Reliance Jio Infocomm Ltd.'s fourth-quarter profit rose as it realised the full benefit of tariff hikes.
Net profit of the Reliance Industries Ltd.-owned telecom operator increased 15.4% sequentially to Rs 4,173 crore in the quarter ended March, according to a statement.
Reliance Jio Q4 FY22 Highlights (QoQ)
Revenue rose 8.03% to Rs 20,901 crore.
Operating profit increased 10.47% to Rs 10,510 crore.
Ebitda margin expanded to 50.28% from 49.2% as of December.
The average revenue per user of the nation's largest carrier by active subscribers rose to Rs 167.6 a month—an all-time high. The improvement in ARPU—the amount an operator earns per subscriber per month—came on the back of a better mix of subscribers and tariff hikes.
Reliance Jio's total customer base stood at 41.02 crore as of March 2022 against 42.1 crore at the end of December. It saw a decline in net customers during the quarter on account of SIM card consolidation as low-paying customers dropped off on higher plan prices.
The telecom operator dominates India's mobile market and has more than 35% gross subscriber market share since July 2020, according to the latest TRAI data available for November. It also has been consistently improving its active user market share since March 2021.
The carrier's average monthly usage of data and voice per user stood at 19.7 GB and 968 minutes, respectively.
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