Reliance Jio Net Profit Jumps 62% To Rs 1,350 Crore In December Quarter

INSUBCONTINENT EXCLUSIVE:
Reliance Jio had reported a net profit of Rs 831 crore in the same quarter a year ago.Reliance Jio reported a 62 per cent jump in net profit
at Rs 1,350 crore for the quarter ended December 2019, the company said in a statement
operations rose by 28 per cent to Rs 13,968 crore during the same period, compared to 10,884 crore in the same period last year.The average
revenue per user (ARPU), a key metric of profitability for telecom companies, came in at Rs 128.4 per month versus Rs 120 per month in the
previous quarter
Reliance Jio added 37 crore subscribers during the quarter, as per the statement issued by the telecom operator.Commenting on the results,
overwhelming customer response for best in class mobile connectivity services
We are delivering on our promise to be the driver of digital revolution in the country."Total wireless data traffic during the quarter was
1,208 crore giga bytes and total voice traffic during the quarter was 82,640 crore minutes.Meanwhile, Reliance Industries posted record