This is the first time the Mukesh Ambani-owned company has declared earnings since starting operations in September last year. MUMBAI | NEW DELHI: Reliance Jio Infocomm posted a net loss of Rs 270.59 crore for the quarter ended September on revenues of Rs 6,147 crore and surprised the market by reporting a positive earnings before interest and tax (EBIT), helped by strong user additions and cost efficiencies. This is the first time the Mukesh Ambani-owned company has declared earnings since starting operations in September last year. V Srikanth, joint CFO of RIL, told reporters the new entrant expects to turn profitable at the net level “very shortly”, with average revenue per user (ARPU) — a key performance parameter — likely to improve as the new entrant raises its rates going forward and Jio continues to leverage its cost advantages due to investments in 4G technology. Jio’s ARPU stood at Rs 156.4 compared with Rs 154 that market leader Bharti ...