The net profit of Reliance Jio triples in the second quarter, earnings up by 33 percent!


Net profit of Reliance Jio, the country's largest telecom company, tripled to Rs 2,844 crore in the second quarter of the current financial year. The main reason for this is the increase in average revenue per user of the company. In a presentation to the investors after declaring the results, the company also gave this information to its total number of users increased to 40.56 crores in the reporting period. Jio has become the first telecom company outside China to have more than 400 million subscribers in a single market.

The company said that the Fiber Trust, together with Abu Dhabi Investment Authority and The Public Investment Fund, has bought a stake of Rs 3,779–3,779 crore. In the information given to the stock market, the company said that its profit in the quarter ended September 30 was Rs 2,844 crore. The company had a net profit of Rs 9900 crore in the same quarter last year. The company's operating income grew 33 percent to Rs 17,481 crore during the period under review. The income of the company during the same period of 2019-20 was Rs 13,135 crore.

The company said that its average revenue per user (ARPU) during the review period was Rs 145. The ARPU of the company was Rs 127.4 in the same period of the previous financial year, compared to Rs 140 million in the previous quarter. During this period, the net profit of Jio platforms increased by 20 percent to Rs. 3,020 crore. It was Rs 2,5250 crore in the previous quarter. Under the Jio platforms itself, Jio's various app and telecommunications company Jio's business comes.