October 30, 2020
1 min read

Reliance Jio’s profits triple in Q2FY21

Telecom major Reliance Jio Infocomm on Friday reported a near three-fold rise in its standalone net profit for the July-September quarter at Rs 2,844 crore.

During the same period of last year, the company had reported a consolidated net profit of Rs 990 crore.

Jio’s revenue from operations during the period under review rose 33 per cent to Rs 17,481 crore.

Its total income for the second quarter of FY21 stood at Rs 17,678 crore, against Rs 13,157 crore earned during the corresponding period of the last financial year.

The company’s total customer base as on September 30, 2020 was 40.56 crore, with a growth of 1.8 per cent.

Its average revenue per user (ARPU) during the quarter was Rs 145 per subscriber per month.

Total wireless data traffic during the quarter was 1,442 crore GB with a growth of 1.5 per cent. Jio’s total voice traffic during the quarter wa 93,223 crore minutes.

The company said that it has become the only operator (outside China) to have reached the milestone of 40 crore subscribers in a single country market.

Wireless gross addition showed a strong sequential increase to 2.72 crore as lockdown restrictions began to ease during the quarter.

Also Read: JioMart could change industry dynamics

Previous Story

Fifteenth finance commission concludes deliberations

Next Story

‘Universe Boss’ becomes the first to score 1,000 sixes in T20 cricket

Previous Story

Fifteenth finance commission concludes deliberations

Next Story

‘Universe Boss’ becomes the first to score 1,000 sixes in T20 cricket

Latest from Business

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.
Go toTop