Reliance Jio Q3 result highlights: Amazing jump in profit; check whopping numbers
Mukesh Ambani led telco Reliance Jio on Thursday announced that there was a rise by 65 per cent in its net profit to Rs 831 crore during the December 2018 quarter. The reason was mainly on account of a rise in customer base. Reliance Jio had recorded a net profit of Rs 681 crore in the corresponding period a year ago. While average revenue per user of Reliance Jio continued to decline, the impact seems to have mitigated with a sharp increase in customer base to 28 crore by the end of December, from 16 crore in the year-ago period.
Mukesh Ambani 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. 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.”
Check Reliance Jio Q3 result highlights below:
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Standalone revenue from operations of ₹ 10,383 crore (12.4 % QoQ growth) Image source: PTI
Standalone EBITDA of ₹ 4,053 crore (13.4% % QoQ growth) and EBITDA margin of 39.0% Image source: Reuters
Standalone Net Profit of ₹ 831 crore Image source: Reuters
Subscriber base as on 31st Dec-18 of 280.1 million Image source: Reuters
Lowest churn in the industry at 0.61% per month Image source: Reuters
ARPU during the quarter of ₹ 130.0 per subscriber per month Image source: Reuters
Total wireless data traffic during the quarter of 864 crore GB Image source: Reuters
Total voice traffic during the quarter of 63,406 crore minutes Image source: Reuters