Reliance Jio Q1 results 5G home broadbarnd Arpu growth
Reliance Jio reported an increase in average income per user for April-June, and increased strong subscriber growth and network data consumption in the large band of mobile and home.
Jio Platform Ltd, which hosts the telecom and digital service of Reliance Industries Ltd, reported a sequential growth of 1.2% in consolidated net profit. La7.110 Crore for the June quarter. Consolidated income from operations increased by 3.07% in turn La35,032 Crore.
On an annual basis, Jio platforms followed a 19% revenue increase and a 25% increase in net profit.
Reliance Jio is a subsidiary of Jio Platforms, which is the largest telecom operator of India and most of its business, according to its market share.
Jio’s stable growth comes at a time when Telekom operators are looking for ways to earn money from 5G services and increase user participation. Jio continues to enter the subscriber market share of Vodafone IDEA LTD, seeking another financial aid to survive from the government.
Reliance Jio’s revenues from operations grew by 17% annually and 2.9% in the quarter. La30,882 Crore, sequential with average estimates La30,900 crore by three intermediaries. Net snow increased by 23.2% per year and 1% in order La6.711 Crore.
In the first quarter, Jio’s 5G subscribers exceeded 200 million and 20 million houses. Relice Industries President and General Manager Mukesh Ambani said, “Jio Airfiber, a base of 7.4 million subscribers, and the world’s largest FWA (fixed wireless access) service provider,” he said.
5G, large band milestones
At the end of June, Jio had 213 million 5G subscribers from 191 million from 191 million in the previous January-March quarter. Monthly average income per user (ARPU) increased by 1.3% and 14.9% annually, respectively La208.8 helped the aid of tariff increases according to the company.
Reliance Jio Net added 9.9 million subscribers during the June quarter and increased the subscriber base to 498.1 million. In the previous quarter, the company had 6.1 million subscribers. The monthly user confusion was 1.8%.
Jio’s interest, taxes, depreciation and firefighter (EBITDA) earnings increased by 24% per year and 6.6% in order La18,135 Crore in June quarter. EBITDA margin rose to 51.8%, respectively.
According to Jio’s investor presentation, the company cloud game platform Jio Games, cloud storage platform Jioaicloud and virtual desktop Jiopc’da a strong traction.
Jio said it is ready to take the 5G heap to global markets with Cloud Native Core Network.
Total data traffic increased to 54.7 billion GB in June in June and 11.9% per year and helped the company’s fiber wide band and Airfiber users to grow.
The average monthly data consumption per user in the company’s network was 33.6 GB in the previous three months and 30.3 GB of 37 GB compared to the previous year.
