Reliance Jio reports Rs. 681 crore profit in FY Q2 2018-19, crosses 250 million subscribers

Reliance Jio has reported Rs. 9240 crore revenue, up 13.9% QoQ and 50.3 YoY and a net profit of 681 crore, up 11.3% QoQ for its fifth quarterly financial performance for the period that ended 30th September, 2018.  Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 3,573 crore, up 13.5% QoQ, EBITDA margin of 38.7%, and Standalone earnings before interest and tax (EBIT) of 2,042 crore, up 19.6% QoQ . Consolidated value of services stood at 10,901 crore, up 13.9% over trailing quarter. It has 252.3 million subscribers as of September 30th, achieving it in 25 months of commencemnt of services. Average revenue per user (ARPU) during the quarter – ₹131.7 per subscriber per month Total wireless data traffic – 771 crore GB Average voice traffic – 53,379 crore minutes per day Video consumption per subscriber per month – 410 crore hours (17.5 hours per user per month) Jio announced its JioGigaFiber services for Homes and Enterprise at the 41st AGM (post IPO) of RIL in July. These services are being offered across 1,100 cities with registration starting 15th August 2018, and the company said that Homes are being connected on priority based on the number of requests received in the area. Reliance Industries Limited  ...