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Jio Q4: Profit rises 47.5% to Rs 3,508 crore

ARPU has declined sequentially to Rs 138.20

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KOLKATA: Reliance Industries Ltd’s (RIL) digital, telecom arm Jio Platforms’ net profit rose 47 per cent year-on-year to Rs 3,508 crore in the fourth quarter (Q4) of FY21. Its net profit stood at Rs 2,379 crore in Q4 of FY20.

The company posted Rs 18,278 crore revenue from operations, compared to Rs 15,373 in the corresponding quarter of FY20. However, average revenue per user (ARPU) for the telecom business dropped by 8.5 per cent sequentially to Rs 138.20 as against Rs 151 in the trailing quarter.

“Jio has a highly engaged 426 million customer base and remains committed to enhancing digital experiences not only for our existing customers but, for all individuals, households, and enterprises across the country. With its path defining partnerships over the last couple of years, Jio will continue to strive towards making India a premier digital society," RIL chairman and managing director

Mukesh Ambani said.

Jio’s total customer base stood at 426.2 million at the end of the quarter, adding 15.4 million subscribers in the quarter. Churn reduced during the quarter to 1.26 per cent on the back of focused sales initiatives and reducing Covid impact in parts of the country during the quarter, it added.

Total data traffic, voice traffic during the quarter grew by 5.2 per cent, 5.9 per cent respectively. 

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