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Reliance Jio Now Earning Rs 167.6 per user, within Last 90 days 1.1 million Users left

Reliance Jio Now Earning Rs 167.6 per user, within Last 90 days 1.1 million Users left

Reliance Industries’ subsidiary Reliance Jio achieved an in-line result in Q4 of FY22, with a net profit of Rs 4,173 crore, compared to a net profit of Rs 3,615 crore in Q3.

Reliance Jio: Revenue, EBITDA, ARPU

The company’s revenue increased to Rs 20,901 crore from Rs 19,347 crore in the previous quarter. While the gross margin topped 50%, the telecom giant achieved important milestones in terms of profitability, with EBITDA exceeding Rs 10,000 crore.

With a solid 10.6 percent QoQ growth, Reliance Jio’s average revenue per user (ARPU) surpassed expectations at Rs 167.6. The 20 percent tariff increase has kicked in for the company’s profit boost.

The subscriber mix has also improved ARPU performance. The company’s profitability has also improved as a result of the 20% tariff increase.

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Reliance Jio: Waning Subscribers Base

Jio’s subscriber count decreased from 440.6 million at the conclusion of the first fiscal quarter to 410.2 million by the end of March 2022.

“SIM consolidation post tariff hike resulting in net subscriber reduction. Recent trends indicate that SIM consolidation is abating as tariff hike impact is absorbed”, said by one of the management.

Customer involvement increased in the fourth quarter, with data traffic increasing by 47.5 percent year over year to 24.6 Exabytes.

In comparison to the previous fiscal year, per capita data increased by 48.1 percent to 19.7 GB. Average monthly phone calls increased 17.6% year over year to 968 minutes.

The pricing surge in the telecom sector has given Jio’s performance a much-needed boost. Analysts, on the other hand, are concerned about the fall in subscription numbers.

However, management’s optimistic remarks about the suspension of subscriber reductions as a result of the rate hike being absorbed should address concerns on this front.

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Developer and Editor
Akash always writes about the latest tech news, smartphones, apps, and many more things that are related to technology. He also covers gaming as well as he is passionate about gaming.

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