Reliance Jio reports Rs. 1350 crore profit in FY Q3 2019-20, crosses 370 million subscribers

Reliance Jio has reported Rs. 13,968 crore revenue, up 6.4% QoQ and 28.3% YoY and a net profit of 1,350 crore, up 62.5% YoY for last quarter that ended 31st December, 2019. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 5,601 crore, up 8.4% QoQ, EBITDA margin of 40.1%, and Standalone earnings before interest and tax (EBIT) of 3,805 crore, up 12.2% QoQ . Consolidated value of services stood at 16,466 crore, up 6.4% over trailing quarter. It has 370 million subscribers as of 31st December, with net addition of 14.8 million during 3QFY20.

  • Average revenue per user (ARPU) during the quarter – ₹128.4 per subscriber per month
  • Total wireless data traffic – 1,208 crore GB (39.9% YoY growth)
  • Average voice traffic – 82,640 crore minutes (30.3% YoY growth), 760 minutes per user per month.
  • Average data consumption per user per month – 11.1 GB

Regarding FTTH Jio said that process of converting the initial test users to paid-plans and ramping up sales across 1,600 cities is underway. It expects India enterprise connectivity market to grow multi-fold over the next few years with its extensive fibre backbone and long-term partnership with Microsoft enabling the company to reach the large and underserved SMB and Micro enterprises market.

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

Jio has continued on its unprecedented growth journey receiving overwhelming customer response for best in class mobile connectivity services. We are delivering on our promise to be the driver of digital revolution in the country. Jio is also determined to redefine the wireline infrastructure, home entertainment and enterprise market in India with its
FTTx services which bundle best-in-class connectivity with bouquet of digital content and services.

To drive the next leg of growth, a truly transformational and disruptive digital services company has been set-up which will bring together India’s No.1 connectivity platform, leading digital app ecosystem and world’s best tech capabilities, for creating a truly Digital Society for each Indian.

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