**Reliance Jio Sees Revenue Growth Amid Strong Subscriber Gains**
Reliance Jio has reported a significant increase in average revenue per user (ARPU) for the April-June quarter, driven by robust subscriber growth in both mobile and home broadband services, alongside heightened data consumption on its network. Jio Platforms Ltd, the parent company of Reliance Industries Ltd’s telecom and digital services, announced a 1.2% sequential rise in consolidated net profit, reaching ₹7,110 crore for the June quarter. Additionally, consolidated revenue from operations grew by 3.07% sequentially to ₹35,032 crore.
Year-on-year, Jio Platforms experienced a remarkable 19% increase in revenue and a 25% rise in net profit for the quarter ending in June. As India’s largest telecom operator by market share, Reliance Jio, a subsidiary of Jio Platforms, continues to dominate the market, particularly as telecom companies explore monetization strategies for 5G services and enhance user engagement. Jio’s growth is particularly notable as it continues to capture market share from Vodafone Idea Ltd, which is seeking further financial assistance from the government to remain viable.
On a standalone basis, Reliance Jio’s revenue from operations surged 17% year-on-year and 2.9% quarter-on-quarter to ₹30,882 crore, aligning closely with the average estimates of ₹30,900 crore from three brokerage firms. The net profit for the standalone operations increased by 23.2% year-on-year and 1% sequentially to ₹6,711 crore. During this quarter, Jio surpassed 200 million 5G subscribers and achieved 20 million home broadband connections. Mukesh Ambani, chairman and managing director of Reliance Industries, noted that Jio AirFiber has become the largest fixed wireless access (FWA) service provider globally, boasting 7.4 million subscribers.
By the end of June, Jio’s 5G subscriber count reached 213 million, up from 191 million in the previous quarter. The monthly ARPU rose by 1.3% sequentially and 14.9% year-on-year to ₹208.8, attributed to recent tariff hikes. In the June quarter, Jio added 9.9 million subscribers, bringing its total subscriber base to 498.1 million, compared to 6.1 million additions in the previous quarter. The monthly user churn rate stood at 1.8%.
Jio’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 24% year-on-year and 6.6% sequentially to ₹18,135 crore in the June quarter, with the EBITDA margin rising by 1.7 percentage points sequentially to 51.8%. The company is also witnessing strong growth in its cloud gaming platform, Jio Games, its cloud storage service, JioAICloud, and JioPC, its virtual desktop offering. Jio is poised to expand its 5G capabilities with a cloud-native core network into international markets.
Total data traffic surged by 24% year-on-year and 11.9% sequentially to 54.7 billion GB in the June quarter, fueled by the increase in fiber broadband and AirFiber users. Monthly average data consumption per user on Jio’s network rose to 37 GB, up from 33.6 GB in the previous quarter and 30.3 GB in the same period last year.
**FAQ**
**What factors contributed to Reliance Jio’s revenue growth in the latest quarter?**
Reliance Jio’s revenue growth was primarily driven by strong subscriber additions in mobile and home broadband services, increased data consumption, and recent tariff hikes, leading to a rise in average revenue per user (ARPU).