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Jio added 10 million net subscribers every month in FY18-19: Q4FY19 earnings

Reliance Industries' digital services business reported operating revenues of Rs 13,609 crore for the quarter ended March 31, 2019 (Q4FY19), reporting a 62% year-on-year increase and 10.6% growth over the last quarter. The company reported 12.8% growth over the last quarter in consolidated EBIT to Rs 2,665 crore. Subscribers and ARPU this quarter Subscriber base as on March 31, 2019 was 306.7 million, up 64% YoY Net subscribers additions during quarter was 26.6 million, slightly lower than net additions of 27.8 million in the previous quarter, up 0.4% YoY On an average Jio added over 10 million net subscribers per month in FY18-19 Gross additions were 33.2 million after disruption in the previous quarter due to new KYC process Jio carried 71% of 4G data traffic in country during CY18 The company said usage metrics on JioPhone were comparable to smartphone users Monthly churn of 0.75% Monthly ARPU Rs 126.2 per subscriber during the quarter, down from Rs 130 per user in the previous quarter JioSaavn has over 45 million songs in 15 languages JioTV has over 630 channels with live and catch-up content, JioCinema has content across 11 languages including from Disney, Eros Now, and ALT Balaji Jio metrics Wireless data traffic of 956 crore GB in the quarter, up 89% YoY and up from 864 crore GB last quarter Voice traffic during the quarter of 72,414 crore minutes, almost doubled YoY (95% increase), and up from 63,406 crore minutes last quarter Average data consumption per user per month…

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