Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, said growth in Digital Services was led by increased ARPU and improving customer engagement metrics, reflecting the strong value proposition of services.
Reliance Jio has also announced the results of the second quarter of the current financial year. The company has informed in its exchange filing that its earnings and profits have increased in the July-September quarter.Reliance Jio Infocomm, the telecom business, clinched a 23.1 per cent increase in standalone net profit for Q2 FY25 to Rs 6,231 crore.
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The revenue from operations of Jio Platforms – which houses Reliance Industries’ telecom and digital businesses rose 18 per cent to Rs 31,709 crore in the just-ended September quarter. The gross revenue stood at Rs 37,119 crore in Q2 FY25, 17.7 per cent higher than the corresponding period of the previous year.
The revenue from operations of Reliance Jio Infocomm – the largest of three private telecom players in the Indian market – climbed almost 14.5 per cent year-on-year to Rs 28,338 crore.
Akash Ambani Says, ‘ Jio to develop world’s best AI ecosystem’
Akash Ambani, Chairman of Reliance Jio Infocomm, said Jio since its inception 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 a strong uplift in financial performance in the current quarter,” he added.
Average Revenue Per User Jumped
ARPU – a key metric for telcos – increased to Rs 195.1 with the partial follow-through of the tariff hike and a better subscriber mix, Reliance said in its earnings release.
The ARPU was substantially higher (by 7.4 per cent) compared to Rs 181.7 in Q1 FY25 and Q2 FY24.
The full impact of the tariff hike will flow through in the next 2-3 quarters, according to an earnings statement.
Engagement levels continued to remain strong, with total data and voice traffic increasing by 24 per cent and 6.4 per cent, respectively.
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Jio’s Subscribers Declined
The total subscriber base stood at 478.8 million in Q2 FY25, lower than 489.7 million in Q1 FY25, following some bit of SIM consolidation that the company expects to taper down going forward.
Jio has reached 148 million subscribers on 5G in less than two years of the launch and continues to be the largest 5G operator outside China, the company said.
Per capita data consumption increased to 31GB/month, with a higher mix of 5G and home users.
The fiscal second quarter marked another record quarter for home connects, it said, adding that Jio is the fastest-growing fixed wireless operator globally, with over 2.8 million JioAirFiber connections.
(With inputs from PTI)
