Reliance Jio Q1 Results: Standalone PAT Jumps 12% YoY To Rs 5,445 Crore; ARPU, Subscribers, All Details Here

Reliance Jio Infocomm Ltd, the largest telecom services provider backed by India's largest company Reliance Industries, has announced its first quarterly earnings report for FY25. RJio earned a standalone net profit of Rs 5,445 crore in Q1FY25.

Q1FY25 PAT was up by 11.96% from Rs 4,863 crore posted in Q1FY24. While net profit was at Rs 5,337 crore in March 2024 quarter.

Meanwhile. Reliance Jio's standalone revenue came in at Rs 26,478 crore, rising by 10.13% from revenue of Rs 24,042 crore reported in the same quarter a year ago. Whereas, the company's latest revenue is also up from Rs 25,959 crore in Q4FY24.

In the quarter, the value of services of Jio stood at Rs 31,159 crore, as against Rs 28,289 crore in Q1FY24.

Moreover, Jio's total expense came in at Rs 19,266 crore in June 2024 quarter. Of the total, network operating expenses stood at Rs 7,923 crore, license fees or spectrum charges were worth Rs 2,433 crore in Q1FY25. Total expenses were at Rs 17,594 crore in Q1FY24 and at Rs 18,917 crore in Q4FY24.

During the quarter, EBITDA jumped by 11.6% YoY to Rs 14,638 crore, primarily led by healthy revenue growth and operating leverage. Also, EBITDA margins dipped by 50 basis points to 49.7% from 50.2% in Q1FY25.

Notably, Jio continues to lead the industry and gain subscriber share with 8.0 million net additions in 1Q FY25. Monthly churn was 1.7%.

In the quarter, ARPU was at Rs 181.7 with better subscriber mix, partially offset by increasing mix of promotional 5G traffic being offered on an unlimited basis to subscribers and not charged separately.

Meanwhile, Jio's engagement levels continued to remain strong with total data and voice traffic increasing by 32.8% and 6.6% Y-o-Y, respectively.

It needs to be noted that Jio is the largest 5G operator outside China with ~ 130 million subscribers accounting for over 31% of Jio's wireless data traffic. The entire 5G data is being carried on Jio's own 5G+4G combo core.

Akash M Ambani, Chairman of Reliance Jio Infocomm said "Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach."

On the latest tariff hike, Jio said, furthering its commitment to strengthen the telecom industry, where every Indian is empowered with a true digital life, Jio announced its new unlimited plans effective July 3, 2024. These new plans imply an increase of 13%-25% vs previous plans. Jio would continue to provide truly unlimited 5G data on its leading plans at no additional cost and JioBharat / JioPhone users will continue to enjoy the existing tariffs. With these new plans, Jio continues to deliver best value and quality to all Indians.

As per Mukesh Ambani, the digital services business registered an impressive financial performance year-on-year, continuing its positive growth momentum. Jio's True 5G network, covering ~85% of India's 5G capacity, continues to attract users, while the fixed broadband offerings are witnessing increasing consumer traction both in homes and enterprises. The attractive value proposition offered by Jio is enabling more Indians to transition to next-gen data networks.

The richest man of India, added, this is further accelerating the digital revolution which is reshaping communications, analytics and computing, media and entertainment and commerce in India. Jio is committed to provide the best-quality state-of-the-art network at most affordable prices globally.

Lastly, JioAirFiber continues to see strong uptake and engagement pan India, owing to its unique proposition as an entertainment-first product bundled with world-class broadband connectivity. On the back of this strong demand, Jio has recorded its highest ever quarterly home connects at over 1.1 million. Network slicing on Standalone 5G network and Jio's unique point-to-multipoint deployment is transforming fixed broadband infrastructure in India.