Reliance Jio’s net profit has grown by 182.8 per cent from Rs 8.91 billion during quarter ended (QE) June 2019 to Rs 25.2 billion during the corresponding quarter in 2020. The standalone revenue from operations, including access revenues grew from Rs 123.83 billion to Rs 165.57 billion during the period.
Meanwhile, the standalone earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 55.4 per cent on a year on year (YoY) basis from Rs 46.86 billion to Rs 72.81 billion during the period under consideration and the EBITDA margin grew from 37.8 per cent to 44 per cent.
Subscriber base as on June 30, 2020 stood at 398.3 million. Meanwhile, the average revenue per user (ARPU) stood at Rs 140.3 per subscriber per month.
The total wireless data traffic during the quarter stood at 14.2 billion GB, while the total voice traffic during the quarter stood at 889.44 billion minutes.
Commenting on the results, Mukesh Ambani, chairman and managing director, Reliance Industries Limited, said, “Jio started with a vision of connecting everything by building a robust and secure wireless and digital network and extending the benefits of digital connectivity to everyone in India. Thirteen investors, which include the largest technology companies and investors globally, now share a common vision with us. Jio Platforms Limited with partnerships across promising Indian start-ups and globally renowned technology companies is set to drive the next leg of hyper growth for digital businesses. Our growth strategy is aimed at meeting the needs of all the 1.3 billion Indians. We remain focused on playing a leading role India’s transformation into a digital society.”