Reliance Jio net profit up 8%, Arpu rises to Rs 140

Reliance Jio on Thursday posted a growth of 8.1% in the net profit at Rs 2,520 crore in the April-June quarter, slightly lower than analysts expectations. The company’s revenues during the quarter were up 11.6% at Rs 16,557 crore compared to the preceding quarter on the back of increasing subscriber addition and full impact of tariff hike undertaken in December, 2019. The Ebitda was up 17.4% at Rs 7,281 crore, while Ebitda margin came in at 44% improving 220 basis points during the quarter due to operating leverage and cost efficiencies.

The company’s Ebitda and revenue were in line with analyst estimates for the quarter.