Reliance Jio profits jumps 44.9% to Rs 3,651 cr with net addition of 14.3 million subscribers during Apr-June

Reliance Jio on Friday reported a net profit of Rs Rs 3,651 crore during the first quarter of financial year 2021-22. The company recorded a jump of 44.9 per cent in profits for Jio platform from Rs 2,519 crore net profit reported during the first quarter of FY21. During the period, the EBITDA for Jio platforms stood at Rs 8,892 crore whereas the revenue for operations stood at Rs 18,952.

For the period April to June 2021, Jio recorded a net addition of 14.3 million subscribers driven by traction across mobility and homes. As on June 30, 2021, Reliance highlighted that its customer base is at 440.6 million. During the quarter, total data traffic was 20.3 billion GB. At the same time, Jio witnessed voice traffic at 1.06 trillion minutes, a 19.5 per cent growth Y-o-Y. According to the company, churn reduced further during the quarter to 0.95 per cent “on the back of customer focused initiatives to minimize COVID led disruption. These included complimentary offers for JioPhone users, Emergency Data Loan, WhatsApp recharge option, and Freedom Plans with no daily data limits.”