Reliance Jio Q1 Results: Profit, Revenue Rise 2%; ARPU Remains Flat
Net profit of the telecom company rose 2% sequentially to Rs 5,445 crore in the quarter ended June 2024.
Reliance Jio Infocomm Ltd.’s third-quarter profit increased during the three months ended June.
The net profit of the telecom company rose 2% sequentially to Rs 5,445 crore in the quarter ended June 2024, according to an exchange filing on Friday.
Reliance Jio Q1 FY25 Highlights (QoQ)
Revenue rose 2% to Rs 26,478 crore.
Ebitda increased 2.3% to Rs 13,920 crore.
Ebitda margin expanded to 52.6% versus 52.3%.
The average revenue per user marginally rose to 0.7% year-on-year to Rs 181.7, with better subscriber mix partially offset by unlimited data allowance on 5G network, according to a company statement. On a sequential basis, ARPU remained flat.
Jio net added 79 lakh subscribers in the quarter ended March. Its total customer base stood at 48.97 crore during the period, as compared with 48.18 crore in the previous quarter. Monthly churn was at 1.7%.
Total data traffic was up 32.83% year-on-year at 4,410 crore GB during April-June period, and total voice traffic rose 6% to 1.42 lakh crore minutes.
Net profit of the holding company, Jio Platforms Ltd., rose 11.7% year-on-year to Rs 5,698 crore in the fourth quarter, on the back of revenue that increased 12.8% on an annual basis to Rs 29,449 crore. The company's operational profitability improved 11.6% over the previous quarter to Rs 14,638 crore.
Shares of the parent firm Reliance Industries fell 1.78% to Rs 3,116.95 each on Friday, ahead of the announcement of its first quarter results. This compared with a 1.1% decline in the country's benchmark NSE Nifty 50.
