Reliance Jio has reported a robust growth in net profit for Q2 FY25. The quarterly revenue of the telco went up from Rs 34,548 crore in Q1 FY25 to Rs 37,119 crore. The net profit jumped from Rs 5,693 crore to Rs 6,536 crore. The revenue and profits went up primarily because of tariff hikes and the scale-up of the home and digital services business.
Let's check out the key details for this quarter.
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Reliance Jio Q2 FY25: Key Details Including Net Profit, ARPU, Data and Voice Traffic
Reliance Jio said its customer base went down from 489.7 million to 478.8 million QoQ. However, the telco's ARPU (average revenue per user) went up from Rs 181.7 to Rs 195.1 QoQ, led by tariff hikes. The data traffic growth didn't stop even after tariff hikes as 45 billion GB of data was consumed during the quarter compared to 44.1 billion GB in the previous quarter. The voice traffic was flat at 1.42 trillion minutes.
Jio's 5G customer base reached 148 million by the end of September 30, 2024. This is the largest 5G subscriber base in the world for any telco outside of China. With Jio AirFiber powered by 5G network, Jio has built a portfolio of 2.8 million customers as of September 2024.
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Jio said that scaling up distribution and continuous optimisation of the onboarding process will enable the company to reach 100 million homes in India at record pace.
"Right from inception, Jio has focused on deep tech innovation to create customer and shareholder value. The ongoing transformation created by Jio True5G and JioAirFiber in India’s digital landscape is a testament to this approach. AI is creating the next runway for this transformation, and Jio is committed to developing the world’s best AI ecosystem in India, for all Indians. Jio is committed to delivering robust shareholder returns and has demonstrated strong uplift in financial performance in the current quarter," said Akash M Ambani, Chairman of Reliance Jio Infocomm.
"Growth in Digital Services was led by increased ARPU and improving customer engagement metrics reflecting the strong value proposition of our services. The home broadband segment is witnessing accelerated momentum on the back of our unique industry-leading Jio AirFiber offering," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL).
