Reliance Jio Q2 Results: Profit Rises, Margin Remains Flat
The average revenue per user improved 2.5% year-on-year to an all-time high of Rs 181.7.
Reliance Jio Infocomm Ltd.’s second quarter profit rose aided by an increase in customer base.
Net profit of India's largest telecom company rose 4% to Rs 5,058 crore over the previous quarter in the July-September period, according to an exchange filing.
The average revenue per user improved 2.5% year-on-year to an all-time high of Rs 181.7, due to better subscriber mix across mobility and wireline partially offset by start of 5G services, according to a company statement
Reliance Jio Q4 Results: Key Highlights (QoQ)
Revenue up 3% at Rs 24,750 crore.
Ebitda rises 3% to Rs 12,953 crore.
Ebitda margin flat at 52.3%.
Other Highlights
Jio net added 1.11 crore subscribers in the quarter ended September. Reliance Jio’s total customer base stood at 45.97 crore as of September as compared with 44.85 crore in the previous quarter.
The telecom operator's per capita data consumption increased to 26.6 GB per user per month, from 24.9 GB between April to June. However, per capita voice consumption fell 979 minutes per user per month from 1,003 minutes in the first quarter.
Total data traffic was at 28.5% up year on year at 3,630 crore GB, and total voice traffic rose 8.3% to 1,33,000 crore minutes.
Net profit of the holding company, Jio Platforms Ltd., rose 12% year-on-year to Rs 5,297 crore in the July to September quarter, on the back of revenue that increased 10.7% on an annual basis to Rs 26,875 crore. The company's operational profitability improved 12.6% over the year ago period to Rs 13,528 crore in the first quarter.
"Jio is the only operator in the country who has consistent positive net additions (of customers)," said Kiran Thomas, chief executive officer of Jio Platforms.
On Friday, shares of its parent company Reliance Industries Ltd. rose 1.78%, as compared with a 1.01% rise in the benchmark Nifty 50.
