Reliance Jio performance in the September quarter has been better than the April-June quarter.
- Operating revenue increased to 17,481 crore in second quarter
- ARPU up Rs 145 per customer in September quarter
Reliance Jio, the telecom subsidiary of Reliance Industries Limited (RIL), reported strong profits in the second quarter (July-September). According to the statement issued by Reliance, Reliance Jio has reported a profit of Rs 2844 crore in the second quarter. It has grown by 13% over the April-June quarter. According to Reliance, Jio’s operating revenue in the second quarter stood at Rs 17,481 crore.
5364 crore profit in the first 6 months of the current financial year
Reliance Jio has reported a profit of Rs 5364 crore in the first half of the current financial year. It has grown at 185%. The company had a profit of Rs 1881 crore in the same period a year ago.
1.65% increase in net worth
Jio has 40.5 million subscribers
According to Reliance Jio, the company’s customer base reached 405.6 million i.e. 40.5 million as on 30 September 2020. The company had a customer base of 39.83 crore as on 30 June 2020. Average revenue per user (ARPU) has increased to Rs 145 per customer in this quarter. It was Rs 140.3 per customer in the April-June quarter.
1442 million GB data used
In the September quarter, customers of Reliance Jio used 1442 million GB of data. At the same time, there has been 93,223 million minutes of voice call traffic on Jio’s network in these three months. Jio is the only company in the world to add 400 million customers outside China. Jio customers use an average of 12 GB of data every month. At the same time, 776 minutes of voice calls.
Raised 32.96% stake and raised Rs. 1,52,056 crore
Reliance Jio has raised Rs 1,52,096 crore by selling 32.96% stake. The stake has been sold to Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadla, ADIA, TPG, El Catterton, Public Investment Fund, Intel Capital and Qualcomm. Reliance Jio has received a total payment of Rs 1,18,319 crore so far. Currently Google has not been paid for the stake sold.
2520 crore profit was made in the first quarter
Reliance Jio had a profit of Rs 2520 crore in the first quarter (April-June) of the current financial year. This was 182.8% higher than the previous year. At the same time, Jio’s operating revenue grew by 33.7% to Rs 16,557 crore. Jio’s profit was Rs 891 crore in the same period a year ago.