Jio may report 1st net profit fall in 7 quarters: Analysts

Reliance Jio may report a 10% sequential fall in net profit in the fiscal first quarter - first drop in seven quarters - stung by a combination of falling average revenue per user (ARPU) and mounting operating costs, post-creation of infrastructure investment trusts (InvITs), say analysts.

Its ARPU, a key performance metric, is estimated to drop below Airtel’s for the first time, triggered by low-revenue generating customer gains. Airtel's mobile services revenue in India is likely to see modest sequential rise, while Vodafone Idea’s is likely to stay flattish as the impact of minimum recharge plans is reckoned to have waned, analysts said.