Reliance Jio reports 10.9 million reduction in subscriber base in the previous quarter, while ARPU rose

India’s largest telecom operator Reliance Jio on Friday reported a nearly 24 per cent jump in standalone net profit at Rs 4,173 crore for the fourth quarter ended March 2022 due to tariff hike, better subscriber mix and ramp-up of FTTH services. Between up to a better yield per user. ,

Standalone revenue from operations grew nearly 20.4 per cent year-on-year to Rs 20,901 crore.

Mobile SIM consolidation led to a net reduction of 10.9 million subscriber base in Q4 FY22 after tariff hike last December.

For live Platforms – the entity that holds the telecom and digital business – posted a consolidated net profit of Rs 4,313 crore for the recently ended quarter, up nearly 23 per cent year-on-year. The gross revenue for the March 2022 quarter stood at Rs 26,139 crore, an increase of about 21 per cent.

The total subscriber base stood at 410.2 million as of March 2022, while ARPU – a key metric for all telcos – rose to Rs 167.6 per subscriber per month during the quarter.

The average revenue per user or ARPU for the December quarter was pegged at Rs 151.6 per subscriber per month.

“The ARPU during the quarter at Rs 167.6 per subscriber per month witnessed a year-on-year growth of 21.3 per cent and a quarter-on-quarter growth of 10.5 per cent,” parent Reliance Industries said in a statement.

Total data traffic during the quarter stood at 24.6 billion GB, which translated into a growth of 47.5 percent.

According to the company statement, Jio Platforms’ gross revenue grew to Rs 95,804 crore for the full FY22, up 17.1 per cent over the previous fiscal (adjusted for interconnect usage charges).

Jio Platforms’ net profit for FY22 stood at Rs 15,487 crore, up 23.6 per cent over the previous fiscal.

For the financial year ended March 31, 2022, telecom services arm Reliance Jio’s consolidated PAT grew nearly 23 per cent to Rs 14,854 crore as compared to Rs 12,071 crore in FY11.

Annual revenue from operations grew by about 10.3 per cent to Rs 77,356 crore in 2021-22.

“There was a net reduction of 10.9 million in the subscriber base in 4Q FY22 due to SIM consolidation following the December 2021 tariff hike,” the statement said.

With continued traction in the mobility and FTTH (Fiber to the Home) businesses, gross customer additions remained strong with total gross additions of 35.5 million in 4Q FY22.

During the fourth quarter of fiscal year 2012, average data and voice consumption per user per month increased to 19.7 GB and 968 minutes, respectively.

“Jio is now the #1 FTTH service provider in the country with over 6 million connected premises. The average daily engagement of Jio subscribers on set-top-box is more than five hours,” the company said.

Jio has conducted extensive 5G field trials in eight states, testing a comprehensive suite of products including M-MIMO, Macro, Outdoor and Indoor Small Cell.

“Peak user throughput in these tests was over 1.5 Gbps. Multi-vendor interoperability and interworking have also been verified,” the statement said.

spectrum liability loaded RIL With a net debt of Rs 34,815 crore during the quarter.

While there has been a strong performance on the digital side, refinancing of high-cost spectrum liabilities of Rs 30,971 crore has led to a turnaround in net debt, RIL’s Joint Chief Financial Officer Srikanth Venkatachari said during an earnings call.

Jio had paid spectrum dues of Rs 30,971 crore to the government in January.

Jio Platforms President Kiran Thomas said that the company is building 5G networks to get closer to the consumers and the rollout of services is expected soon.

He further added that Jio Optic has become a leader in fiber-based broadband connections and has more than doubled the number of connections added by the rest of the industry.

The Indian market is gearing up for the rollout of 5G services that will offer ultra high-speed and new-age offerings and business models.

The countdown for the mega spectrum auction has begun and telecom regulator TRAI last month recommended a reduction of around 39 per cent in the reserve or minimum price for sale of radio waves for mobile services, including the latest 5G offering, as it will reduce revenue. matched the expectations. The paying capacity of the industry.

TRAI’s latest recommendations will lay the groundwork for spectrum auction in 2022 to facilitate the rollout of 5G mobile services by private telecom providers within 2022-23.

Telecom Minister Ashwini Vaishnav has recently said that the government may auction 5G spectrum in early June. DoT is working as per the expected time frame and process is on to address the concerns of the industry around spectrum pricing.

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