Reliance Jio Infocomm Limited (Jio) reported a loss of Rs 271 crore for the quarter ended September 30, 2017 (Q2 FY18). Its operating revenue for the period stood at Rs 6,147 crore, while its EBITDA for the quarter stood at Rs 1,443 crore. The company posted earnings before interest and taxes of Rs 260 crore.
For the six-month period from September 2016 to March 2017 (H2 FY17), the company had posted a loss of Rs 22.5 crore. The telecom company had reported a loss Rs 7.46 crore in the same period in FY16. Reliance Jio’s overall losses for FY17 had stood at Rs 31.37 crore, which increased from Rs 15.71 crore in FY16.
At the end of the quarter, the company claims to have had 138.6 million subscribers, but doesn’t mention how many of these are active. It’s worth noting that in July 2017 only 76.11% of Reliance Jio’s 128.58 million connections were active: a total of 97.86 million.
- Data consumption at 10GB per month.
- 626 minutes of VOLTE voice per month.
- 14 hours of video consumption per month.
- ARPU of Rs 156 per month.
- 378 crore GB data consumption in the quarter.
- 267 crore minutes of VOLTE voice per day.
- 178 crore hours per month of video consumption.
Interestingly, digital services that Reliance Jio believes needs to explored further, include: advertisement platform, customer engagement platform, content & media services, IoT services, and digital payments, wireless data connectivity, and fiber to the home (FTTH) & enterprise.
Data card market: Last month, a study by research firm Cyber Media Research (CMR), showed that JioFi accounted for 91% of the data card market in Q2 2017 in terms of shipments, while its nearest competitor Huawei had a mere 3% share. Among this, LTE/4G supported data cards accounted for 97% of the market, wiping out all 3G standard data cards.