RJio Subscriber Base Touches 160 MN; Registers Profit of Rs 504 crore in Q3

Reliance Jio has registered revenues of Rs 6,879 crore for the quarter ended December 2017, up 11.9% over the previous quarter. The company recorded net profit of Rs 504 crore for the quarter,

Total subscriber addition stood at 160 MN for the quarter ended December 2018, with gross subscriber addition of 27.8 million; net subscriber addition of 21.5 million.

The standalone PBDIT stood at Rs 2,628 crore (82.1% over trailing quarter) and PBDIT margin of 38.2% (trailing quarter at 23.5%)

The ARPU was recorded at Rs 154 per subscriber per month. Jio has continued its strong subscriber growth trend with gross addition during the quarter of 27.8

million (as against 19.5 million in the trailing quarter).

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance

Industries said: “I would like to thank all our customers for partnering with us in this revolution which has made India

a global digital powerhouse...Jio’s strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance. We are excited about the prospects of both our energy and consumer businesses due to strong

growth in Indian markets and constructive macro environment.”