Reliance Jio Q3 results : Net profit rises 26% YoY to ₹6,861 crore; Arpu at ₹203.3

Reliance Jio Infocomm Ltd, the telecom arm of Mukesh Ambani’s Reliance Industries Ltd, surpassed analyst expectations on net profit, revenue and average revenue per user (Arpu) in the December quarter on the back of higher AirFiber customer uptake and mobile users returning to the fold.

The company reported a 4.9% quarter-on-quarter (q-o-q) rise in consolidated net profit for the third quarter to ₹6,861 crore. Consolidated revenue from operations rose 4.3% sequentially to ₹33,074 crore.