Reliance Jio on Friday beat analysts estimates on most of the parameters by posting a net profit of Rs 3,489 crore, up 15.5% quarter-on-quarter, throughout the October-December period. Revenues throughout the quarter grew 5.3% at Rs 19,475 crore, though Ebitda at Rs 8,483 crore was up 6.4%. Operating margin rose 43.6% from the preceding quarter’s 43.1%. The company’s typical income per user throughout the period was up 4% sequentially at Rs 151. Still, Jio’s Arpu is nicely behind rival Bharti Airtel’s Arpu of Rs 162 in the September quarter. Bharti is however to report the December quarter numbers.
Due to the ongoing farmers’ agitation against the new farm laws in which the corporation was targeted in Punjab, the corporation could not verify its month-to-month churn which was at 1.63%. Though it was reduce than preceding quarter’s 1.69% when it was hit by the pandemic when migrant labourers had moved to their hometowns, it was a great deal larger than the company’s pre-Covid numbers — it stood at .46% in Q1.
Another parameter exactly where the corporation disappointed was net additions, which at 5.2 million sequentially remained beneath analyst expectations of 6-6.5 million.
Most brokerages had estimated the company’s revenues to develop 4% on sequential basis, Ebitda also by 4% and net profit by about 6%. Arpu was estimated about Rs 149.
On other operating metrics, Jio performed nicely but typical information development per user at 12.9 GB although larger by 7.5% than preceding quarter’s 12 GB is nonetheless far from rival Bharti Airtel’s level of 16 GB in the July-September quarter. This could be due to higher proportion of JioTelephone customers who are basically function telephone customers who are not heavy information customers.
Data website traffic at 1,58,60,000 million MB was up 10% compared to the preceding quarter. Jio’s voice volume at 9,74,960 minutes registered an improve of practically 5% against the preceding quarter. Usage per consumer at 796 minutes per month registered an improve of practically 3% sequentially.
Total consumer gross addition stood at 25.1 million, which was beneath the gross adds of 27.2 million in the preceding quarter. The total subscriber base stood at 410.8 million, resulting in net addition of 5.2 million.
Commenting on the overall performance, Mukesh Ambani, chairman, Reliance Industries, stated, “India is today among the leaders driving the Digital Revolution in the world. In order to maintain this lead, Jio will continue to accelerate the roll-out of its digital platforms and indigenously developed next generation 5G stack and make it affordable and available everywhere. Jio’s 5G service will be a testimony to the vision of Atmanirbhar Bharat. Jio is determined to make India 2G-mukt, thereby empowering every Indian to have an affordable smartphone and be a part of digital and data revolution. We invite and encourage all stakeholders to work together to make world-class digital services available to every Indian consumer at the most affordable prices”.