Reliance Jio Reports Strong Q1 FY25 Performance with 5G Dominance and Subscriber Growth

Reliance Jio Posts Rs 5693 Crore Net Profit in Q1 FY25: All Details

Reliance Industries Limited (RIL) has announced quarterly results for Q1 FY25. With that, Jio results are out as well. Reliance Jio, India's largest telecom operator, has posted a net profit of Rs 5,693 crore. This is 11.7% higher than Rs 5,809 crore a year back during the same quarter. While the gross revenue levels went up by 12.8% YoY to Rs 34,548 crore, the finance costs along with tax expenses went up by almost the same margin as well. The EBITDA (earnings before interest, tax, depreciation, and amortisation) percentage stayed almost flat. The company is now the largest 5G operator in the world outside China. Jio said it has 130 million 5G subscribers and 5G now accounts for telco's 31% of the total wireless traffic. The entire 5G traffic of Jio is being carried on its own 5G+4G core. In terms of data traffic, Jio said that it has become the largest operator in the world. For Jio, per capita consumption increased to 30.3GB per month or more than 1GB data every day. Read More - Reliance Jio Launches New JioTag Air: Everything You Need to Know However, the company's ARPU (average revenue per user) figure remained flat QoQ at Rs 181.7. In the coming quarters, Jio should see an improvement in the ARPU and overall revenue levels with the arrival of tariff hikes. One impressive feat for the company was adding more than 40 million customers in a year. At the end of Q1 FY25, Jio's customer base stood at 489.7 million, which is only 10.3 million shy of reaching the 500 million users milestone. Jio saw an increase in overall data traffic and voice traffic boosted by the widespread of 5G networks. Owing to Jio AirFiber, Jio witnessed its highest-ever quarterly home connections at over 1.1 million. Also Read: Jio Smart EV Charger JioEV Aries Gets Listed on Amazon Akash Ambani, Chairman of Reliance Jio Infocomm, said, "Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach."

Reliance Jio's ARPU remains muted at Rs 181.7 with customer base reaching 489.7 million

India's biggest telecom operators, Jio Infocomm, on Friday unveiled that the company's average revenue per user remained muted at Rs 181.7 per subscriber on monthly basis for the first quarter of the financial year. Additionally, the Reliance-owned telco announced that it had new 8 million net additions in 1Q FY25 with monthly churn at 1.7%. "Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach," said Akash M Ambani, Chairman of Reliance Jio Infocomm. Earlier, Reliance Jio Infocomm on Friday posted a 12 per cent year-on-year jump in standalone net profit for the June quarter at Rs 5,445 crore. The revenue from operations for the telco -- the largest of three private players in the market -- rose 10 per cent year-on-year to Rs 26,478 crore in the first quarter of current financial year, according to a BSE fiing. The net profit stood at Rs 5,445 crore for the quarter under review, which translates into an 11.9 per cent increase year-on-year and a 2 per cent rise sequentially. (more to come)

Jio dominates 5G market with 130M subscribers, new plans, and JioAirFiber success - Full details inside

Reliance Jio continues to dominate the telecom industry with significant advancements in its 5G network, according to the Reliance Industries Limited (RIL) subsidiary's financial and operational performance report for the quarter ended June 30, 2024. Jio has solidified its position as the largest 5G operator outside China, boasting approximately 130 million 5G subscribers. This impressive figure accounts for over 31 percent of Jio's wireless data traffic. The company's focus on 5G technology has led to a remarkable 33 percent year-over-year increase in data traffic. Notably, per capita data consumption has surged to 30.3GB per month, equating to more than 1GB per day. This surge underscores the growing reliance on high-speed internet among Jio users. Moreover, the JioAirFiber Fixed-Wireless Access (FWA) high-speed wireless internet service continues to witness strong uptake across India, leading to the highest ever quarterly home connects, with over 1.1 million new additions. This product is revolutionising fixed broadband infrastructure with its network slicing on a standalone 5G network and point-to-multipoint deployment, Jio said. The earnings report comes just a few days after Jio's updated tariff plans came into effect for new and existing subscribers. Prices of plans have gone up from 13-25 percent compared to previous offerings. The move ensures that Jio remains competitive while providing customers with affordable, high-quality internet services, it reiterated. Akash Ambani, Chairman of Reliance Jio Infocomm, emphasised Jio's commitment to providing high-quality, affordable internet as the backbone of Digital India. He highlighted that the new prepaid plans would foster industry innovation towards 5G and AI, driving sustainable growth and reinforcing Jio's market leadership with a customer-first approach. In June 2024, the Government of India conducted spectrum auctions for existing 4G and 5G bands. Jio acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal, enhancing its spectrum footprint to 26,801 MHz. This acquisition strengthens Jio's capability to deliver seamless connectivity and cater to the increasing demand for data services. Jio's substantial investments in 5G technology and its innovative services are significantly contributing to India's digital transformation, the telco added. As Jio continues to expand its network and enhance its offerings, it remains a key player in the global telecom industry, shaping the future of connectivity and digital services.