Jio Platforms, the #1 telecom operator in India, has announced its revenue and profit for the December quarter of 2021.
Jio Platforms consolidated Gross Revenue for the quarter was ₹24,176 crore ($3.3 billion), higher by 13.8 percent Y-o-Y (adjusted for IUC).
Jio Platforms consolidated EBITDA for the quarter was ₹ 10,008 crore ($ 1.3 billion), higher by 18.1 percent.
Jio Platforms’ EBITDA Margin at 48.6 percent, increased 503 bps Y-o-Y led by IUC related adjustment and ARPU increase in connectivity business.
Jio Platforms’ Net Profit for the quarter was ₹3,795 crore ($511 million), higher by 8.8 percent.
Jio’s total customer base as on 31 December 2021 of 421.0 million, net addition of 10.2 million customers.
Gross subscriber addition remains strong with total gross adds of 34.6 million in Q3FY22 driven by both mobility and FTTH businesses.
Reliance Jio’s ARPU during the third quarter was ₹151.6 per subscriber per month thanks to better subscriber mix and recent tariff hike, which is 8.4 percent growth (adjusted for IUC).
Jio now has over 5 million connected wireline customers and has been consistently enriching its FTTH product with new apps on STB, Society Centrex, 4K content on JioTV+, Home Secure, Home Automation, LiveTV and Gaming solutions.
Reliance Jio said 5G coverage planning has been completed for almost 1,000 cities across India. 5G trials are on for advanced use cases across Healthcare and Industrial Automation on 5G network.
“Our digital services business has delivered broad based, sustainable, and profitable growth through improved customer engagement and subscriber mix,” said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries.
