Moneycontrol
Oct 13, 2017 06:10 PM IST | Source: Moneycontrol.com

Reliance Jio posts Rs 6,147-crore revenue in Q2, net loss at Rs 270.6 crore

The average revenue per user (ARPU) for the period was at Rs156.4 per subscriber per month. The telecom player added 15.3 million new users during the quarter taking the total subscriber number to 138.6 million at the end of September 30.

Reliance Jio posts Rs 6,147-crore revenue in Q2, net loss at Rs 270.6 crore

Moneycontrol News

Reliance Jio reported a revenue of Rs 6,147 crore in the second quarter ended September 30, 2017.  The net loss for the quarter was Rs 270.6 crore.

The average revenue per user (ARPU) for the period was at Rs 156.4 per subscriber per month. The telecom player added 15.3 million new users during the quarter taking the total subscriber number to 138.6 million at the end of September 30.

The earnings before interest and tax (EBIT) came to Rs 261 crore for the same period.

“We are focused on providing multi-layered digital services on top of the basic connectivity service to optimally utilise our world-class infrastructure. The strong financial results of Jio demonstrates the robust business model of Jio and the significant efficiencies that the Company has built through its investment in the latest 4G technology and right business strategy,” Reliance Chairman and Managing Director Mukesh Ambani said in a statement.

The standalone earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter came at Rs 1,443 crore and the EBITDA margin came in at 23.5 percent.

For the second quarter, Jio reported a 267 crore minutes per day voice traffic while the wireless data traffic stood at 378 crore GB.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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