09 billion, the company said. Jio’s subscriber base swelled to nearly 139 million at the end of September.05 billion, Thomson Reuters data showed.Net profit was Rs 82.end-ofTags: reliance jio, reliance industries, ril, mukesh ambani, jiofoLocation: IndiaRelated StoriesReliance Jio Q2 loss at Rs 270.“Now what investors are thinking is how they will scale up their ARPU from Rs 156 to, say, Rs 180.Oil-to-retail giant Reliance, controlled by India’s richest man Mukesh Ambani, suggested there were signs its costly gamble was paying off. (Photo: AFP)Mumbai: Reliance Industries Ltd’s telecoms arm Jio will turn profitable “shortly,” the Indian conglomerate said on Friday, while adding it would continue to pump around $1 billion into the venture for each of the next few quarters.1 percent. 30, its highest ever.aunched late last year with free voice and cut-price data, sparking a price war in India’s cut-throat telecoms sector.Reliance Jio is telecom arm of energy giant Reliance Industries led by richest Indian Mukesh Ambani.On a consolidated basis, which also includes Reliance Industries’ U.

The country’s top wireless carrier Bharti Airtel’s ARPU was Rs 154, while smaller rival Idea Cellular’s APRU stood at Rs 141 in the April-June quarter.47 billion ($947 million) of revenues in the three months to Sept. 30, though made a loss of Rs 2.0 for the quarter, a nine-year high, but shrunk to $3.”Core operationOn a standalone basis, including just its refining, petrochemicals and oil and gas exploration businesses, Reliance posted a 7. shale gas, retail and other operations, profit came in at Rs 81.4.5 percent rise in quarterly revenue from operations to Rs 717.71 billion.S.Jio launched late last year with free voice and cut-price data, sparking a price war in India’s cut-throat telecoms sector which has driven down margins and forced consolidation.7, rising as much as 2. Jio racked up Rs 61. Reliance has poured more than $30 billion into Jio so far.Gross refining margin (GRM), the profit earned on each barrel of crude processed, was $12.“It will not be a surprise if they break-even or turn a profit in the last quarter of this financial year,” said Jagannadham Thunuguntla, head of fundamental research at domestic brokerage Karvy.To woo customers to Jio’s network, Reliance in July launched a $23 phone that blurs the lines between a smartphone and a basic feature phone.61 billion. But that was below analysts’ average estimate of Rs 88.5 croreJio's 'Diwali Dhan Dhana Dhan' offer promises 100 per cent cashbackReliance Jio's new plan offers 100 per cent cashback on Rs 399.

Reliance will continue to spend around Rs 70 billion a quarter on Jio for the next few quarters, Anshuman Thakur, Reliance Jio’s head of strategy said.7 China granulation screw barrel per barrel against the benchmark Singapore complex margins due to a falling price difference between light and heavy crude oil grades, Srikanth said.The wireless carrier reported an average revenue per user (ARPU) of Rs 156.“I can only see it (net income) turning positive very shortly,” joint Reliance finance chief V Srikanth said, as the group disclosed Jio’s bottom line for the first time.65 billion in the quarter to Sept.Jio’s net debt stood at Rs 490 billion, Srikanth said, adding that parent Reliance’s debt will peak in the quarter to December or the next quarter, after which it will begin sliding, suggesting robust growth for the conglomerate.The refining and petrochemicals businesses delivered an 11.Last quarter, the company outperformed Singapore’s benchmark GRM by around $5 per barrel.3 percent rise in its second-quarter profit, helped by higher margins from its refining and petrochemicals.Ahead of the results, shares in Reliance hit a record high of Rs 890.Earlier this month, it also launched a guaranteed buyback offer for Jio customers buying Apple Inc’s latest iPhones.