The scrip tumbled 20 per cent and hit its lower circuit limit as well as its 52-week low of Rs 154.05 on the BSE.
Total income rose to Rs 15,161.74 crore during the June quarter of 2019-20, as against Rs 15,072.41 crore.
Revenue from seller services grew 23 per cent to USD 12.0 billion in the second quarter.
The total income stood at Rs 4,646.15 crore during April-June period of 2018-19.
The company has reported the highest ever quarterly profit after tax in the latest June quarter.
Microsoft shares rose 1.4 per cent to USD 138.35 in after-market trading that followed release of the earnings figures.
Total income grew to Rs 8,624.62 crore during the June quarter of 2019-20 under review, as against Rs 6,369.75 crore.
The scrip dropped to Rs 1,409.20 on the BSE in early trade. On the NSE it fell to Rs 1,409.70.
Receipts from the telecom sector mainly relate to the licence fees from operators and spectrum usage charges.
In the March quarter of FY 2018-19, Jio’s net profit rose over four times to Rs 2,964 crore, from Rs 723 cr in 2017-18.