Jio Platforms Q1 FY24 results
•Jio Platforms' Gross Revenue for the quarter was at a record high of ₹30,640 crore, up 11.3% Y-o-Y
•Jio Platforms' EBITDA for the quarter was a record ₹13,116 crore, up 14.8% Y-o-Y
•Jio Platforms' Net Profit for the quarter was ₹5,098 crore, up 12.5% Y-o-Y
•Jio’s network leadership drives 9+ million net subscriber addition, and ~25GB of per capita data consumption; Jio’s total data traffic jumped 28.3% Y-o-Y to 33.2 billion GB for the quarter; Voice traffic grew 7.2% to 1.34 trillion minutes
•Jio continued to lead industry’s net subscriber addition with 9.2 million adds in the quarter. Monthly churn reduced to 1.8% during the quarter; Customer base stood at 448.5 million as on 30th June 2023
•Jio’s ARPU increased 2.8% YoY to Rs 180.5 driven by better subscriber mix and ramp-up of wireline business
•5G adoption and FTTH ramp-up drives strong 28.3% YoY growth in data usage as monthly data traffic on Jio network crosses 11 Exabytes during the quarter
•Jio has deployed over 115,000 sites with ~690,000 5G cells covering more than 90% census towns and is leading in terms of both network availability and customer experience