​​​
  1. Reliance Jio swings to net profit of Rs 504 crore from Rs 271 crore loss in previous quarter

Reliance Jio swings to net profit of Rs 504 crore from Rs 271 crore loss in previous quarter

Reliance Jio on Friday reported its net profit swelled to Rs 504 crore in the fiscal third quarter ended December 31 from Rs 271 crore in previous quarter. Its EBITDA for the quarter too rose sharply to Rs 2628 crore from Rs 1443 crore in the preceding three months.

By: | Updated: January 19, 2018 6:58 PM
Reliance Jio, Jio, cashback offers, Reliance Jio cash-backs, Mobikwik, mobile wallet, Bharti Airtel, tariffs Reliance Jio Infocomm Limited or Reliance Jio is an LTE mobile network operator in India.

Reliance Jio on Friday reported its first quarterly net profit at Rs 504 crore in the fiscal third quarter ended December 31, as against a loss of Rs 271 crore in previous quarter, its parent company Reliance Industries said. Mukesh Ambani’s telecom venture’s EBITDA for the quarter too rose sharply to Rs 2628 crore from Rs 1443 crore in the preceding three months, RIL said. 

Key figures:

Standalone revenue from operations of Rs 6,879 crore (11.9% over trailing quarter)
1)Standalone EBITDA of Rs 2,628 crore (82.1% over trailing quarter) and EBITDA margin of
38.2% (trailing quarter at 23.5%)
2)Standalone Net Profit of Rs 504 crore
3)Subscriber base as on 31st Dec-17 of 160.1 million
4)Gross subscriber addition of 27.8 million; net subscriber addition of 21.5 million
5)ARPU of 154 per subscriber per month
6)Total wireless data traffic of 431 crore GB (9.6 GB per subscriber per month)
7)Total voice traffic of 31,113 crore minutes
8)Video consumption has crossed 200 crore hours per month on the network (13.4 hours of
video consumption per subscriber per month)

Commenting on the results, Shri Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “I would like to thank all our customers for partnering with us in this revolution which has made India a global digital powerhouse. I congratulate all our employees and partners for the strong performance. Our commitment is to keep pushing newer innovative products which would radically transform customer lives and generate huge societal value. Jio’s strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance.”

Reliance Jio Infocomm Limited or Reliance Jio is an LTE mobile network operator in India. It is a wholly owned subsidiary of Reliance Industries headquartered in Navi Mumbai, Maharashtra that provides wireless 4G LTE service network (without 2G/3G-based services) and is the only ‘VoLTE-only’ (Voice over LTE) operator in the country which lacks legacy network support of 2G and 3G, with coverage across all 22 telecom circles in India.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top