• About
  • Contact
Sunday, January 17, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Reliance Jio Records ₹1,350 crore net profit in Dec quarter, ARPU Grows

Pritish raj by Pritish raj
January 18, 2020
in News, Tech
2 min read
0
Jio market cap revenue- next Big Brand

Jio revenue- next Big Brand

Share on FacebookShare on Twitter

Reliance Jio Infocomm Ltd, India’s largest and only profitable telecommunications operator, reported a 62.5 percent year-on-year increase in net profit for the December quarter to some 1,350 crores, backed by its move from free voice calling to impose user charges for calls made to other operators.

The company’s operating revenue rose 28.3 percent y-o-y to approximately 13,968 crores, while its average revenue per user (Arpu) increased to approximately 1128.4, despite consecutive declines in the last seven quarters, following its decision to charge 6 paise per minute for calls made to rival networks. As of December-end, it had 370 million subscribers.

Arpu is the operator’s total revenue divided by its network’s number of users or connections. Jio’s Arpu steadily declined from < 154 in the quarter of December 2017 to ~120 in the quarter of September 2019.

Jio said on 10 October that it would charge users 6 paise a minute for calls made to other networks to compensate for interconnecting usage fees (IUC) that it would have to pay to rival operators.

The operator said in October that it “had been forced, most reluctantly and eventually” to make the shift after the decision of India’s Telecom Regulatory Authority (Trai) to revisit the date for the scrapping of IUC from 1 January 2020 resulted in regulatory uncertainty. “Jio became a net recipient of access charges within two months of the introduction of IUC tariffs, with outgoing traffic in total off-road.

This was paired with the related removal of overly heavy voice users, with the underlying churn remaining stable, “Jio said on Friday. The average data consumption per user per month was 11.1 GB and the average voice consumption was 760 minutes per user per month, Jio said.

Airtel and Vodafone Idea have yet to release their December Quarter financial results.

Arpu’s Rival Airtel dropped from € 129 in the June quarter to € 1128 in the September quarter. For the September quarter, Vodafone Idea’s Arpu was ~107.

The loss of Vodafone Idea during the quarter of September stood at about 50,922 crore— the highest in corporate history in India. At about 23,045 crores in the quarter ended September, Airtel also recorded its highest quarterly loss in 14 years.

After the Supreme Court upheld the definition of adjusted gross revenue (AGR) by the Department of Telecommunications, the companies reported record losses for setting aside money to pay government license fee dues.

According to the DoT, AGR includes all of a license holder’s revenue, including that from non-core telecom operations such as rent, dividend, and interest income. License and bandwidth charges are measured respectively at 8 percent and 3-5 percent of AGR.

Although its competitors face enormous AGR duties, Reliance Jio has become India’s number one telecommunications operator by both subscriber base and revenue market share, achieving the feat in just over three years of start-up. The Mukesh Ambani-led company added 5.6 million mobile subscribers in November, taking its total user base to 369.93 million, and replacing Vodafone Idea as the country’s largest mobile service provider by subscribers, data released by the sector regulator on Thursday showed.

With this, Jio has a 32.04 percent share in the Indian mobile services market of over 1.15 billion subscribers.

Previous Post

Jio Becomes No.1 telco by user base & revenue After 3 Years Of Launch

Next Post

Amazon Is on A Journey to Create 1 million Jobs in India

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
Amazon Is on A Journey to Create 1 million Jobs in India

Amazon Is on A Journey to Create 1 million Jobs in India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

transport shuts down - next bug brand

First the Automakers & Now Entire Transport Shuts Down in India Due to Fears of COVID-19

10 months ago
Paytm Payment Business

Payment Business of Paytm has grown by 2400% In Last 3 Year

12 months ago
Yes Bank Founder- Next Big Brand

Founder Of YES Bank Sells All but 900 YES Bank shares, worth Rs 60,000

1 year ago
chris daniel and chris cox

CPO Chris Cox and Whatsapp VP Chris Daniels Leave Facebook

2 years ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry
  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion

Instagram

Follow Me!

Latest News

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

January 17, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.