Reliance Jio sales jump 19% to ₹18,278 crore in March quarter

Reliance Jio announced its financial performance during the March quarter of 2021 and financial year 2020-21.
Reliance Jio Digital LifeHIGHLIGHTS of March quarter

# Consolidated revenue from operations of ₹ 18,278 crore (+18.9%)
# Consolidated net profit of ₹ 3,508 crore (+47.5%)
# Total Customer base of 426.2 million
# ARPU of ₹ 138.2 per subscriber per month
# Total data traffic of 1,668 crore GB (+26.7%)
# Total voice traffic of 103,290 crore minutes (+17.9%)

Reliance Jio achieved customer gross addition of 31.2 million and net addition of 15.4 million in the quarter with improved traction across mobility and homes.

Reliance Jio achieved gross subscriber addition of 99.3 million during FY21 despite Covid related challenges.

Reliance Jio reduced churn during the quarter to 1.26 percent on the back of focused sales initiatives and reducing Covid impact in parts of the country.

Reliance Jio’s ARPU for Q4FY21 was ₹ 138.2, with sequential decline driven by transition from Interconnect Usage Charges (IUC) to Bill & Keep regime effective 1st January 2021, and lower number of days during the quarter.

During 4Q FY21, average data consumption per user per month was strong at 13.3 GB and average voice consumption was at 823 minutes per user per month.

Based on TRAI Data for the quarter ended December 2020, Reliance Jio Infocomm had Adjusted Gross Revenue (AGR) market share of ~45 percent with market leadership in 19 out of 22 circles.

In the recently concluded spectrum auctions, Jio acquired spectrum in 800MHz, 1800MHz and 2300MHz bands. The total outlay for this spectrum is ₹ 57,123 crore with an upfront payment of ₹ 19,939 crore.

Jio signed agreement with Bharti Airtel for trading of right-to-use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles. The aggregate value for right-to use of paired 7.5MHz spectrum is ₹ 1,497 crore, inclusive of present value of associated deferred payment liability of ₹ 459 crore.

Post the spectrum auction and the trading agreement with Bharti Airtel Limited, Jio has expanded its spectrum footprint by 56 percent to 1,732 MHz, with 2X10MHz of spectrum in 800MHz band in 18 circles, and 2X10MHz in 1800MHz band and 40MHz in 2300MHz band across all the circles.

Digital Platforms

JioBusiness has introduced an integrated offering for Micro Small and Medium Businesses (MSMB) combining enterprise-grade fiber connectivity and digital solutions for less than one-tenth of the current cost starting below ₹ 1,000 per month.

Jio is conducting field trials for fine-tuning network performance and configurations for its 5G network. Work is also ongoing on standardising 5G device configurations by collaborating with Original Equipment Manufacturers (OEMs).

Jio’s IoT solutions are live across smart utilities, connected automobiles, security and asset tracking with significant customer traction.

Latest

More like this
Related

Globe Telecom Q3 result shows mobile customer growth

Globe Telecom has achieved service revenues of ₱124 billion,...

Telefonica Brazil revenue grows 7% to $2.42 bn in Q3

Telefonica Brazil revenue rose 7 percent to 14 billion...

BSNL deploys 50,000 4G sites across India

BSNL has achieved a milestone in expanding 4G infrastructure,...

Ooredoo Q3 result shows it lost mobile customers

Ooredoo Group said its revenue increased by 2 percent...