Reliance Jio reports Rs. 6147 crore revenue for Q2 FY18, has over 138.6 million customers


jio-digital-life

Reliance Jio today reported Rs. 6,147 crore revenue and a net loss of 270.59 crore for its first quarterly financial performance for the period that ended 30th September, 2017. It reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 1,443 crore and EBITDA margin of 23.5%, and Standalone earnings before interest and tax (EBIT) of 260 crore and EBIT margin of 4.2%. Consolidated value of services stood at 7,213 crore.

Back in July it said that it crossed 125 million customers in 10 months of launch, today it said that it has 138.6 million subscribers, as of September 30th by adding 15.3 million net subscribers during the quarter.

Average revenue per user (ARPU) during the quarter was 156.4 per subscriber per month, total wireless data traffic during the quarter was at 378 crore GB and average voice traffic during the quarter was at 267 crore minutes per day.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said:

The world is transforming, turning digital and India is not going to be left behind. India is ready to go digital, move from voice to data and Jio is creating the foundation of data for the next generation business. The rapid uptake of Jio services reflects the latent need of the society. We are confident that Jio will bring significant benefits to the Indian economy and the Indian customers and will take India to a much higher pedestal.
We are focussed on providing multi-layered digital services on top of the basic connectivity service to optimally utilise our world class infrastructure.

The strong financial results of Jio demonstrates the robust business model of Jio and the significant efficiencies that the Company has built through its investment in the latest 4G technology and right business strategy. As always, the Group has demonstrated excellence in execution, vision and commercial acumen.


Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He uses the phones he reviews as his main phone. You can follow him on Twitter and Instagram