Close Menu
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    TopBuzzMagazine.com
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    • Home
    • Movies
    • Television
    • Music
    • Fashion
    • Books
    • Science
    • Technology
    • Cover Story
    • Contact
      • About
      • Amazon Disclaimer
      • Terms and Conditions
      • Privacy Policy
      • DMCA / Copyrights Disclaimer
    TopBuzzMagazine.com
    Home»Technology»Reliance Jio Net Profit Rises to Rs
    Technology

    Reliance Jio Net Profit Rises to Rs

    By AdminMarch 31, 2023
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Reliance Jio Net Profit Rises to Rs

    India’s largest telecom operator Reliance Jio on Friday posted a 28 percent year-on-year rise in its net profit for the September quarter at Rs. 4,518 crore, as subscriber additions and ARPU boosted realisations.

    Its net profit stood at Rs. 3,528 crore in the same period previous fiscal, the telco said in a regulatory filing.

    The revenue from operations of Reliance Jio Infocomm (RJIL) increased 20.2 percent to Rs. 22,521 crore for the just-ended quarter from Rs. 18,735 crore in the year-ago period.

    The Q2 scorecard comes amid large-scale network deployments across the country for 5G services, the much-talked-about next-generation technology that promises to ring in a new era of turbocharged speeds, lag-free connectivity, and new-age applications in India, the world’s second-biggest smartphone market after China.

    RJIL parent firm Jio Platforms (JPL) net profit increased by about 27 percent to Rs. 4,729 crore during the reported quarter from Rs. 3,728 crore it recorded in the September 2021 quarter.

    The revenue from operations of JPL, which holds both telecom and digital business, grew by 22.7 percent to Rs. 24,275 crore from Rs. 19,777 crore in the year-ago quarter.

    The average revenue per user (ARPU) of the company during the quarter improved by 23.5 percent on a year-on-year basis to Rs. 177.2 per subscriber per month. Sequentially too, its ARPU — a key metric for telecom companies — rose from Rs. 175.7 in the June quarter.

    The total customer base of JPL stood at 42.76 crore as of September 30.

    During the reported quarter, average data consumption per user per month increased to 22.2GB while per capita voice consumption was 969 minutes.

    The total data traffic on Jio Network grew 22.7 percent to 28.2 billion GB.

    During the quarter, Jio acquired the right to use 25,040MHz technology agnostic spectrum for a period of 20 years for Rs. 88,078 crore which has to be paid over 20 equated annual instalments, with interest computed at 7.2 percent per annum.

    The annual payment that the company will need to make with an interest rate of 7.2 percent comes to Rs. 7,877 crore.

    Earlier this month, Jio announced it will start the beta trial of its 5G services in four cities of Delhi, Mumbai, Kolkata and Varanasi from October 5 with a select set of customers.

    “Post the successful demonstration of its True-5G services at the India Mobile Congress 2022, Jio announced the beta trial of its True-5G services on the auspicious occasion of Dussehra. Jio aims to complete its pan India 5G rollout by December 2023,” the company said.

     

    Affiliate links may be automatically generated – see our ethics statement for details.

    Read The Full Article Here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Insiders describe Linda Yaccarino's tumultuous partnership with Elon Musk and say the two failed to gel as Musk's blunt style clashed with Yaccarino's polish (Financial Times)

    July 13, 2025

    Amazon Prime Day Sale 2025: Best Deals on TWS Earphones Under Rs. 10,000 in India

    July 12, 2025

    Best Prime Day Laptop Deals 2025: MacBooks, Chromebooks, and More

    July 12, 2025

    HMD says it will "scale back" US operations, citing "a challenging geopolitical and economic environment", and appears to have stopped US sales of Nokia devices (Dominic Preston/The Verge)

    July 11, 2025

    Ray-Ban Meta Glasses Successor’s Design Leaked via Alleged Renders; Launch Slated for This Year

    July 11, 2025

    The Best Prime Day MacBook Deal Is Not the One You Think

    July 10, 2025
    popular posts

    Interview with Ray Deptula, Author of Damned Yankees

    Sports stars promoting crypto coins and exchanges with little knowledge highlight the lack of mechanisms for consumers to distinguish opportunities from scams (Andrew Lawrence/The Guardian)

    What Are The Mental Health Benefits — and Drawbacks —

    Discover the radical energy of this unsettling psychodrama

    Scream 6 Shocker: Neve Campbell Declines Return After Lowball Offer

    Secret industry documents reveal that makers of PFAS ‘forever chemicals’

    These beautiful sculptures are watching over the Great Barrier Reef

    Categories
    • Books (3,284)
    • Cover Story (4)
    • Events (18)
    • Fashion (2,447)
    • Interviews (43)
    • Movies (2,583)
    • Music (2,861)
    • News (155)
    • Politics (1)
    • Science (4,433)
    • Technology (2,576)
    • Television (3,306)
    • Uncategorized (932)
    Archives
    Facebook X (Twitter) Instagram Pinterest YouTube Reddit TikTok
    © 2025 Top Buzz Magazine. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms of Use and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT