Jio has revealed Its Own Consumer base increased to 186.6 million in Q1 2018 up from 160.1 million it’d announced in the previous quarter, with 26.5 million new users added in the Interval.Announcing its results for the quarter, the Mukesh Ambani-encouraged Jio also said its average revenue per user (ARPU) stood at Rs. 137.1 at the January-March period, lower than the Rs. 154 ARPU it reported for the previous three months; chief rival Airtel also a fall in ARPU this quarter, from Rs. 123 into Rs. 116. Jio also claims that at 0.25 percent, its client support is the lowest in the telecom market.
Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) said concerning the Q1 2018 outcomes, “A full social social, cellular and digital revolution has been underway throughout the world, and I am glad that India isn’t being left behind whatsoever with the dawn of Jio. The strong financial consequences of Jio at a competitive marketplace environment illustrates the robustness of this Jio business model and ability to offer you the maximum value to our customers and partners. Jio has demonstrated that it can scale and sustain its strong financial performance”
Jio says its subscribers across the country consumed 506 crore GB data in Q1 2018, with 9.7GB average data intake per person per month. Similarly, for voice calls, the total calling traffic on the system was 37,218 crore minutes during the period, together with the average subscriber consuming 716 minutes a month. The operator also said that the video consumption stands at over 240 crore hours a month on its own network, and an average customer viewing roughly 13.8 hours of videos in a month.
While the company did not reveal how many components of Jio Phone 4G-enabled handset it sold, it did say, “The growth in subscriber base is becoming further accelerated with the increasing accessibility of Jio Phones.”
As for the financials, Jio — which went rewarding for the first time from the Dec 2017 quarter — stayed in the black, with a net gain of Rs. 510 croresthough a few have questioned Jio’s accounting procedures. This represents a 1.2 percent increase in net profit during the previous quarter. Likewise, the revenue stood at Rs. 7,128 crores in the past quarter, up 3.6 percent.
It was in the previous quarter which Jio acquired a vast majority stake in music streaming service Saavn and merged its JioMusic service with it. Also, it gave a complimentary 1-year expansion to Prime membership to all readers who had paid for its support before March 31, 2018.