Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="6354504" type="General" weightage="20" keywordseo="Reliance-Jio" source="Orion">Reliance Jio</keyword> reported a 3.2% growth in net profit sequentially to ₹4,881 crore in its Q3 FY23 earnings.</li><li>Its revenue from operations grew 2.4% sequentially to ₹29,195 crore as compared to ₹28,506 crore in the previous quarter.</li><li>Jio’s average revenue per user grew marginally by 0.56% sequentially and 17.5% on year.</li><li>Growth in ARPU is slightly below <a href="https://www.businessinsider.in/business/corporates/news/ril-q3-to-be-a-mixed-bag-muted-growth-in-o2c-robust-retail-and-jio-performance/articleshow/97094061.cms">analysts’ expectation </a>who expected Jio’s average revenue per user (ARPU) to improve by a modest 1.8% sequentially at ₹179-180. </li></ul>India’s largest telecom provider, Reliance Jio reported 3.2% growth in net profit sequentially at ₹4,881 crore in its December quarter earnings from ₹4,729 crore in the previous quarter. On a yearly basis, its profit grew nearly 28.6%. Its revenue from operations grew 2.4% sequentially to ₹29,195 crore as compared to ₹28,506 crore in the previous quarter. On a year-on-year basis, it saw an increase of nearly 20.8%. The oil to telecom conglomerate attributed the growth to strong growth in customers and data consumption. “Jio delivered record revenues and EBITDA driven by strong momentum in customer growth and data consumption,” said Mukesh Ambani, chairman and MD at Reliance Industries. This quarter RIL launched True 5G services, which is now available in 134 cities and towns in India. <div type="image" title="Copy of Jio Net Profit Q1 FY23 (2)" msid="97179681" hostid="261" sizebytes="21116"></div> <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹29,195 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹28,506 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹24,176 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,881 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,729 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,795 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ARPU </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹178.2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹177.2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹151.6 </td></tr></tbody></table> Meanwhile, Jio’s average revenue per user grew marginally by 0.56% sequentially and 17.5% on year. The company said that ARPU increased sequentially due to better subscriber mix. Growth in ARPU is slightly below <a href="https://www.businessinsider.in/business/corporates/news/ril-q3-to-be-a-mixed-bag-muted-growth-in-o2c-robust-retail-and-jio-performance/articleshow/97094061.cms">analysts’ expectation </a>who expected Jio’s average revenue per user (ARPU) to improve by a modest 1.8% sequentially at ₹179-180. <div type="image" title="Copy of Jio ARPU Q1 FY23 (3)" msid="97179690" hostid="261" sizebytes="18424"></div>Further, Reliance Jio added less number of subscribers in the December quarter as compared to the previous quarter. The telecom major added 5.3 million net subscribers in Q3 as compared to 7.7 million in Q2. With this, RJio’s total customer base stands at 432.9 million, which has grown 2.8% on a yearly basis. “Sustained subscriber additions and higher ARPU drive revenue and EBITDA growth for the connectivity business. In addition, higher realizations from digital services drives JPL consolidated revenue growth,” said the company in a press release. <div type="image" title="Copy of Jio subscribers + net addition Q1 FY23 (2)" msid="97179711" hostid="261" sizebytes="30486"></div> Outlook for the telecom business Jio targets to complete its pan India 5G rollout by December 2023. RJio highlights that during FIFA World Cup 2022 it witnessed one of the highest viewership on JioCinema which achieved a total viewership of over 114 million across the 64 matches. Akash Ambani, chairman of Reliance Jio Infocomm, said that, “Jio is undertaking the most ambitious and fastest ever 5G rollout plan for any country of our size. Within three months of launch, Jio True5G is now available across 134 cities and would be available across India by December 2023.” “In addition, Jio will connect over 100 million premises with JioFiber and JioAirFiber offering unparalleled digital experiences. We will also empower small merchants and businesses with cutting-edge, plug-and-play solutions delivered from the cloud,” he added. Ahead of its earnings release, Reliance Industries closed 1.18% at ₹2,443 per share. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/swiggy-co-founder-says-over-hiring-a-mistake-as-he-fires-380-employees/articleshow/97171514.cms">Swiggy co-founder says over-hiring a mistake as he fires 380 employees</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/telecom-sector-expectations-from-budget-2023-24-suspension-of-regulatory-levies-special-tax-regime-and-more/articleshow/97170888.cms">Budget 2023-24: Suspension of regulatory levies, removal of duty on imported equipment are telecom sectors key asks</a>

Reliance Jio’s net profit up 3.2% sequentially at ₹4881 crore in Q3 on better subscriber mix

