Reliance Jio: Earned profit of Rs 2520 crore, increase in ARPU
Reliance Jio, the country’s largest telecom company, has announced financial results for the April-June quarter. Reliance Jio’s June quarter profit increased by 8.10 per cent over the March quarter. Reliance Jio, the telecom subsidiary of Reliance Industries, has made a profit of Rs2520 crore in the April-June quarter. Let us know that compared to the April-June quarter of 2019, Jio’s profit has increased even more by 182.8 per cent. It had a profit of Rs 891 crore in the April-June quarter of 2019 and Rs 2331 crore in January-March this year.
Operating income also increased
Jio’s operating income stood at Rs 16557 crore, a growth of 33.7 per cent over the same quarter last year. Its operating income stood at Rs 14,385 crore in the March quarter. As of June 30, its subscriber base reached 39.83 crores. In the quarter, the company added 9.7 million customers despite the Corona crisis. Its data traffic increased by 30.2 per cent and voice traffic by 13.2 per cent. Let us know that the results of Reliance Industries were also better due to the better performance of Jio. Working from home increased the consumption of data, which also benefited Jio.
The average revenue per user (ARPU) increased by 7.5% to Rs 140.3. This was much higher than the projected 3.5 per cent increase. Let us know that APU is very important for any telecom company. Let us tell you that Airtel’s ARPU increased to Rs 157 for the April-June quarter from Rs 154 in the previous quarter and Rs 129 in the same quarter last year.
Last quarter performance
Reliance Jio witnessed a strong 72 per cent growth in the March quarter profit over the December quarter. Reliance Jio had posted a profit of Rs 2331 crore in the January-March quarter. At the same time, Jio’s profit had increased even more by 177.5% compared to the January-March quarter of 2019. The company’s operating income stood at Rs 14,385 crore, a growth of 6.2 per cent over the December quarter. The company’s operating income grew by 26.6 per cent over the January-March quarter of last year.