Reliance Jio Q1 net profit up by 23.8% at INR 4336 crore

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Growth in revenues during the quarter was driven by an increase in average revenue per user.

Highlights:

• Standalone net profit up by 23.8% y-o-y, at INR 4336 crore compared to INR 3501 crore last year
www.newsbarons.com• Revenues stood at INR 21873 crore for the reported quarter, growth of 21.6% compared to INR 17994 crore a year back.
• Growth in revenues during the quarter was driven by an increase in average revenue per user (ARPU), as well as a modest addition to its subscriber base.
• EBITDA for the quarter up by 27.2% at INR 10,964 crore, compared to INR 8,617 crore last year