Jio continued to lead the industry and gain subscriber share with 8.0 million net additions in the June ’24 quarter to 489.7 million
FinTech BizNews Service
Mumbai, July 19, 2024: Reliance Industries Ltd today declared Q1 FY25 results. It reported a consolidated revenues at Rs257,823 crore ($30.9 billion), up 11.5% Y-o-Y for the Q1 FY25.
Jio Platforms
• Jio Platforms’ EBIDTA for quarter ended June 2024 increased by 11.6% Y-o-Y to Rs14,638 crore
• Jio’s net profit for the quarter grew 11.7% Y-o-Y to Rs5,698 crore
• Jio continued to lead the industry and gain subscriber share with 8.0 million net additions in the June ’24 quarter to 489.7 million. JioAirFiber drove the highest ever quarterly home connects for Jio with over 1.1 million net additions
• Jio’s ARPU was Rs181.7 with better subscriber mix, partially offset by increasing mix of promotional 5G traffic being offered on an unlimited basis to subscribers and not charged separately.
• Jio’s customer engagement levels continued to remain strong with total data traffic increasing by 32.8% to 44.1 billion GB, and voice traffic increasing 6.0% Y-o-Y to 1.42 trillion minutes
• Jio is the largest 5G operator outside China with 130 million 5G subscribers accounting for over 31% of Jio’s wireless data traffic. The entire 5G data is being carried on Jio’s own 5G+4G combo core
Jio has become the fastest company to connect over 1 million premises on Fixed Wireless with healthy demand for AirFiber pan India
Mr. Akash M Ambani, Chairman of Reliance Jio Infocomm said “Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach.
