Reliance Jio Infocomm, a Reliance Group company, on Thursday, reported a 64.7 per cent increase in its standalone net profit for the January-March quarter of the financial year 2018-19, on a year-on-year basis. The standalone net profit for the fourth quarter (Q4) of the last fiscal was Rs 840 crore, up from Rs 510 crore reported during FY 2017-18, a statement from Jio said. Also Read - Jio maintains lead in 4G download speed, Vi in upload in May: TRAI
The company reported a standalone revenue from operations of Rs 11,106 crore during the quarter under review, 55.8 per cent higher from Rs 7,128 crore during the same quarter of the previous fiscal. As on March 31, 2019, the subscriber base of the company stood at 306.7 million, it said, adding that the Average Revenue Per User (ARPU) during the quarter ended March was Rs 126.2. Also Read - Airtel launches new Rs 456 prepaid plan: Check data, validity, call and other benefits
“Customer engagement was healthy with average data consumption per user per month of 10.9 GB and average voice consumption of 823 minutes per user per month,” it said. Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said: “We at Jio are truly overwhelmed and proud to now serve over 300 million subscribers. Growth in data and voice traffic at this scale has been unparalleled.” Also Read - Jio Freedom Plans 2021: Jio launches 5 new prepaid plans with no daily data limit - check details
Ambani further said that Jio’s endeavour is to offer “gold standard” digital experience to all its users across the country. “After successful execution of mobility business, Jio is now focused on catapulting India’s underserved Home and Enterprise connectivity market to global standards with its next-generation FTTX services,” he said.