Jio Platforms Net Income Increases Almost 25% to $ 502 Million

Jio Platforms’ second-quarter net income increased nearly 25% year-on-year to 3,728 chlores, or about $ 502 million, and customer demand is slowly returning to pre-COVID levels, the company said. I am.

“We are pleased that Reliance performed strongly in the second quarter of 2010 as the pandemic receded, demonstrating the unique strengths of our business and the strong recovery of the Indian and global economies. All businesses reflect growth beyond pre-COVID levels, said Reliance Industries Chairman and Managing Director Mukesh Ambani.

The holding company of Reliance Jio, India’s largest telephone company, also reported total sales of 23,222 chlores and $ 3.1 billion, about 15% higher than last year’s performance. Interest, taxes, depreciation and profit before amortization (EBITDA) increased 16.6% to 9,294 chlores, or $ 1.3 billion.

As of the end of September, Jio Platforms said it was ashamed of 430 million users. Almost 23.8 million new users are in its customer base.

Average monthly revenue per user for the quarter was £ 143.60, with total data traffic up about 51% to 23 billion GB and voice up 17.6% to 1.09 trillion. .. For each user, this is equivalent to 17.6 GB and 840 minutes of monthly data usage.

Jio Platforms added that Jio Fiber currently has more than 4 million connected facilities and Jio’s fiber optic network is currently physically located outside the 16 million facilities.

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