Reliance Jio reports Rs. 612 crore profit in Q1, up 19.9 % QoQ

Reliance Jio today reported Rs. ₹8,109 crore revenue, up 13.8 % QoQ and a net profit of 612 crore, up 19.9% QoQ for its fourth quarterly financial performance for the period that ended 30th June, 2018. Jio’s rival Airtel earlier this week reported 97.3 crore crore net profit for the same quarter. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 3,147 crore, up 16.8% QoQ, EBITDA margin of 38.8%, and Standalone earnings before interest and tax (EBIT) of 1,708 crore, up 14.3% QoQ . Consolidated value of services stood at 9,567 crore, up 13.8% over trailing quarter. It crossed 215.3 million subscribers in the April to June quarter, and has added 28.7 million subscribers during the quarter, compared to 26.5 million in the previous quarter. Average revenue per user (ARPU) during the quarter – ₹134.5 per subscriber per month compared to ₹137.1 in the previous quarter Total wireless data traffic – 642 crore GB Average voice traffic – 44,871 crore minutes per day Video consumption per subscriber per month – 340 crore hours (15.4 hours per user per month) Jio announced its JioGigaFiber services for Homes and Enterprise at the 41st AGM (post IPO) of RIL earlier this month. These services are being offered ...