Reliance Jio reports Rs. 840 crore profit in FY Q4 2018-19, crosses 300 million subscribers

Reliance Jio has reported Rs. 11,106 crore revenue, up 7.0 % QoQ and 55.8 YoY and a net profit of 840 crore, up 1.1% QoQ and 64.7% YoY for its seventh quarterly financial performance for the period that ended 31st March 2019.  Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 4,329 crore, up 6.8% QoQ, EBITDA margin of 39%, and Standalone earnings before interest and tax (EBIT) of 2,585 crore, up 9.1% QoQ . Consolidated value of services stood at 13,062 crore, up 6.6% over trailing quarter. It has 306.7 million subscribers as of March 31st compared to 280.1 million at the end of December quarter. The company said that it is the fastest operator in the world to reach 300 million users milestone. Average revenue per user (ARPU) during the quarter – ₹126.2 per subscriber per month Total wireless data traffic – 956 crore GB Average voice traffic – 72,414 crore minutes per day and 823 minutes per user per month Video consumption per subscriber per month – 500 crore hours Average data consumption per user per month – 10.9 GB Jio started offering JioGigaFiber services starting 15th August 2018, and the company said that  JioGigaFiber services for Home broadband, Entertainment, Smart Home Solutions, ...