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Reliance Jio reports Rs 612 crore profit for Q1FY19, has 215 million subscribers

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Reliance Jio Infocomm Limited (Jio) reported a net profit of Rs 612 crore, up 20% for the quarter ending June 30, 2018. Its operating revenue for the period stood at Rs 8,109 crore, while its EBITDA for the quarter stood at Rs 3,147 crore. In the previous quarter (Q4FY18), the company had posted a lower operating revenue of Rs 7,128 crore and EBITA of Rs 2,694 crore. As of the end of the quarter (June 30), the company claims to have 215 million subscribers, up 15.4% from 186.6 million in the previous quarter. The company doesn’t mention how many of these are active. Subscriber metrics Data consumption:  10.6 GB per month per user, up 9.27% from the previous quarter. VOLTE voice: 744 minutes of VOLTE voice per month per user, up 3.91% from the previous quarter. Video consumption: 15.4 hours per month per user, 11.59% from the previous quarter. ARPU: Rs 134.5 per month, down 1.8% from the previous quarter.  Operational metrics 642 crore GB data consumption in the quarter, up a massive 26.9% from the last quarter. 490 crore minutes of VOLTE voice per day, up 18.4% from the previous quarter. 340 crore hours per month of video consumption, up a staggering 41.7% from the last quarter. The company’s strong performance continued to surprise many industry experts as its bitter rivals continued to tumble in the wake of the pricing wars. Last week, market leader, Bharti Airtel has reported a net profit of Rs 97.3 crore in Q1FY19, recording a massive fall of 74% as compared to the same…

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