Reliance Jio Q3FY19: 7 key highlights from this result
The Reliance Industries' telecom arm Reliance Jio witnessed a net profit of Rs 831 crore in December 2018 (Q3FY19) quarter, which was an increase of massive 65% compared to net profit of Rs 504 crore in Q3FY18.
Reliance Jio Q3 Results: The Reliance Industries' telecom arm Reliance Jio witnessed a net profit of Rs 831 crore in December 2018 (Q3FY19) quarter, which was an increase of massive 65% compared to net profit of Rs 504 crore in Q3FY18. On the other hand, RJio is already touching some milestone, as its operating revenue stood at Rs 10,383 crore, rising by a whopping 50.9% from Rs 6,879 crore in Q3FY18.
Here's a list of 7 key factors that took place in RJio during Q3FY19.
Strong Customer Engagement!
Jio has sustained its pace of underlying subscriber additions with net addition during the quarter of 27.9 million (as against the previous four-quarter average of 28.4 million).
Gross adds at 32.7 million with the lowest industry churn rate at 0.61% per month.
Customer engagement stayed healthy with average data consumption per user per month of 10.8 GB and average voice consumption of 794 minutes per user per month.
Video consumption drove most of the usage, increasing to 460 crore hours per month.
JioPhone Monsoon Hungama offer (by Reliance Retail) with exchange policy and Rs 501 upfront commitment has continued to witness good customer traction.
Superior and Next-Gen Network!
Expansion of all-IP 4G LTE network coverage to 99% of the population is on track to be completed over the next few months.
Jio is the only network to deploy tri-band (850MHz/ 1800MHz/ 2300MHz) 4G across all its network sites.
World’s largest VOLTE network, supporting 2x traffic growth over the past year and maintaining experience (lowest call drop rate at 0.12%).
Ranked as the fastest network over the last 23 months by TRAI’s MySpeed Analytics app (average download speed of 18.7 Mbps during December 2018, as per TRAI)
Transfer of Fibre and Tower Undertakings to separate companies!
RJIL proposes to transfer its fiber undertaking and its tower undertaking to separate companies, through Scheme of Arrangement.
RJIL to enter into arrangements for long-term uninterrupted use of these assets
Composite Scheme of Arrangement for this purpose among RJIL, Jio Digital Fibre Private Limited and Reliance Jio Infratel Private Limited filed in the Ahmedabad NCLT on 7th January 2019.
FTTH and Enterprise Services!
JioGigaFiber services for Home broadband, Entertainment, Smart Home Solutions.
Wireline and Enterprise have witnessed overwhelming customer interest across 1,400 cities.
Jio is currently connecting homes on priority based on the requests received and optimizing its service offerings Reliance Industries Limited, parent of the Company, awaits regulatory approvals to complete the recently announced investment in Den Networks Limited and Hathway Cable and Datacom Limited. Post completion of the transaction, Reliance and Jio will be strengthening the business model of 27,000 LCOs that are aligned with DEN and Hathway across 750 cities, by creating multiple future opportunities with new services and platforms.
Largest Distribution and Service Network!
Pan-India distribution channel with over 1 million retailers.
Efficient sales channel has successfully transitioned to the new digital KYC and onboarding process during the quarter and sustained the underlying run-rate of subscriber additions.
Continuous enablement of distribution channel through the latest platforms and services.
Auto-recharge and Auto-pay to get a zero-touch service experience.
MyJio is the most popular self-care app with additional features to enable single customer touch point across services.
— Zee Business (@ZeeBusiness) January 17, 2019
Suite of Differentiated Digital Offerings!
JioTV is the best rated live and catch-up TV app; JioCinema is the most popular video-on-demand app; JioSaavn is a music powerhouse with over 45 million songs in 15 languages.
JioMags and JioNews are other highly popular customer offerings
Integrated JioSaavn platform launched during the quarter.
Strategic arrangement with Disney to get all of Disney content on Jio Cinema platform.
The Kumbh JioPhone, a unique and differentiated digital solution, is being introduced to enrich the spiritual experience and simplify lives of millions of pilgrims during the holy dip.
Financial Performance Reflects Robust Business Fundamentals!
The strong financial performance led by sustained growth in subscriber base, industry-leading ARPU, and strong customer engagement.
Sustained market share gains over the past six quarters with quarterly operating revenue now over Rs 10,000 crore within six quarters of commercial operations.
Robust operational efficiency is reflected in the industry-leading EBITDA margin of 39% which has driven the reported EBITDA over ₹ 4,000 crore during the quarter.