Mukesh Ambani-led telecom giant Reliance Jio reported a standalone net profit of Rs 4,335 crore in the quarter ending June 30, 2022, marginally up from the Rs 4,173 crore profit witnessed in Q4 of last fiscal. The rise registered was up 23.82 per cent y-o-y, with Rs.3,501 crores in Q1FY22. Incidentally, in Q3FY22, the net profit was Rs 3,795 crore, and in Q2FY22, it was Rs 3,728 crore.
Reliance Jio’s revenue from operations is Rs 21,873 crore in the just-ended quarter, which is 21.5 per cent higher than Rs. 17,994 crores clocked a year ago. Revenue from operations also registered a rise of 4.65% from the figure of Rs. 20,901 crores registered in the preceding quarter.
In the light of the upcoming unfolding of 5G services in India, the Jio results are significant. Jio has advanced EMD of Rs. 14000 crores for the auction of radiowaves worth at least Rs 4.3 lakh crore 5G spectrum which is expected to usher in about 10 times faster than 4G ultra-high speeds, new-age services and business models.
Margin came in at 50.1 per cent from 47.9 per cent a year ago. Margins, however, edged lower from 50.3% in Q4FY22. Further, EBITDA (earnings before interest tax depreciation amortisation) for the reporting quarter was at Rs 10,964 crore, up from Rs 8,617 crore in the corresponding period last year.
The company’s net worth is around ₹2,02,132 crore as of June 30, 2022, compared to ₹1,86,475 crore as of June 202. At the end of the March 2022 quarter, the net worth was around ₹1,97,790 crore.
Jio also performed spectacularly with a 9.9 million rise in Total subscribers quarter-on-quarter as of June 30 with the figure reaching 419.9 million. As per industry data published by TRAI, Jio has over 80% market share of new customer additions in the wireline segment.
The ARPU, or average revenue per user, was reported at Rs 175 for the June quarter versus Rs 168 in the last quarter which is a healthy 26.9 per cent growth on a year-on-year basis and 4.8 per cent growth on a quarter-on-quarter basis.
On Jio’s results, Mukesh Ambani said: “Jio is working towards expanding data availability. We are seeing positive trends in mobility and fibre to the home (FTTH) subscriber additions.”
Also Read: Reliance Jio Forwards Rs.14000 Crores For 5G Auction EMD, Nearly One-Third Of The Total
