Reliance Jio Q2 earnings: Key things to watch out for
Reliance Jio Infocomm Ltd, India’s newest and only profitable telecom operator, is expected to witness a further decline in its average revenue per user given that a chunk of its subscriber additions in the September quarter could be low-paying users.
Jio’s parent Reliance Industries will announce its financial results for July-September quarter later today.
The company’s subscriber base as of June end was 331.3 million. It had reported a profit of ₹8.91 billion in the June quarter, up 45.6% year-on-year and an operating revenue of ₹116.79 billion rupees, up 44% on year.