Reliance Jio, a leading Indian telecom operator, housed under Reliance Industries, has announced financial results for Q3 FY24. The telco has posted a net profit of Rs 5,208 crore for the quarter ending December 31, 2023. This is a decent jump from Rs 5,058 crore net profit at the end of the previous quarter.
Read More - Reliance Jio Q2 FY24 Results: ARPU, Profit and More
Total income jumped Rs 25,513 crore from Rs 24,856 crore in the previous quarter. For the nine months ending December 31, 2023, Jio posted a net profit of Rs 15,129 crore which was quite higher than Rs 13,491 crore at the end of December 31, 2022.
Reliance Jio Customer Base, ARPU, and More Figures at the End of Q3 FY24
The customer base of Jio went up from 459.7 million at the end of Q2 to 470.9 million at the end of Q3 FY24. The average revenue per user (ARPU) figure didn’t see any growth, and stood at Rs 181.7, the same as the previous quarter.
Data traffic went up to 38.1 billion GB (in the previous quarter, it was 36.3 billion GB), owing to more 5G users. Jio added 11.2 million 5G subscribers during the quarter, outpacing the competition. The monthly subscriber churn rate was 1.7%.
At the end of the quarter, Jio had about 90 million 5G subscribers. Reliance Jio said that JioBharat has over 45% market share in the sub Rs 1000 segment. Jio AirFiber is now present in over 4000 towns and cities.
Akash M Ambani, Chairman of Reliance Jio Infocomm said “Jio has accomplished the fastest rollout of 5G network witnessed anywhere in the world and is now available across India. JioAirFiber has seen strong initial demand and customer engagement, especially in underserved tier 3/4 towns and rural areas. Jio’s ahead of the curve investments on next-generation network, digital technologies and tailor-made products for all customer cohorts will ensure sustainable industry leading growth in coming years.”
