Reliance Jio reports Rs. 1350 crore profit in FY Q3 2019-20, crosses 370 million subscribers

Reliance Jio has reported Rs. 13,968 crore revenue, up 6.4% QoQ and 28.3% YoY and a net profit of 1,350 crore, up 62.5% YoY for last quarter that ended 31st December, 2019. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 5,601 crore, up 8.4% QoQ, EBITDA margin of 40.1%, and Standalone earnings before interest and tax (EBIT) of 3,805 crore, up 12.2% QoQ . Consolidated value of services stood at 16,466 crore, up 6.4% over trailing quarter. It has 370 million subscribers as of 31st December, with net addition of 14.8 million during 3QFY20. Average revenue per user (ARPU) during the quarter – ₹128.4 per subscriber per month Total wireless data traffic – 1,208 crore GB (39.9% YoY growth) Average voice traffic – 82,640 crore minutes (30.3% YoY growth), 760 minutes per user per month. Average data consumption per user per month – 11.1 GB Regarding FTTH Jio said that process of converting the initial test users to paid-plans and ramping up sales across 1,600 cities is underway. It expects India enterprise connectivity market to grow multi-fold over the next few years with its extensive fibre backbone and long-term partnership with Microsoft enabling the company to reach ...