Reliance Jio said its total customer base stood at 39.83 crore, as of June 30, 2020
- The company said its earnings before interest, taxes, depreciation and amortization (EBITDA) margin rose to 44.0 per cent in the first quarter of financial year 2020-21, from 37.8 per cent in the quarter ended June 30, 2019.
- Reliance Jio said it has evaluated the implications of the coronavirus pandemic, and has determined that there is no significant impact on its financial position and performance.
- Its average revenue per user (ARPU) - a key measure of profitability for a telecommunications company - rose to Rs 140.3 per month in the three months to June 30, from Rs 130.6 per month in the previous quarter.
- Reliance Jio's total customer base grew to 39.83 crore as of June 30, 2020, from 38.75 crore at the end of the previous quarter.
- "Jio Platforms Limited with partnerships across promising Indian start-ups and globally renowned technology companies is set to drive the next leg of hyper growth for digital businesses," said Mukesh Ambani, chairman and managing director, Reliance Industries.
- "Our growth strategy is aimed at meeting the needs of all the 1.3 billion Indians. We remain focused on playing a leading role India's transformation into a Digital Society," he added.
- Jio Platforms - which houses Reliance Jio Infocomm - raised Rs 1,52,056 crore through sale of stake to 13 investors during the quarter, including Facebook, Google, Intel Capital and Qualcomm.
- Out of the total investment, Jio Platforms has already received Rs 115,694 crore as subscription amount from 10 investors, Reliance Jio said.
- After the completion of these investments, Reliance Industries will hold a 66.48 per cent stake in Jio Platforms. "Thirteen investors, which include the largest technology companies and investors globally, now share a common vision with us," Mr Ambani said.
- Reliance Industries reported a 31 per cent rise in net profit to Rs 13,233 crore in the June quarter, beating analysts' estimates.
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