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<\/span><\/figcaption><\/figure>New Delhi: Jio Platform Ltd's (JPL) fiscal second-quarter net profit rose 27% from a year earlier, helped by lower spectrum usage charges (SUC), a surge in customer additions and higher data consumption by users.

For the July to September quarter, JPL's consolidated net profit rose to Rs 4,729 crore from Rs 4,530 crore in the April-June period and Rs 3,728 crore in the second quarter of last fiscal year, the company said on Friday.

The profit fell short of the Rs 4,811 crore average of analyst estimates compiled by ET, which an analyst attributed to lower-than-expected growth in the company’s average revenue per user (ARUP).

The Reliance Industries subsidiary posted a nearly 23% increase in revenue at Rs 28,506 crore.

Reliance Jio<\/a> Infocomm, the telecom<\/a> unit of Jio Platforms, added 7.7 million users to its 4G network in the past quarter, taking its subscriber base to 427.6 million as on September 30. Quarterly ARPU, a key performance parameter, improved to Rs177.20 from Rs175.70 in the fiscal first quarter, due to better seasonality and improving subscriber mix, the company said.

\"We saw consistent net subscriber additions and higher engagement in digital services segment. Jio has announced beta trial for its industry-leading standalone 5G services and is making rapid progress for an ambitious and the fastest ever roll out of True 5G on pan-India basis,\" Reliance Industries chairman Mukesh Ambani<\/a> said in a news release.

\"Telcos'<\/a><\/figure>

Telcos' FY2Q to benefit from lower SUC: Analysts<\/a><\/h2>

Reliance Jio is expected to have stronger customer additions, as compared to a modest estimate for Bharti Airtel, while Vodafone Idea will continue to lose users, say analysts.<\/p><\/div>


\"\"
<\/span><\/figcaption><\/figure>New Delhi: Jio Platform Ltd's (JPL) fiscal second-quarter net profit rose 27% from a year earlier, helped by lower spectrum usage charges (SUC), a surge in customer additions and higher data consumption by users.

For the July to September quarter, JPL's consolidated net profit rose to Rs 4,729 crore from Rs 4,530 crore in the April-June period and Rs 3,728 crore in the second quarter of last fiscal year, the company said on Friday.

The profit fell short of the Rs 4,811 crore average of analyst estimates compiled by ET, which an analyst attributed to lower-than-expected growth in the company’s average revenue per user (ARUP).

The Reliance Industries subsidiary posted a nearly 23% increase in revenue at Rs 28,506 crore.

Reliance Jio<\/a> Infocomm, the telecom<\/a> unit of Jio Platforms, added 7.7 million users to its 4G network in the past quarter, taking its subscriber base to 427.6 million as on September 30. Quarterly ARPU, a key performance parameter, improved to Rs177.20 from Rs175.70 in the fiscal first quarter, due to better seasonality and improving subscriber mix, the company said.

\"We saw consistent net subscriber additions and higher engagement in digital services segment. Jio has announced beta trial for its industry-leading standalone 5G services and is making rapid progress for an ambitious and the fastest ever roll out of True 5G on pan-India basis,\" Reliance Industries chairman Mukesh Ambani<\/a> said in a news release.

\"Telcos'<\/a><\/figure>

Telcos' FY2Q to benefit from lower SUC: Analysts<\/a><\/h2>

Reliance Jio is expected to have stronger customer additions, as compared to a modest estimate for Bharti Airtel, while Vodafone Idea will continue to lose users, say analysts.<\/p><\/div>