Jio Grows to 40.56 Crore Subscribers, Adding 73 Lakhs in Q2 2020


Reliance Jio now has a base of 40.56 crore subscribers, Reliance Industries revealed while announcing its earnings for the second one quarter ending September 30 on Friday. The telecom operator, which is already the biggest telco in India, had added 73 lakh subscribers in the quarter, down from the 99 lakh new customers added in the preceding quarter ended on June 30. When it comes to average revenue per user (ARPU), Jio stated that it generated Rs. 145 per subscriber a month in the second one quarter. This shows an increment of 3.2 percent from the Rs. 140.3 ARPU reported in the past.

With its complete subscribers reaching 40.56 crore mark in the September quarter, Jio saw a 13.96 percent of year-over-year growth in its subscriber base from the 35.59 crores reported in the same period final year. The Mumbai-based operator, then again, reported a monthly churn rate of 1.69 percent all over the quarter, which is up from 0.46 percent reported in the first quarter. It said that the increase used to be because of the have an effect on of COVID-19 on SIM consolidation and recharge cycle of migrant population.

“With large capital raise in final six months across Jio and Retail commerce, we have welcomed several strategic and financial investors into Reliance circle of relatives,” said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, in a prepared observation. “We continue to pursue growth initiatives in every of our businesses with a focus on the India possibility.”

Jio said that its average wireless data consumption per user a month used to be at 12 gigabytes (GB) all over the quarter. The operator also famous that it saw an average voice consumption at 776 minutes per user a month. In addition, complete wireless data traffic rose to 1,442 crore GB, up almost 20 percent year-over-year.

Jio earned a quarterly net profit of Rs. 3,020 crores, which shows almost two times increase or over 205.05 percent year-over-year growth from the Rs. 990 crores earned in the same period final year. Standalone revenues from operations that come with access revenues reached Rs. 21,708 crores in the second one quarter from Rs. 12,354 crores generated in the same quarter final year.

Alongside announcing the earning figures, Jio mentioned in its announcement that the Jio UPI pan-India rollout on the MyJio app used to be completed all over the quarter. It used to be first of all rolled out in January to make a choice users. Jio Platforms also completed the entire recent investments, with the exception of the one from Google, the release said.

Final month, Jio launched its Postpaid Plus service with features including unlimited voice calls, access to streaming apps, and in-flight connectivity to expand its postpaid user base in the country — alongside attracting new prepaid customers. The telco also recently announced its partnership with Qualcomm to move towards 5G one day.

Earlier this month, Telecom Regulatory Authority of India (TRAI) announced that Jio became the first mobile operator in the country to cross the mark of 40 crore customers. The operator added 35.54 lakh subscribers in July, as per the data given by the regulator.

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