Jio ARPU Increases From Rs 120 to Rs 128 On Back of IUC Recharges

The parent company of Reliance Jio, headed by the billionaire Mukesh Ambani, Reliance Industries Limited (RIL) filed its quarterly earnings report today. This means that we got to know a great deal about the business of Reliance Jio in the past three months, the third quarter of FY20. This quarter has been a major one for the telecom companies with the data tariff hike introduction and increase of the price of prepaid plans, and also the introduction of the IUC recharges for the Jio customers which help the users make calls to other operators at 6 paise per minute. In its quarterly earnings report, Reliance Jio has shared lots of important figures and has revealed the number of added subscribers in this time period. Reliance Jio has amassed 37 million subscribers in this quarter and has reported significant improvement in EBITDA and other parameters.

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Jio Increases Margin, EBITDA and Operating Revenue

One of the prime indicators of business performance is the EBITDA, in which Reliance Jio reported that it cashed in Rs 5,601 crore as compared to the Rs 5,166 crore in the previous quarter of FY20. The operating revenue of the company also went up to Rs 13,968 crore up from the previous figure of Rs 13,130 crore. Another positive parameter for Reliance Jio was EBITDA margin, which was 39.3% in the last quarter, but in the third quarter, this EBITDA margin went to 40.1%. Speaking of net profits, the figure which was just Rs 990 crore in the previous period, came up to Rs 1,350 crore in the quarter being studied. It is also worth noting that Reliance Jio had exceptional items deducted from its standalone net profit too which were in the quantum of Rs 177 crore in the name of AGR dues.