QUARTERLY REVENUE AT Rs 38,750 CRORE, UP 19.2% Y-o-Y
FinTech BizNews Service
Mumbai, January 16, 2025: The Financial and Operational Performance of Reliance Jio Infocomm for the Quarter and Nine Months ended 31st December 2024 have been announced today.
Highlights
QUARTERLY REVENUE AT Rs 38,750 CRORE, UP 19.2% Y-o-Y
QUARTERLY EBITDA AT Rs 16,585 CRORE, UP 18.8% Y-o-Y
TOTAL SUBSCRIBER BASE WAS 482 MILLION AS OF DEC 24, UP 2.4% Y-O-Y
ANOTHER QUARTER OF HEALTHY IMPROVEMENT IN ARPU TO Rs 203.3, REMAINING IMPACT OF TARIFF HIKE STILL TO PLAY OUT
RECORD QUARTER FOR HOME CONNECTS WITH ROBUST 2 MILLION NEW CONNECTS IN 3Q FY25
JIOAIRFIBER IS RAPIDLY GROWING TO GLOBAL LEADERSHIP WITH SUBSCRIBER BASE OF ~4.5 MILLION
JIO CONTINUES TO BE WORLD’S LEADING STANDALONE 5G OPERATOR (OUTSIDE CHINA) WITH SUBSCRIBER BASE OF OVER 170 MILLION
Quarterly Performance (3Q FY25 vs 3Q FY24)
Strong operating revenue growth due to partial impact of tariff hike, ramp up in pace of home connect
and accelerating non-connectivity digital services businesses (60%+ Y-o-Y in 3Q FY25).
Robust EBITDA growth driven by revenue growth and stable margins.
Increasing scale and flow through of revenue and EBITDA resulted in healthy PAT growth.
ARPU increased further to Rs 203.3 with sustained impact of tariff hike and better subscriber mix.
Residual impact of tariff hike still to play out.
Industry leading customer engagement with per capita data consumption of 32.3 GB/ month, and total data traffic growth of 22.0%.
Customer addition has rebounded to pre-tariff-hike levels in the exit month after transient SIM
consolidation.
Net subscriber addition in 3Q FY25 was 3.3 million and monthly churn moderated to 2.0%.
STRATEGIC PROGRESS
Jio continues to drive 5G uptake in India with over 170 million subscribers on True5G network,
accounting for 40% of Jio’s wireless traffic. Jio has deployed multiple global first technologies on its
True5G network including Voice over New Radio (VoNR) certification, slice based and device aware
layer management, need-based bandwidth allocation leading to energy efficiency, location accuracy,
and interference mitigation without capacity loss.
JioAirFiber has transformed the broadband connectivity in the country, especially beyond the top
1,000 cities/towns. More than 70% of incremental JioAirFiber additions are coming from these
previously underserved cities/ towns. Overall pace of home connect for Jio has continued to
accelerate with total installed base of ~17 million.
JioAICloud, the AI powered cloud service was launched for consumers during the quarter offering up
to 100 GB of free cloud storage. Jio, along with the Group, is geared to offer rich bouquet of AI services
for consumers and enterprises on the back of gigawatt scale AI infrastructure in India.
During the India Mobile Congress 2024, Jio unveiled JioBrain, the versatile Machine Learning platform for seamless integration across operations. Multiple AI based offerings were showcased including
JioEducation for immersive learning, JioFrames and JioPartnerWorld for skill development and
supervision of field workforce, and JioKrishi for improving crop productivity. Jio also introduced
JioCloudPC that enables users to convert TV screen into a computer through STB.
LEADERSHIP QUOTE
Mr. Akash M Ambani, Chairman of Reliance Jio Infocomm, said, “Jio has played a key role in digital
inclusion by bringing the world’s best communication technologies for every Indian. Rapid scale up of
5G adoption and proliferating fixed broadband beyond Tier1 towns over the past year, further
strengthens the Digital India mission. Jio will continue to lead the charge in technology innovation by
fully embracing the power of AI to create a connected, intelligent future that is truly transformative.
This will drive sustained value creation over next many years.”
