Reliance Jio has reported a net profit of Rs 28.44 billion during the quarter ended (QE) September 2020, recording a year-on-year (YoY) increase of 185 per cent. On a quarter-on-quarter (QoQ) basis, the net profit increased by 13 per cent from Rs 25.2 billion in QE June 2020.
Meanwhile, the revenue during the quarter under consideration stood at Rs 174.81 billion, recording a QoQ growth of 5.9 per cent. Further, the average revenue per user (ARPU) increased from Rs 140.3 during the QE June 2020 to Rs 145 during the QE September 2020.
Wireless gross addition showed a strong sequential increase to 27.2 million as lockdown restrictions began to ease during the quarter. The average wireless data consumption per user per month stood at 12 GB and average voice consumption was at 776 minutes per user per month during the QE September 2020.
According to the company, Jio has become the only operator (outside China) to have reached the 400 million subscribers milestone in a single country market.
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