 "jio, reliance, ril")
Led by better-than-expected growth in subscribers as well as per-user revenues, Reliance Jio outperformed both the street expectations as well as peer Bharti Airtel on the operational front. While Bharti lost subscribers because of the pandemic, especially at the entry level, Reliance Jio managed to improve its tally by nearly 3 per cent on a sequential basis.
Most analysts expected the company to report a flattish subscriber base given the ongoing consolidation of SIM cards and lack of physical recharge options.
The other metric that helped drive the Q1 show was a 7 per cent sequential uptick in average revenue
