Reliance Jio Passes 300 Million Subscriber Mark, ARPU Increased to Rs 126 per Month During Q4 FY19

The Mukesh Ambani led telecom operator, Reliance Jio has been growing in leaps and bounds ever since it stepped in the telecom sector of India. The telecom operator turned the industry almost upside down and brought a 4G revolution with its cheap data tariff plans in the country when it forayed in the sector back in 2016. Since then, the telecom operator has continued its golden streak and remains the only telecom operator in India currently registering profits, unlike others which are sinking under losses and bleeding along with the telecom industry. Now, Reliance Jio has come out with its Q4 reports for the FY19 and the telecom operator has added yet another feather to its cap as it has crossed the milestone figure of 300 million subscribers.

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300 Million Subscribers, Highest Profitable Quarter and More Achievements

The first notable point in Reliance Jio’s quarterly report is the milestone subscriber acquisition figure of 300 million. It is also worth noting that the telco has become the first operator globally to amass 300 million subscribers this fast. The telco also revealed that it saw a strong financial performance for the FY19 with operating revenue standing at Rs 38,838 crore and an and industry-leading EBITDA margin of 38.9%. The financial report also highlighted that the operating revenue of the telco was the highest in the fourth quarter and stood at Rs 11,106 crore with the QoQ growth coming out to be 7% and YoY growth coming out to be 55.8%.