Business

Net Profit Rises, Margin Expands

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Reliance Jio Infocomm Ltd.’s second-quarter profit rose and its average revenue per user inched to an all-time high.Net profit of the Reliance Industries Ltd.-owned telecom operator increased 4% sequentially to Rs 4,518 crore in the quarter ended September, according to a statement.Reliance Jio Q2 FY23 Highlights (QoQ)Revenue rose 3% to Rs 22,521 crore.Operating profit increased 5% to Rs 11,489 crore.Ebitda margin expanded to 51% fro…



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