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Jio reports net profit of Rs 6.12 billion during April-June 2018

July 30, 2018

Reliance Jio Infocomm Limited has reported results for quarter ended June 2018. The standalone revenue from operations stood at Rs 81.09 billion; a quarterly growth of 13.8 per cent over January-March 2018 period. The standalone EBITDA stood at Rs 31.47 billion, registering a quarterly growth of 16.8 per cent. EBITDA margin stood at 38.8 per cent during the quarter under consideration, while standalone net profit stood at Rs 6.12 billion.

On the operations side, Jio had a subscriber base of 215.3 million as on June 30, 2018. ARPU during the quarter stood at Rs 134.5. The total wireless data traffic during the quarter stood at 6.42 billion GB. Meanwhile, the total voice traffic during the quarter stood at 448.71 billion minutes.

Commenting on the results, Mukesh D. Ambani, chairman and managing director, Reliance Industries Limited said: “Jio continues on its path to drive digital revolution in India. We doubled our customer base and most user metrics in the last 12 months. 215 million customers within 22 months of start is a record that no technology company has been able to achieve anywhere in the world. Jio has built an ecosystem for digital services and its affordable and simplified pricing strategy offers every Indian a chance to experience the “power of data”. FTTH and Enterprise services with strong fibre backbone across the country would further establish Jio’s leadership as a digital services provider. The continued strength in financial results of Jio despite competitive intensity reinforces the customer uptake of its services and its strong operating leverage. Jio is committed to offering most value to all of its stakeholders.”

 
 

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