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Home Business Reliance Jio's Net Profit Leaps To Rs 3,489 Crore In December Quarter

Reliance Jio’s Net Profit Leaps To Rs 3,489 Crore In December Quarter

Common income per consumer rose to ₹151 per subscriber per thirty days.

Reliance Industries’ telecommunications subsidiary Reliance Jio’s clocked a consolidated internet revenue of ₹ 3,489 crore, a of 15.5 per cent quarter-on-quarter enhance, within the December (Q3) quarter on Friday. The telecom firm recorded a internet revenue of ₹2,844 crore in the course of the September quarter. Within the quarter-over-quarter phrases, Jio’s revenue was Rs 1,350 crore.

In the course of the December quarter of FY21, the typical income per consumer (ARPU) rose to ₹151 per subscriber per thirty days from ₹145 within the earlier quarter. Reliance Jio’s whole buyer base was 410.8 million as on December 31, 2020.

Whole income, together with entry revenues for the quarter, was Rs 22,858 crore — up 5.3 % quarter-over-quarter.

Earnings earlier than earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) for the quarter clocked Rs 8,483 crore — up 6.4 per cent quarter-over-quarter. EBITDA margin got here at 37.1 per cent

In the course of the December quarter, Jio Platforms raised 33,737 crore by issuing fairness shares to Google Worldwide LLC.

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