Reliance Jio Posts 28% YoY Rise In Q2 PAT At <span Class='webrupee'>₹</span>4,518 Cr, Revenue Climbs 20%

However, the telecom major garnered revenue of ₹22,521 crore in Q2FY23 increasing by 20.20% compared to a revenue of ₹18,735 crore in Q2FY22. The revenue was up by 2.96% against ₹21,873 crore in Q1 of the current fiscal.

During the second quarter of FY23, the company's value of services climbed to ₹26,519 crore compared to ₹22,048 crore in Q2FY22 and ₹25,725 crore in Q1FY23.

In the quarter, the company's total expenses stood at ₹16,571 crore compared to ₹14,018 crore in Q1FY22 and ₹16,137 crore in Q1FY23.

EBITDA stood at ₹12,011 crore in Q2FY23 up by 29.2% from ₹9,294 crore in Q2FY22. In Q1FY23, the company posted an EBITDA of ₹11,424 crore. EBITDA margin improved to 49.5% in Q2FY23 versus 47% in Q2FY22 and 48.7% in Q1FY23.

ARPU for the second quarter of FY23 came in at ₹177.2 per subscriber per month --- a healthy growth of 23.5% yoy.

During the quarter, total data traffic was at 28.2 billion GB recording a 22.7% growth yoy. Meanwhile, total voice traffic was at 1.23 trillion minutes higher by 12.3% yoy.

As of September 30, 2022, the customer base stood at 427.6 million.

For the six months of FY23, the company's net profit and revenue rose to ₹8,853 crore and ₹44,394 crore respectively.

The company has basic earnings per share of ₹1.01 per share as of September 30, 2022, rising from ₹0.78 per share in Q2FY22 and ₹0.96 per share in Q1FY23.

Jio recorded a strong rise in its net worth. As of September 30, 2022, the company's net worth stood at ₹1,61,644 crore.

Earlier this month, Jio launched the beta trial of its True-5Gservices for Jio users in four cities Mumbai, Delhi, Kolkata, and Varanasi. The users will get unlimited 5G data with up to 1 Gbps plus speed. RJio also announced that the beta trial service for other cities will be announced progressively as cities keep getting ready.