NEW DELHI: Reliance Industries’ telecom unit Jio on Friday posted a 62.45 per cent yearly rise in profit at Rs 1,350 crore for the December quarter. Average revenue per user (Arpu) fell to Rs 128.40 from Rs 130 in the December quarter of 2018.
The company’s Ebitda increased 38.20 per cent to Rs 5,601 crore during the period under review.
Total capitalisation of Jio Platforms stood at Rs 1,70,000 crore, Reliance said in a regulatory filing.
Mukesh Ambani, Chairman and Managing Director, said: “To drive the next leg of growth, a truly transformational and disruptive digital services company has been set-up, which will bring together India’s No.1 connectivity platform, leading digital app ecosystem and world’s best tech capabilities, for creating a truly Digital Society for each Indian.”
Jio’s parent Reliance Industries beat Street estimates in December quarter earnings, as it posted 13.55 per cent year-on-year (YoY) rise in profit at Rs 11,640 crore on robust growth in telecom and retail verticals.
