Reliance Jio Q2 net profit at ₹990 crore; ARPU falls to ₹120

NEW DELHI : Reliance Jio Infocomm Ltd, India’s newest and only profitable telecom operator, posted a net profit of ₹990 crore in the September quarter, up 45.4% year-on-year, as data consumption surged on the back of more subscribers onboarding the network.

The company’s operating revenue rose 33.7% year on year to ₹12,354 crore.

Despite the growth in operating revenue, its average revenue per user fell for the seventh consecutive quarter as most of the subscribers added were low-paying users.