Reliance Jio reports Rs. 510 crore profit in Q4, has over 186 million customers

Reliance Jio today reported Rs. 7,128 crore revenue, up 3.6 % QoQ and a net profit of 510.44 crore, up 1.2% QoQ for its third quarterly financial performance for the period that ended 31st March, 2018. Jio’s rival Airtel earlier this week reported 652.30 crore crore net loss for the same quarter. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 2,694 crore, up 2.5% QoQ, EBITDA margin of 37.8%, and Standalone earnings before interest and tax (EBIT) of 1,495 crore, up 4.1% QoQ . Consolidated value of services stood at 8,404 crore, up 3.6% over trailing quarter. It crossed 186.6 million subscribers in the January to March quarter, and has added 26.5 million subscribers during the quarter, compared to 21.5 million in the previous quarter. Average revenue per user (ARPU) during the quarter – 137.1 per subscriber per month compared to 154 in the previous quarter Total wireless data traffic – 506 crore GB (9.6 GB per subscriber per month) Average voice traffic - 37,218 crore minutes per day (716 minutes per user per month) Video consumption per subscriber per month – 240 crore hours (13.8 hours per user per month) During the quarter, RIL announced a strategic transaction for combination of JioMusic with Saavn, a ...