Reliance Jio has released its Q4 FY 2017-18 performance report moments ago. In the report, Jio posted positive net income in the first year of commercial operations. The net profit for the year stood at Rs 723 crore and that too in a competitive market. Alongside the revenue aspect, Jio also revealed the numbers of the company such as subscriber base, data usage by the subscribers and more. During the quarter that ended on March 31, 2018, Jio users consumed a record 506 crore GB of 4G data which resulted in 17.4% QoQ growth in terms of data consumption. The company also revealed that its subscriber base as of March 2018 is 186.6 million, further marking itself as the world’s fastest-growing digital services platform.
During the Q4 FY18, Jio posted a standalone net profit of Rs 510 crore up by 1.2% from Rs 504 crore. The standalone operating revenue stood at Rs 7,128 crore, which is increased by 3.6% to Rs 6,879 crore. The Average Revenue Per User (ARPU) during the quarter stood at Rs 137.1 subscriber per month. The Earnings before interest, taxes, depreciation, and amortization (EBITDA) is up by 2.5% to Rs 2,694 crore from Rs 2,628 crore.
Speaking about Jio’s entire FY 2017-18 highlights, the telco reported a net profit of Rs 723 crore, operating revenue of Rs 20,154 crore, EBITDA of Rs 6,734 crore and EBIT of Rs 3,158 crore.
As mentioned, the total wireless data traffic during the quarter was 506 crore GB and the total voice traffic during the quarter was 37,218 crore minutes. Also, Jio maintained the strong subscriber growth trend with net addition during the quarter of 26.5 million as against 21.5 million in the previous quarter. The overall subscriber base of Jio now stands at 186.6 million as of March 31, 2018.
The gross additions for the month are 27.9 million and churn of only 1.4 million, which implies to the lowest industry churn rate of 0.25% per month. It is also revealed that the average data consumption per user each month was 9.7 GB and average voice consumption per month was 716 minutes per user. Video consumption stood at over 240 crore hours per month on the Jio 4G network.
During the quarter, Jio also continued its expansion of 4G network coverage in existing areas to achieve 99% population coverage. And some known facts are Jio is still the only network operator to deploy pan-India 4G across the 800MHz/ 1800MHz/ 2300MHz bands and it’s also the world’s largest mobile data consumption network.
Reliance Jio is now chasing the 200 million subscriber mark, which the telco at the current growth rate will achieve in the next couple of months. The net subscriber addition for the company during the year 2017-18 was at 83 million, which is down when compared to Jio’s initial days, nevertheless, it’s better than any other telco in the market. Jio also confirmed that the growth in subscriber base is getting further accelerated with the increasing availability of JioPhones, but the telco did not reveal the number of JioPhones it sold during the period.