Jio ARPU Decreased to Rs 130 During Q3 FY19; Subscriber Base Reaches 280.1 Million

Reliance Jio today announced its financial results for Q3 FY19, and as expected, the Mukesh Ambani-owned company posted healthy profits along with steady subscriber growth. As per the data revealed by Jio, the company’s quarterly operating revenue has crossed Rs 10,000 crore within just two years of operations. While the company’ subscriber base saw a decent growth during the quarter, the Average Revenue per User (ARPU) has decreased from Rs 131 to Rs 130. However, Jio is still leading in terms of ARPU compared to other telcos whose ARPU has already dipped in Q2 FY19. Talking about usage by subscribers on Jio network, they are consuming a whopping 3 Exabyte data every month and the data usage during the quarter was recorded at 864 crore GB. Not only data usage but voice calling usage is also recorded to be higher on Jio network in Q3 FY19.

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Reliance Jio Reports 65% Jump in Net Profit in Q3 FY19

Reliance Jio on Thursday reported a jump of 65% in its net profit to Rs 831 crore during the December 2018 quarter, mainly on account of a rise in customer base. The company had recorded a net profit of Rs 681 crore in the corresponding period a year ago.

While average revenue per user of Reliance Jio continued to decline, the impact seems to have mitigated with a sharp increase in customer base to 281.1 million by the end of December, from 160 million in the year-ago period.

“The Jio family is now 280-million strong and growing on one of the world’s largest mobile data networks, in line with our vision of connecting everyone and everything, everywhere always at the highest quality and the most affordable price. We are similarly working on re-inventing the connectivity solutions market for Homes and Enterprise with our next generation FTTX services,” Mukesh D Ambani, chairman and managing director, Reliance Industries Ltd.