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Reliance Jio Register 47.5% YoY Growth during Q4 20-21

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VoicenData Bureau
New Update
Reliance Jio posts stellar Q3 results

Reliance Jio released its consolidated data for the last quarter of the last fiscal year. Notably, the telco registered a 47.5% growth in Net Profit YoY during Q4 of FY 2020-21.

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Reliance Jio Post Solid Figures

Some of the key figures from the past quarter are as follows:

Consolidated Financials (₹ crore) 4Q’ 20-21 4Q’ 19-20 YoY Growth
Value of Services 21,650 17,993 20.30%
Revenue from Operations 18,278 15,373 18.90%
EBITDA 8,573 6,289 36.30%
EBITDA margin 46.90% 40.90% 600bps
EBIT 5,509 4,080 35.00%
Net Profit 3,508 2,379 47.50%
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The telco ended the quarter with 426 million subscribers in the country, making it the largest in the country. The Mukesh Ambani-led telecom operator made ₹18,278 crore in consolidated profit, while also making ₹3,508 crore in consolidated net profit. Notably, that is 47.5% growth from during the same time frame in the fiscal before.

What's more, Reliance Jio posted an ARPU (Average Revenue Per User) of ₹138.2/subscriber/month, which is one of the best in the sector. During the same time frame, its users consumed 1,668 crore GB of data, up by 17.9% on-year. Along with the data, Jio's customer used 1,03,290 crore minutes of voice as well.

Speaking on the occasion, Mukesh Ambani, Chairman and MD, Reliance Industries Limited, said, "Jio has a highly engaged 426 million customer base and remains committed to enhancing digital experiences not only for our existing customers but, for all individuals, households, and enterprises across the country. With its path defining partnerships over the last couple of years, Jio will continue to strive towards making India a premier digital society. "

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Covid has brought forth new challenges for the country. Jio’s on-the-ground teams are working tirelessly to address all issues for ensuring seamless customer service. Jio’s focus remains on making lives easy for all citizens through our digital solutions while ensuring safety of our employees and partners", he added.

Jio Platforms Limited Post Strong Financials

Reliance Jio's parent firm, Jio Platforms Limited, completed its first full year of business. JPL has done so with revenue and EBITDA of ₹73,503 crore and ₹32,359 crore respectively. Furthermore, quarterly JPL operating revenue was ₹18,278 crore. Like-for-like growth in operating revenue was ~30% YoY in Q4FY21.

Also, quarterly EBITDA margin increased 600 bps YoY to 46.9% with EBITDA at ₹8,573 crore.

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