RIL Jio operating revenue in Q1 at Rs 8109 cr; 13.8% QoQ growth
Standalone EBITDA is ₹3,147 crore, registering 16.8% QoQ growth for the quarter ended June 30, 2018
Reliance Industries Limited announced the Q1 FY18-19 results for Jio, which recorded a standalone revenue from operations of ₹8,109 crore (13.8% QoQ growth). For the quarter ended June 30, 2018, standalone EBITDA is ₹3,147 crore (16.8% QoQ growth) and EBITDA margin is at 38.8%. Jio’s standalone Net Profit is ₹612 crore.
Subscriber base showed a robust growth at 215.3 million with total wireless data traffic during the quarter of 642 crore GB and total voice traffic during the quarter of 44,871 crore minutes.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said: “Jio continues on its path to drive digital revolution in India. We doubled our customer base and most user metrics in the last 12 months. 215 million customers within 22 months of start is a record that no technology company has been able to achieve anywhere in the world. Jio has built an ecosystem for digital services and its affordable and simplified pricing strategy offers every Indian a chance to experience the power of data. FTTH and Enterprise services with strong fibre backbone across the country would further establish Jio’s leadership as a digital services provider. The continued strength in financial results of Jio despite competitive intensity reinforces the customer uptake of its services and its strong operating leverage. Jio is committed to offering most value to all of its stakeholders.”
Customer Engagement and new offerings:
Jio has continued its strong subscriber growth trend with net addition during the quarter of 28.7 million (as against 26.5 million in the previous quarter), highest in any quarter since the launch of commercial services. Customer activity grew in the quarter with average data consumption per user per month of 10.6 GB and average voice consumption of 744 minutes per user per month. Video consumption drove most of the usage, increasing to 340 crore hours per month on the network; average video consumption was 15.4 hours per subscriber per month.
JioGigaFiber services for Home broadband, Entertainment, Smart Home Solutions, Wireline and Enterprise was announced during 41st AGM (post IPO) of RIL held on July 5, 2018. Customers across 1,100 cities can register for services starting August 15, 2018.
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