Reliance Jio Q2 Results: 27% Growth in YOY to Rs 4,729 Crore

Image Credit: JIO Twitter

By Nitin

Infokerala.org

Reliance Jio on Friday released their Q2 Results till September 2022 in which their revenue tose to 22,521 crores.

Image Credit: JIO Twitter

Reliance Jio recorded a net profit of Rs 4,518 crore which is nearly 20.2% year-on-year (YOY) growth for the September quarter.

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However, Economic Times (ET) Now poll had estimated Reliance Jio Q2 net profit of 4,629 crores.

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Good News is that Jio's margin cost has improved from 26.3% to 26.2% in this second quarter.

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Reliance Jio's debt-equity ratio is increased to 0.18 while the EBITDA margin is also improved.

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During the second quarter they added 7.7 million subscribers which makes their total subscribers stand at 42.7 crores.

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ARPU i.e Average Revenue per User rose to 177.2 from 175.7 which stood a quarter ago.

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Its EBITDA i.e Earnings Before Interest, Taxes, Depreciation, and Amortization grew 29% on year to Rs 12,011 crores.

Image Credit: JIO Twitter