Reliance Jio, the telecom giant, has recently announced its Q3 results, revealing a 3% quarter-on-quarter increase in net profit to Rs 5,208 crore. This impressive growth comes as no surprise, considering Jio’s consistent track record of delivering strong financial performances.
One of the key drivers behind Jio’s success is its customer base, which continues to expand at a rapid pace. During the third quarter, Jio added a staggering 37.9 million subscribers, bringing its total user count to 370 million. This remarkable growth can be attributed to Jio’s affordable plans, extensive network coverage, and innovative offerings.
Jio’s revenue for the quarter stood at Rs 18,492 crore, marking a 5.3% QoQ increase. The company’s average revenue per user (ARPU) also witnessed a slight improvement, reaching Rs 128.4, compared to Rs 120 in the previous quarter. This growth in ARPU can be attributed to Jio’s focus on providing value-added services and attracting high-value customers.
Furthermore, Jio’s operating revenue grew by 6.4% QoQ to Rs 19,475 crore, showcasing the company’s ability to effectively monetize its vast customer base. Jio’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter stood at Rs 7,383 crore, with a margin of 37.9%.
Reliance Jio’s performance in the third quarter highlights its continued dominance in the Indian telecom market. With its relentless focus on customer satisfaction, technological innovation, and affordable pricing, Jio is well-positioned to maintain its growth trajectory and further strengthen its market position.