NEW DELHI: Reliance Jio Infocomm, the telecom arm of Reliance Industries, on Friday posted a sequential growth of 1.20 per cent in net profit at Rs 510 crore for the March quarter.
The company had logged a net profit of Rs 504 crore in October-December of 2017.Operating revenue went up by 3.60 per cent yoy to Rs 7,120 crore during the quarter under review.
Average revenue per user (ARPU) during the quarter stood at Rs 137.10.
ARPU during the quarter stood at Rs 137.1 against Rs 154 in the sequential quarter .
Reliance Jio Arpu declined because of price revision in January.Ebitda rose 2.50 per cent to Rs 2,694 crore in the fourth quarter.
Mukesh Ambani, Chairman and Managing Director, Reliance Industries, in a release said, The strong financial results of Jio in a competitive market environment demonstrates the robustness of the Jio business model and ability to offer the most value to our customers and partners.
Jio has demonstrated that it can scale and sustain its strong financial performance.The company posted positive net profit of Rs 723 crore in the first year of commercial operations.Reliance said Jio was now the world's largest data network.