Reliance Jio Network Cost Affected Profits in Q2 FY23
Reliance Jio recently announced its quarterly results for Q2 FY23. The telco said that its ARPU (average revenue per user) figure has risen to Rs 177, a 0.9% QoQ growth. As per ICICI Securities, the marginal growth of Jio's ARPU in Q2 FY23 is because of one extra day in the quarter. The telco's profits were affected negatively by cost inflation. The network costs for Jio rose by 5% QoQ... Read More