Jio posts Rs 990 cr net profit in Q2

Reliance Jio on Friday posted Rs 990 crore net for Q2 ending September, a year-on-year growth of 45.4 per cent on a standalone basis.

It has become the world's second largest single country operator with over 350 million subscribers, the company said in a statement on its Q2 result.

Jio crossed Ebitda of Rs 5,000 crore with 41.8 per cent margin and is on track to achieve 50 per cent margin.

Its Average revenue per user (Arpu) was Rs 120 during Q2 and its data traffic grew 56 per cent year on year.IANS