Reliance Jio beats Street, tariff hike lifts Arpu after three quarters

New Delhi: Reliance Jio Infocomm, the telecom operations of Mukesh Ambani’s Reliance Industries, surpassed analyst expectations on multiple fronts—net profit, Ebitda, average revenue per user (Arpu)—as it reported strong numbers in the September quarter.

The company reported a 14.76% quarter-on-quarter (q-o-q) rise in consolidated net profit for the second quarter to ₹6,539 crore. Consolidated revenue from operations rose 7.67% q-o-q to ₹31,709 crore.