decline of 11.1 million users compared to the preceding quarter. Average revenue per user was much ahead of estimate.

The net profit increased 2.11% sequentially to Rs 3,728 crore. Jio’s revenue during the quarter was up 4.35% at Rs 19,777 crore, while Ebitda was up 4.52% at Rs 9,294 crore. The company’s Ebitda margin expanded to 47% compared to 46.9% during the preceding quarter.