Reliance Jio Q1 Outcomes: Web Revenue Rises 24%; Income Up 21.6% On Greater Per-Consumer Income

Final Up to date: July 22, 2022, 17:32 IST

Reliance Jio recorded revenues of Rs 21,873 crore for the April-June 2022 quarter.

Reliance Jio recorded revenues of Rs 21,873 crore for the April-June 2022 quarter.

The expansion in revenues throughout the quarter was pushed by improve in ARPU in addition to a modest addition to its subscriber base

Reliance Jio Infocomm, a subsidiary of Jio Platforms, reported a year-on-year progress of 23.8 p.c in its standalone internet revenue of Rs 4,335 crore for the quarter ended June 2022 (Q1FY23) in comparison with Rs 3,501 crore achieved a yr in the past.

On a sequential foundation, the revenue has grown 3.9 p.c from Rs 4,173 crore recorded within the January-March quarter. Jio Platforms is the digital unit of Reliance Industries.

The corporate recorded revenues of Rs 21,873 crore for the reported quarter, which is a progress of 21.6 p.c from Rs 17,994 crore a yr again. Sequentially, the revenues elevated 4.7 p.c on Rs 20,901 crore reported throughout the earlier quarter.

The expansion in revenues throughout the quarter was pushed by a rise in common income per person (ARPU) in addition to a modest addition to its subscriber base.

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