Fri. Mar 29th, 2024
Reliance Jio

Reliance Industries’ quarterly net profit rose 17.3% to Rs 9,435 crore as the conglomerate turned a new leaf, with its booming petrochemicals business delivering higher earnings than refining for the first time in a decade while the newer retail and telecom ventures grew briskly in the improved economic environment.

Total wireless data traffic during the quarter was 506 crore GB and total voice traffic was 37,218 crore minutes.

“A full-blown social, mobile and digital revolution is underway across the world, and I am glad that India is not being left behind in any way with the advent of Jio. Everyone at Jio is today proud to have played a pivotal role in transforming the digital landscape of this country and empowering millions of Indians with all the leading digital tools and skills. Jio is offering the “power of data” to each Indian to fulfil every dream and to collectively take India to Global Digital Leadership,” said Mukesh D Ambani, Chairman and Managing Director, RIL.

The telco’s average revenue per unit or ARPU fell sequentially at Rs 137.1 per subscriber per month, triggered by the sharp cut in its base offer to JioPhone users at Rs 49 per month and users moving to lower priced bundled plans.

Jio said that its total wireless data traffic during the quarter stood at 506 crore GB, while total voice traffic during the quarter of 37,218 crore minutes.

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