Reliance Jio Q1 Results: Profit Up 3%, ARPU At All-Time High Of Rs 180.5
Reliance Jio Infocomm Ltd. grew sequentially in the June quarter as its earnings from each user improved amid a wider churn in the industry.
Revenue of India's largest telecom operator by subscriber base rose 2.76% over the previous three months to Rs 24,042 crore in the quarter ended June 30, according to an exchange filing on Friday.
The average revenue per user improved 2.8% year-on-year to an all-time of Rs 180.5 due to a better subscriber mix and ramp-up of wireline business, according to a company statement.
Reliance Jio Q4 Results: Key Highlights (QoQ)
Revenue up 2.76% at Rs 24,042 crore
Ebitda rises 3.01% to Rs 12,210 crore
Ebitda margin at 52.31% vs. 52.19%
Net profit up 3.11% at Rs 4,863 crore
Net profit of the holding company, Jio Platforms Ltd., rose 12.5% year-on-year to Rs 5,098 crore in the April-June quarter on the back of revenue that increased 11.3% on an annual basis to Rs 30,640 crore. The company's operational profitability improved 14.8% over the year ago to Rs 13,116 crore in the first quarter.
"Jio's wide range of quality offerings at affordable price points has enabled strong growth in subscriber base, which reflects in financial performance of the digital services business," Mukesh Ambani, chairman and managing director at parent company Reliance Industries Ltd., said in a statement.
"Speedy rollout of of Jio's True 5G services is propelling the nation's digital transformation at an unprecedented pace."
Other Key Highlights
Net additions in the April-June quarter stood at 9.2 million, with per capita data consumption of 25 GB. Monthly churn reduced to 1.8%.
Jio's total data traffic jumped 28.3% year-on-year to 33.2 billion GB in Q1 FY24. Voice traffic rose 7.2% to 1.34 trillion minutes.
Jio has deployed over 115,000 sites with nearly 690,000 5G cells covering more than 90% census towns.
5G adoption and fiber-to-the-home, or FTTH, drives 28.3% year-on-year growth in data usage. Monthly data usage on Jio network crosses 11 exabytes. One exabyte is equivalent to 1 billion GB.
Jio Fiber is driving nearly 80% of wired broadband net additions in the country. The number of connected premises is fast approaching the 10-million mark.
On Friday, shares of its parent company, Reliance Industries Ltd., fell 2.57% to Rs 2,536.20 apiece on the BSE, even as the benchmark Sensex ended the day 1.31% lower at 66,684.26 points.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
