Jio has posted a net profit of Rs. 612 crores for the first quarter just a day after arch rival Airtel reported a drop in net income . The Jio quarterly revenue stood at Rs. 8,109 crores as for June 30, 2018, with an ARPU (average revenue per user) of Rs. 134.5. This is the second consecutive dip in ARPU for the company, which earned Rs.154 per customer in the Dec 2017 quarter and Rs. 137.1 crores in the January-March period. The Jio user base stands at 215.3 million at the end of June quarter, a figure RIL Chairman Mukesh Ambani had announced at the company’s AGM earlier this month. According to RIL data, Jio added 28.7 million new subscribers in Q1 2019 compared to 26.5 million in the preceding three months. The company says this is the highest user growth it has experienced since it started commercial operations in April 2017. The churn rate (percentage of people leavin...