Reliance Jio reports Rs. 831 crore profit in FY Q3 2018-19, crosses 10000 crore quarterly operating revenue

Reliance Jio has reported Rs. 10,383 crore revenue, up 12.4% QoQ and 50.9 YoY and a net profit of 831 crore, up 22.1% QoQ and 65% YoY for its sixth quarterly financial performance for the period that ended 31st December, 2018.  Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 4,053 crore, up 13.4% QoQ, EBITDA margin of 39%, and Standalone earnings before interest and tax (EBIT) of 2,369 crore, up 16% QoQ .

Consolidated value of services stood at 12,252 crore, up 12.4% over trailing quarter. It has 280.1 million subscribers as of December 31st compared to 252.3 million at the end of September quarter.

  • Average revenue per user (ARPU) during the quarter – ₹130 per subscriber per month
  • Total wireless data traffic – 864 crore GB
  • Average voice traffic – 63,406 crore minutes per day and 794 minutes per user per month
  • Video consumption per subscriber per month – 460 crore hours
  • Average data consumption per user per month – 10.8 GB

Jio started offering JioGigaFiber services starting 15th August 2018, and the company said that it has witnessed overwhelming customer interest across 1,400 cities. It added that Reliance Industries Limited, parent of the Company, awaits regulatory approvals to complete the recently announced investment in Den Networks Limited and Hathway Cable and Datacom Limited. Post completion of the transaction, Reliance and Jio will be strengthening the business model of 27,000 LCOs that are aligned with DEN and Hathway across 750 cities.

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

The journey of Jio has been truly remarkable and has surpassed all expectations. The Jio family is now 280 million strong and growing on one of the world’s largest mobile data networks, in line with our vision of connecting everyone and everything, everywhere – always at the highest quality and the most affordable price. We are similarly working on re-inventing the connectivity solutions market for Homes and Enterprise with our next generation FTTX services.

Our relentless focus is on creating platforms to truly transform the digital life of every citizen of India across connectivity, commerce, media and entertainment, financial services, agriculture, education and healthcare, which will further enhance productivity and economic prospects of our nation.

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