Reliance Jio Q4 revenue at Rs. 7,128 crore and net profit at Rs. 510 crore

Reliance Jio Q4 revenue from operations stood at Rs. 7,128 crore showing 3.6% QoQ growth and standalone net profit stood at Rs. 510 crore.

Standalone EBITDA stood at Rs. 2,694 crore showing 2.5% QoQ growth and EBITDA margin of 37.8%. The company’s subscriber base as on 31st March 2018 was at 186.6 million. Jio has continued its strong subscriber growth trend with net addition during the quarter of 26.5 million as against 21.5 million in the previous quarter. ARPU during the quarter was Rs. 137.1/subscriber per month.

Jio subscribers continue to demonstrate high activity level with average data consumption per user per month of 9.7 GB and average voice consumption of 716 minutes per user per month. Total wireless data traffic during the quarter of 506 crore GB and total voice traffic during the quarter of 37,218 crore minutes.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries said, “A full-blown social, mobile and digital revolution is underway across the world, and I am glad that India is not being left behind in any way with the advent of Jio. Everyone at Jio is today proud to have played a pivotal role in transforming the digital landscape of this country and empowering millions of Indians with all the leading digital tools and skills. Jio is offering the “power of data” to each Indian to fulfil every dream and to collectively take India to Global Digital leadership.”

“The strong financial results of Jio in a competitive market environment demonstrates the robustness of the Jio business model and ability to offer the most value to our customers and partners. Jio has demonstrated that it can scale and sustain its strong financial performance.”

Average data consumption at 9.7 GB per user per month, average voice consumption at 716 minutes per user per month and average video consumption at 13.8 hours per user per month make Jio the leader in the industry across all of these service offerings. Video consumption is at over 240 crore hours per month on the network; Jio apps continue to be highly popular.

The company continues to make progress for delivering enterprise solutions, FTTH and IoT with beta trials initiated in a few locations. These services are being offered using the same integrated network and platforms.