Reliance Jio revenue up 24% to Rs 3,728 crore in July-September quarter

Reliance Jio Q2 earnings: Web revenue up 24 per cent to Rs 3,728 crore

Reliance Jio, the telecom arm of Mukesh Ambani-owned Reliance Industries, reported 24 per cent progress in web revenue on a consolidated foundation at Rs 3,728 crore within the second quarter of the present fiscal, as towards 3,019 in the identical interval final 12 months. crore was Rs. ,

In line with a regulatory submitting by the corporate, Jio Platforms’ income from operations stood at Rs 23,222 crore within the July-September quarter of FY 2021-22, registering a progress of 15.2 per cent as in comparison with Rs 21,708 crore within the year-ago interval . For BSE on Friday, 22 October.

Reliance Jio recorded a complete subscriber base of 429.5 million and a year-on-year web progress of 23.8 million subscribers as of September 30. Jio’s common income per consumer (ARPU) – a key metric to judge the efficiency of a telecom firm, rose to Rs 143.6 per consumer monthly from Rs 138.4 within the earlier April-June quarter.

The corporate’s EBITDA (earnings earlier than curiosity, tax, depreciation and amortization) for the September quarter stood at Rs 9,294 crore, registering a year-on-year progress of 16.6 per cent as in comparison with Rs 7,971 crore in the identical quarter final 12 months.

Through the forty fourth Annual Common Assembly (AGM) of Reliance Industries introduced an reasonably priced, customer-friendly smartphone – JioPhone Subsequent in affiliation with Google. The smartphone is powered by a personalized model of the Android working system (OS), collectively developed by Google and Jio for the market in India.

In line with a Reliance assertion, each Jio and Google are working to make JioPhone Subsequent extra extensively accessible for the Diwali festive season.

JioFiber has over 4 million linked premises and repeatedly improves buyer engagement each month. Jio’s optical-fibre community is now current exterior 16 million premises, which is able to assist meet the demand for fastened broadband providers.

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