Jio Q4 results preview: Profit likely to double; ARPU may range between Rs 130-136

New Delhi: Reliance Jio’s profit for fourth quarter this fiscal is expected to more than double year-on-year, aided by tariff hikes in December and incremental subscriber addition. Jio’s strong performance will also support parent Reliance IndustriesNSE 3.01 % (RIL) from what analysts believe could have been ‘the weakest quarter in years’ as its oil and gas segment is facing collapse in demand due to COVID-19 lockdown.

“While RIL’s cyclical business earnings could post a steep decline in Q4, earnings expansion in the telecom (RJio) and retail businesses could save the day,” brokerage firm BOBCAPS said in a report. “RJio earnings could improve further in Q1FY21 as data usage surges post the enforced economic lockdown.”