New Delhi, Oct. 17 -- JioStar, the media and entertainment arm of Reliance Industries Ltd, saw its revenue plunge in the September quarter from the preceding three months, mirroring the declining valuation of the Indian Premier League for which it holds broadcasting rights.

Net profit, however, surged, propped up by other sports and digital properties, led by the reboot of the popular Hindi television series 'Kyunki Saas Bhi Kabhi Bahu Thi'.

JioStar's second-quarter revenue fell 35% quarter-on-quarter to Rs.7,232 crore while its profit rose 56% to Rs.1,322 crore.

During the July-September quarter, JioStar reached more than 830 million viewers, delivering over 60 billion hours of watch time on television, the company said on Friday. Its...