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Tuesday, May 26, 2020

Reliance Jio now bigger than Airtel, adds 24.5 million subscribers in Q1FY20

Reliance Jio customers used 1,090 crore GB of data during the first quarter of the financial year (Q1FY20) while voice calling consumption was at 78,597 crore minutes.

By: Tech Desk | New Delhi | Updated: July 19, 2019 8:41:12 pm
jio, reliance jio, reliance jio q1 results, reliance jio growth, reliance jio q1 growth, reliance jio q1fy20 results, reliance jio q1fy20 earnings, reliance jio results, reliance jio subscribers, reliance jio bigger than airtel, reliance jio consumers, reliance jio data consumption Reliance Jio’s per capita data consumption stood at 11.4GB per month. (Image source: Reuters)

Reliance Jio’s total subscriber base grew by the net addition of 24.5 million subscribers during the first quarter of the current financial year (Q1FY20). While the per capita consumption of data stood at 11.4GB per month, the VoLTE voice consumption stood at 821 minutes per month, the company said in a stock exchange filing.

According to the regulatory filing, as much as 1,090 crore GB of data was used during the quarter by Jio customers across the country, while voice consumption stood at 78,597 crore minutes.

The company had 331.3 million subscribers by the end of the quarter ended June, up from 306.7 million in the March quarter and 215.3 million in the year-ago period, the data on the regulatory filing showed.

“Reliance Jio maintained strong momentum in subscriber addition with gross adds of 33.8 million during the quarter,” the company said in a statement.

As per the data provided by the telco, Reliance Jio’s net profit for the quarter stood at Rs 891 crores, up by 45.6 per cent from Rs 612 crores during the year-ago period (Q1FY19). The net profit was also 6.1 per cent higher from Rs 840 crore in the previous quarter (Q4FY19).

The telecom service provider’s operating revenue during the rose by 44 per cent on-year and 5.2 per cent on-quarter to Rs 11,679 crore. Jio’s EBITDA (Earnings before interest, tax, depreciation and amortization) margin rose 130bps (basis points) on year and 110 bps on quarter to 40.10 per cent.

The revenue from digital services business jumped 54.50 per cent on-year to Rs 14,910 crore in Q1FY20.

Also Read|Reliance Jio pips Airtel to become India’s second largest mobile operator in May: TRAI

The Mukesh Ambani-led telecom operator became the second largest in the country after it overtook Airtel in terms of total subscribers, according to the latest data by the Telecom Regulatory Authority of India (TRAI). Reliance Jio had 322.98 million customers by the end of May 2019 against 320.38 million users of Airtel, as per TRAI data.

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