LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » Companies News

Reliance Jio’s adjusted gross revenue fell 12% in April to June quarter

Attractive discounts and freebies have cost Reliance Jio Rs 1036.56 crore in adjusted gross revenue during the first quarter of FY18.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Reliance Jio’s adjusted gross revenue fell 12% in April to June quarter
A Reliance Jio stall at India International Mega Trade Fair in Greater Noida on Aug 4, 2017. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Sat, Sep 30, 2017
03:27 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Reliance Jio offers you 70% buyback on iPhone 8, 8 Plus; here’s the fine print Reliance Jio offers you 70% buyback on iPhone 8, 8 Plus; here’s the fine print
Jio's buyback option on latest iPhones may boost Apple's India presence Jio's buyback option on latest iPhones may boost Apple's India presence
Pay Rs 6,000 for services in order to own the ‘effectively free’ JioPhone Pay Rs 6,000 for services in order to own the ‘effectively free’ JioPhone
Reliance Jio impact: 4G data usage skyrockets to 40 lakh TB in June 2017 Reliance Jio impact: 4G data usage skyrockets to 40 lakh TB in June 2017
Reliance Jio's 4G speeds improve dramatically as freeloaders drop out Reliance Jio's 4G speeds improve dramatically as freeloaders drop out
Key Highlights
  • Jio lost Rs 1036.56 crore in AGR in Q1 FY18.
  • Top three telcos drop in AGR amounted to 3-4% in the same quarter.
  • ARPU of telcos dropped 40.7% since June 2016.

Telecom operator with dirt cheap data packs, Reliance Jio’s adjusted gross revenue (AGR) fell for the first quarter of the financial year (Q1 FY18).

Its revenue tanked 12% in comparison to Q4 FY17. Jio also witnessed the highest drop in AGR in comparison to top three telcos, a report by Telecom Regulatory Authority of India (TRAI) revealed on Thursday.

AGR, as defined by Department of Telecommunication, is the revenue earned by operators from non-core sources like – sale of scrap, corporate deposits, real estate transactions, handset sales and dividend income along with telecom services.

Jio lost Rs 1036.56 crore in Q1 FY18. Its losses stood at Rs 1178.61 crore in Q4 FY17.

In comparison, the drop in revenue for incumbent operators were nearly 3-4%.

India’s telecom major, Bharti Airtel’s revenues stood at Rs 9888.29 crore. Adjusted gross revenue from Idea and Vodafone stood at Rs 6160.91 crore and Rs 7089.42 crore respectively.

“Gross Revenue (GR) and Adjusted Gross Revenue (AGR) of Telecom Service Sector for the QE Jun-17 has been Rs 64,889 Crore and Rs 39,778 Crore respectively,” TRAI said.

However, telcos define AGR as revenue arising only that arising out of telecom services. The matter is still under litigation as telcos were accused of understating their revenue by Rs 61,064.5 crore for five fiscal years.

Further TRAI said, “Monthly Average Revenue per User (ARPU) for Access Services based on AGR declined from Rs 89.34 in QE Mar-17 to Rs 83.41 in QE Jun-17.”

Consequently average revenue per user (ARPU) for the telcos has been on a declining trend since the launch of Reliance Jio. Average ARPU stood at Rs 83.41, TRAI said.

In the April to June quarter of 2016 average ARPU of the industry stood at Rs 140.88. This was a 40.7% decline.

Source: TRAI

On the back of higher free and unlimited calling schemes, TRAI data also revealed that the minutes of usage (MOU) of operators had significantly increased post Jio’s lauch.

Average MOU for GSM customers was 428 minutes.

“On an all India average, the overall MOU per subscriber per month for GSM service increased by 5.72% from 405 for QE Mar-17 to 428 in QE Jun-17,” TRAI said.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Reliance JioAdjusted Gross RevenueAGRARPUtelecos revenueAirtelIdeaVodafoneTelecom
RELATED NEWS
Reliance Jio offers you 70% buyback on iPhone 8, 8 Plus; here’s the fine print Reliance Jio offers you 70% buyback on iPhone 8, 8 Plus; here’s the fine print
Jio's buyback option on latest iPhones may boost Apple's India presence Jio's buyback option on latest iPhones may boost Apple's India presence
Pay Rs 6,000 for services in order to own the ‘effectively free’ JioPhone Pay Rs 6,000 for services in order to own the ‘effectively free’ JioPhone
Reliance Jio impact: 4G data usage skyrockets to 40 lakh TB in June 2017 Reliance Jio impact: 4G data usage skyrockets to 40 lakh TB in June 2017
Reliance Jio's 4G speeds improve dramatically as freeloaders drop out Reliance Jio's 4G speeds improve dramatically as freeloaders drop out

LATEST NEWS

Indigo Paints IPO Price Band, Ranking, Equity Shares, Valuation to Brand Ambassador I Important message for retails investors

Should Debt Investments be part of your long term portfolio?

Home First Finance IPO Price Band, Equity Shares and Valuations II Key details explained

Stocks To Buy With Anil Singhvi: Sanjiv Bhasin recommends buy on BEL, Tata Power, for high returns

Mid-cap Picks with Anil Singhvi: Coromandel International, Bayer Crop and Bank of India are stocks to buy today

Amazon Great Republic Day Sale and Flipkart Big Saving Days Sale | Big discounts on iPhone 12 mini, iPhone 11, Samsung Galaxy F41, Redmi 9 Power, Samsung Galaxy M51

Vivo Y20G launched at under Rs 15000; Check price, colours, feature; know HDFC Bank, Bajaj Finserv, ICICI Bank offers

WhatsApp, other digital platforms free to do business in India but without compromising on sanctity of personal data: IT minister Prasad

Goods and Services tax (GST) return: File your return for December by tomorrow or face penalty | Here are five easy steps to do it

Shah Rukh Khan, Akshay Kumar, Ranveer Singh, Anil Kapoor to Preity Zinta - Bollywood ecstatic after India logs historic victory over Australia in Brisbane

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved