Reliance Jio Q1 Results: ARPU Stays Flat, Profit Rises

Reliance Jio Infocomm Ltd.’s quarterly profit rose even as its average revenue per user remained flat.

Net profit rose 4.2% sequentially to Rs 3,501 crore in the quarter ended June, according to its exchange filing. Analysts’ estimates compiled by BloombergQuint had pegged the bottom line at Rs 3,153.6 crore.

• Revenue rose 3.7% over the previous quarter to Rs 17,994 crore— compared to the Rs 18,014-crore estimate.

• Operating profit rose 3.9% to Rs 8,617 crore.

• Margin expanded to 47.9% from 47.8%.

• Average revenue per user rose stayed largely flat at Rs 138.4 per month.

The mobile operator's total customer base was 44 crore as of June-end. It added 4.2 crore customers in the quarter ended June.

The company dominates India’s mobile market and maintained over 35% gross subscriber market share since July 2020, according to telecom regulator data. It has also maintained a stable market share in terms of active subscribers with 33.5 crore users in April 2021.

Total data traffic for Jio grew 38.5% over the same quarter to 2,030 gigabytes during the quarter. Voice traffic rose 19.5%.

Jio’s parent Reliance Industries Ltd. has reported a 7% sequential decline in profit.