Reliance Jio Q2 net profit soars to ₹2,844 crore; Arpu rises to ₹145

Reliance Jio Infocomm Ltd on Friday reported a net profit of ₹2,844 crore for the September quarter versus ₹990 crore a year ago driven by higher operating revenue, addition to subscriber base and lower net finance cost.

The Reliance Industries Ltd (RIL) telecom subsidiary’s subscriber base increased to 405.6 million from 398.3 million as of 30 June. Jio is India’s largest telecom operator by market share. The company is the “first operator outside China to have 400 million subscribers in a single-country market,” the Mukesh Ambani company said in a statement.

The average revenue per user (Arpu) rose to ₹145 from ₹140 in the June quarter and ₹120 a year ago, as work from home drove data consumption higher. Total wireless data traffic rose 20% year-on-year (y-o-y) to 1,442 crore gigabyte during the quarter.