Reliance Jio Q1 Results: PAT grows 25% YoY to Rs 7,110 crore; ARPU at Rs 208.8

Reliance Jio, the telecom and digital arm of RIL, reported a 25% YoY growth in its net profit at Rs 7,110 crore in the first quarter. While, revenue from operations grew 19% YoY and stood at Rs 41,054 crore in the same period.

“I am happy to share that Jio has scaled newer heights during the quarter, including crossing 200 million 5G subscribers and 20 million home connects,” said Mukesh Ambani.

ARPU for the quarter improved significantly to Rs 208.8 in the first quarter, compared with Rs 206.2 in preceding quarter and Rs 181.7 in the year-ago period.

Operating revenue was growth driven by strong subscriber growth momentum across mobility and homes, increased customer engagement and growth in digital services business.

EBITDA for the first quarter increased 24% YoY to Rs 18,135 crore, while EBITDA margins improved 210 bps to 51.8%. The growth driven by higher revenues and strong margin improvement.