<ul><li><keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>’s subscriber mix is holding back the amount of money it makes from each user.</li><li>Despite India facing the worst of the COVID-19 pandemic in the previous quarter, Reliance Jio has reported over 44% profit growth.</li><li>During the June quarter, Jio added 42.3 million new subscribers, continuing its upward trajectory from the March quarter.</li><li>However, its average revenue per user (ARPU) remains an area of concern – it stood at ₹138.4, which is flat when compared to the previous quarter, and marginally down, year-on-year.</li></ul>India’s leading telecom operator Reliance Jio posted a nearly 45% growth in its profit despite India bearing the worst of the COVID-19 pandemic between April and June this year. However, it’s not all rosy as the telco struggled to register a growth in the amount of money it makes from each of its 400 million plus subscribers. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April-June 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Growth (YoY) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹22,267 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,651 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">44.9% </td></tr></tbody></table> Despite <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-needs-tariff-hikes-to-sustain-earnings-growth-as-subscriber-additions-slow-down/articleshow/82289799.cms">analyst warnings</a>, Jio has so far resisted raising tariffs, and it’s not something that subscriber growth can offset. Instead, Jio has launched new plans that offer unlimited daily data in order to attract the premium, high-value customers, hoping that this will augment its average revenue per user (ARPU). <div type="image" title="Jio ARPU Q1 FY22." msid="84680119" hostid="261" caption="&amp;lt;p&amp;gt;Jio&amp;#39;s ARPU has seen a major decline&amp;lt;/p&amp;gt;"></div> Two other factors weighing down on the profit are affordable postpaid plans and the <keyword id="4792220" type="PERSON" weightage="20" keywordseo="JioPhone">JioPhone</keyword>, which attracts low average revenue per user (ARPUs). Both the new phone and the cheaper postpaid plans were rolled out in Oct-Dec 2020, and they are now weighing down the financials. <div type="image" title="Jio subscribers + net addition Q1 FY22." msid="84680626" hostid="261" caption="&amp;lt;p&amp;gt;Jio&amp;#39;s new subscriber additions continue to see a strong growth&amp;lt;/p&amp;gt;"></div> Reliance Jio has added nearly three times more subscribers between April to June, 2021, compared to the preceding three months. But most of them are low-paying users, who use Jio as a second phone for cheaper plans, and therefore the subscriber addition is not adding to the revenue or the profit in a big way. <cmsannotation type="cmsannotation" annotationid="Reliance Jio’s last quarter in numbers" comment="subhead" text="Reliance Jio’s last quarter in numbers">Reliance Jio’s last quarter in numbers</cmsannotation> Beating analyst expectations, Jio reported a 4% increase in profit between April and June 2021, increasing to ₹3,651 crore from ₹3,508 crore in the previous quarter. On a year-on-year basis, its profit surged by nearly 45%. Jio also witnessed a healthy surge of nearly 22% in its revenue during the quarter, increasing to ₹22,267 crore as compared to ₹18,278 crore in the quarter before. On a year-on-year basis, this is an increase of nearly 10%. <div type="image" title="Jio Net Profit Q1 FY22 (1)." msid="84680841" hostid="261" caption="&amp;lt;p&amp;gt;Jio&amp;#39;s net profit over the last nine quarters&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Data usage grows by nearly 15%, but voice usage declines marginally" comment="subhead" text="Data usage grows by nearly 15%, but voice usage declines marginally">Data usage grows by nearly 15%, but voice usage declines marginally</cmsannotation> Data traffic saw an increase of nearly 15% compared to the previous quarter. The average data usage per user during the quarter stood at 15.6GB, as compared to 13.3GB in the previous quarter. Surprisingly, voice usage declined marginally to 818 minutes from 823 minutes in the quarter before. <div type="image" title="Jio voice and data usage Q1 FY22." msid="84680759" hostid="261" caption="&amp;lt;p&amp;gt;Jio&amp;#39;s consumer engagement numbers over the last nine quarters&amp;lt;/p&amp;gt;"></div> SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-and-airtel-shares-fall-as-sc-rejects-agr-dues-re-computation-appeal/articleshow/84668288.cms">Vodafone Idea sinks nearly 10% and Airtel tumbles a bit after India’s Supreme Court denies a discount on past dues</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jios-subscriber-additions-may-gain-pace-but-the-money-it-makes-from-each-one-of-them-could-remain-flat/articleshow/84633588.cms">Reliance Jio’s subscriber additions may gain pace, but the money it makes from each one of them could remain flat</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-adds-nine-times-more-subscribers-than-airtel-in-april-2021/articleshow/84367596.cms">Reliance Jio picks up serious pace, adds nine times more subscribers than Airtel in April – Vodafone Idea continues its downward spiral</a>

Reliance Jio adds 42 million subscribers but the average revenue is pretty much the same

You Searched For "RIL Q1" and got 2 results

Reliance Jio’s net profit up 3.2% sequentially at ₹4881 crore in Q3 on better subscriber mix

Bhakti Makwana

Reliance Jio adds 42 million subscribers but the average revenue is pretty much the same

Rounak Jain

Popular Keywords

Buying Guides