Published By: Business Desk
Last Updated: October 27, 2023, 20:31 IST
Reliance Jio Q2 Results. (Representative picture)
Reliance Jio Q2 Results: Its income from operations got here in at Rs 24,750 crore, rising 9.89 % 12 months on 12 months
Jio Infocomm, the telecom division of Reliance Industries, on October 27 reported standalone internet revenue for the quarter ended September at Rs 5,058 crore, registering a development of 12.10 % 12 months on 12 months. Compared to the earlier quarter, it climbed 4 %, helped by larger income.
Its income from operations got here in at Rs 24,750 crore, rising 9.89 % 12 months-on-12 months. Sequentially, it rose 2.94 % from Rs 24,042 crore within the earlier quarter, the telecom main stated in launch.
Operating margin of the corporate improved 10 foundation factors 12 months on 12 months to 26.4 %. Its revenue margin rose 40 foundation factors to 17.40 %.
“Jio True5G will soon be available pan-India to usher in a new digital era for Indians. JioAirFiber has seen very strong customer interest and is set to transform broadband infrastructure in the country by offering fiber like digital experience to homes and small enterprises. Ubiquitous 5G, JioBharat and JioAirFiber are three big growth engines for Jio which would accelerate market share gains and profitability,” stated Akash M. Ambani, Chairman of Reliance Jio Infocomm.
Jio Platforms Q2
Jio Platforms, which incorporates Jio’s digital enterprise together with telecom, reported internet revenue for the quarter at Rs 5,297 crore, up 12 % YoY from Rs 4,729 crore. Revenue from operations got here in at Rs 26,875 crore, up 10.7 % YoY. The firm’s EBITDA jumped 12.6 % to Rs 13,528 crore. EBITDA margin improved 80 foundation factors to 50.3 %.
Average income per consumer (ARPU) per 30 days of the corporate improved 2.5 % YoY to Rs 181.7. It was at Rs 177.2 in Q2FY23 and Rs 180.5 in Q1FY24.
“Operating revenue (net of GST) growth was driven by industry leading subscriber growth across mobility and homes and scale-up of digital platforms,” the corporate stated in a launch. “ARPU increased driven by better subscriber mix across mobility and wireline partially offset by start of 5G services.”
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