Reliance Jio Infocomm reported a net profit of ₹4,173 crore for the quarter ended March 31, 2021, marking a 24% increase year-on-year compared with ₹3,360 crore seen in the corresponding quarter of the previous year.

The telecom major recorded a rise in revenue from operations at ₹20,901 crore during the quarter under review, as opposed to ₹17,358 crore seen in the year-ago period. The company’s total income for the quarter stood at ₹20,945 crore, against ₹17,381 crore a year ago.

Jio paid ₹6,533 crore as network operating expenses and ₹2,504 crore as license fees and spectrum charges in Q4 FY22, higher than ₹5,754 crore and ₹1,952 crore under both heads respectively in Q4 FY21. Employee benefit expenses increased to ₹368 crore from ₹345 crore in the same quarter last year.

Total expenses for the March quarter of FY22 stood at ₹15,353 crore, compared with ₹12,883 crore in the corresponding quarter of FY21.

The net profit for the entire financial year 2021-22 stood at ₹77,204 crore compared with ₹70,436 crore for the previous fiscal.

The revenue for operations at the end of FY22 increased to ₹76,977 crore, against 69,888 crore a year ago. Total income surged to ₹77,204 crore from ₹70,436 crore.

Jio saw its average revenue per user (ARPU) improve to ₹ 167.6 per user — and increase of 21.3% on annual basis — following a tariff hike, better subscriber mix and ramp-up of FTTH services. The company had a subscriber base of 410.2 million as on March 31, 2022, as SIM consolidation post the December 2021 tariff hike led to a net reduction of 10.9 million in customer base in March quarter.

It registered a 47.5% year-on-year growth in total data traffic at 24.6 billion GB during the quarter under review, whereas total voice traffic increased 16.8% on-year to 1.2 trillion minutes during this period. For the full year total data traffic and total voice traffic increased to 91.4 billion GB and 4.51 trillion minutes, growing 46.3% and 17.9% on-year, respectively.

Gross subscriber addition in Jio’s connectivity business continued to remain strong with total gross addition of 35.5 million in Q4 FY22 with sustained traction in mobility and FTTH businesses.

jio quarterly results

Reliance Jio Q4 net profit soars 24% to ₹4,173 cr