Reliance Jio grosses ₹2,844 crore in Q2 2020

More From Author

See more articles

Get Free Xbox Redeem Codes Now! Don’t Miss Out...

Are you ready to elevate your gaming experience without spending a dime? If you’re an Xbox enthusiast,...

BGMI Redeem Codes Drop on 7th July 2025: Unlock...

Unlock Exclusive Skins and Gear Now! has just released a fresh batch of exclusive redeem codes on...

A Complete Manual for Chetak Lottery Result Today in...

Chetak Lottery is fast becoming the most popular choice among lotto enthusiasts in India, offering an exciting...

Mukesh Ambani backed Reliance Jio has made some amazing revenue figures for the quarter that ended on September 2020. The subsidiary of the Reliance Industries has managed to gross ₹2,844 crore, which is an increase of 185% year-on-year for the Q2FY21. 

Not many companies have received the COVID-19 pandemic in a positive way, however, Reliance Jio did manage to not only grab ₹ 152,056 crore investment, but also, post a profit of ₹2,844 crore. It also managed to grab a consolidated net profit of ₹ 3,020 crore, which is almost 19.8% increase than last quarter.

The net profit was ₹2,520 crore in the June quarter and this marks another sequential increase in profits over each quarter. The gross revenue for the last quarter ended in with a sequential growth of 5.9% for a total of ₹17,481 crore.

The consolidated revenue from operations, including access revenues, grew by 7.2% to ₹ 18,496 crore. The ARPU during the last quarter was ₹ 145.0 per subscriber per month, a healthy increase from last quarter’s ₹140.3 ARPU or average revenue per user.

The total wireless data traffic during the quarter was 1,442 crore GB whereas the total voice traffic during the quarter was 93,223 crore minutes. Obviously the spike in revenue and usage is mostly due to the fact people have shifted online form of education to work, helping Jio to broaden its services for customers.

via Jio Press Release

Do check out:

😎TechnoSports-stay UPDATED😎

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

━ Related News

Featured

━ Latest News

Featured