Reliance Jio Reports Rs 3795 Crore Net Profit for Q3 FY22, ARPU Up to 151.6

Reliance Industries Limited (RIL), the parent company of Reliance Jio, India’s number one telecom service provider, today released its quarterly earnings report for Q2 FY22. Jio’s gross revenue for the quarter was Rs 24,176 crore ($3.3 billion), which is 13.8% higher YoY (adjusted for IUC). The telco’s EBITDA (earnings before interest tax depreciation and amortisation) stood at Rs 10,008 crore, which is 18% higher YoY during the December 2021 quarter. Note that this is the first time Jio’s quarterly EBITDA has crossed Rs 10,000 crore.

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Reliance Jio’s ARPU Rises to Rs 151.6

Reliance Jio’s average revenue per user (ARPU) figure rose to Rs 151.6 per month, which is a healthy 8.4% YoY growth during the December 2021 quarter. This helped the telco report a net profit of Rs 3759 crore ($511 million), up by 8.9% YoY during Q3 FY22.

Jio’s total customer base as of December 31, 2021, stood at 421 million, the highest amongst all the private telecom operators in the country.

The rise in ARPU was helped by the 20% prepaid tariff hike that got implemented from December 1, 2021.

The telco’s total data traffic during the quarter was 23.4 billion GB which is 47.8% up on a YoY basis. Further, the voice traffic for the quarter also grew by 17.9% YoY to 1.15 trillion minutes.