INSUBCONTINENT EXCLUSIVE:
MUMBAI: Reliance Jio Infocomm reported its seventh straight profitable quarter, with earnings growing at a higher-than-expected 46% on the
a continued drop in average revenue per user (ARPU)
The key performance metric fell for the sixth consecutive quarter to Rs 122 from Rs 126.1 in January-March.
ARPU declined as the Mukesh
not include interconnect usage charges (IUC) in its ARPU calculation
Other operators have a component of IUC
So, it is not like to like
If we include IUC in our number, it will be significantly higher and if we remove IUC from their ARPU, it will come down drastically
The markets had estimated Jio would ring in a profit of about Rs 800 crore
Earnings rose 6.1% from the previous quarter.
Jio added a net 24.5 million subscribers in the quarter for a total of 331.3 million
Monthly average data usage per user rose to 11.4 GB from 10.9 GB while voice consumption per user fell to 821 minutes per month from 823
minutes in the previous quarter.
Helped by higher data usage, operating revenue rose 5.2% sequentially to Rs 11,679 crore and 44% on year
Dhamija, partner and head of India - Middle East at Analysys Mason
Total expenses rose 5.2% on quarter and 36% on-year to Rs 10,326 crore, driven by a rise in network operations, finance and depreciation and
amortisation costs, the company said.
