Q2 results: Reliance Jio logs 26.9% jump in net profit as Arpu rises

Gross revenue rises 22.8 percent annually to Rs 28,506 crore in second quarter

The country's largest mobile network operator, Reliance Jio, saw its net profit rise 26.9 per cent to Rs 4,729 crore year-on-year (YoY) in the second quarter of FY23, up from 24.1 per cent in the first quarter, led by an increase in revenue and data volumes.

Jio, which is carrying out beta trials of the 5G service, saw revenue growth of 22.8 per cent on a YoY basis, the company announced on Friday.

Jio Platforms, which act as the holding company for Jio and other digital businesses of the Reliance group, gained 7.7 million mobile subscribers in Q2. This was