Reliance Jio adds 11.2 million subscribers, the most in 10 quarters

 

Reliance Jio adds 11.2 million subscribers, the most in 10 quarters





Reliance Jio 



Reliance Jio Q3 result: The telecom company’s revenue rose to ₹25,368 crore for the third quarter, as compared to ₹24,750 crore in the preceding quarter. The revenue is largely in line with the CNBC-TV18 poll estimate of ₹25,360 crore India no1 network


















The 3% growth in profit, at ₹5,208 crore for the October to December 2023 quarter, was slightly higher than the CNBC-TV18 poll profit projection of
 ₹5,150 crore.


The telco's revenue rose to ₹25,368 crore for the third quarter of the financial year, as compared to ₹24,750 crore in the preceding quarter. The revenue is largely in line with the poll estimate of ₹25,360 crore
HomeEarnings NewsReliance Jio Adds 11.2 Million Subscribers, The Most In 10 Quarters

Reliance Jio adds 11.2 million subscribers, the most in 10 quarters

Reliance Industries' telecom division Reliance Jio Infocomm added 11.2 million customers, more than anytime in the last ten quarterP


The 3% growth in profit, at ₹5,208 crore for the October to December 2023 quarter, was slightly higher than the CNBC-TV18 poll profit projection of ₹5,150 crore.
The firm registered a profit of ₹5,058 crore in the July to September 2023 quarter.

The telco's revenue rose to ₹25,368 crore for the third quarter of the financial year, as compared to ₹24,750 crore in the preceding quarter. The revenue is largely in line with the poll estimate of ₹25,360 crore.
Jio’s earnings before interest, taxes, depreciation, and amortisation (EBITDA), a measure of profitability, rose to ₹13,277 crore in the last three months of 2023, from ₹12,953 crore a year earlier. The EBITDA is a little lower than the poll forecast of ₹ 13,450 crore.
The EBITDA margin, meanwhile, was flat at 52.3%.
Reliance Jio's net customer addition exceeds the CNBC-TV18 poll expectation of 10 million, and the total customer base now stands at 470.9 million.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries said, “Jio has completed in India the fastest rollout of True 5G. services anywhere in the world. Every city, town, and village in the country is now equipped with high-speed digital connectivity…The strong uptake of the JioBharat phone and JioAirFiber services has resulted in continued expansion of Jio’s subscriber base.”
Also Read | Reliance Industries Q3 Results: Record EBITDA for Oil & Gas, Retail revenue crosses ₹80,000 crore
The average revenue per user (ARPU) increased to ₹181.7, 2% more than the same quarter last year but unchanged compared to the immediately preceding three months.
This comes with a better subscriber mix partially offset by unlimited data allowance on 5G network, Reliance said in its statement on Q3 results.
Market expert Prakash Diwan, explains that Jio numbers show that close to 15% plus of the overall revenue is coming from 5G which has yet not been priced as per market. "So there's enough room for a ARPU hike, price hike which could lead to some improvement in ARPUs, which has not yet happened. It could probably
Location: India

Comments

Post a Comment

Popular posts from this blog

H2O Wireless APN Settings (2024) – Step By Step Guide

Image
H2O Wireless APN Settings (2024) – Step By Step Guide Are you looking H2O Wireless APN Settings? This guide will answer all your queries. These settings can be used in Android devices as well as in iPhone’s Follow any of the below settings to fix all problems related to mobile internet data and multimedia messages (MMS). Please restart your device after saving new settings. How To Change APN Settings ? Please visit this page to check how you can access APN settings in your device. Either IOS or Android and than set the values accordingly. For Android Users For iPhone Users H2O Wireless APN Settings: Name : H2O APN APN : PRODATA Proxy : Port : 80 Username : Password : Server : MMSC : http://mmsc.mobile.att.net MMS proxy : proxy.mobile.att.net MMS port : 80 MCC : 310 MNC : 410 Authentication Type:  PAP APN type : default,mms,supl,hipri APN Protocol : APN Roaming Protocol : Bearer : Alternate Settings 1: Name : H2O APN APN : PRODATA Proxy : Port : 80 Username : Password : Server : MMS...
Read more

how to close apps on iphone

Image
  Close an app on your iPhone or iPod touch If an app won’t respond or seems frozen, you can close it, then open it again. How to close an app You should close an app only if it’s unresponsive. The way you close an app depends on the type of device that you have. Find your iPhone or iPod touch model below, then follow the steps. Or learn    How to close an app on your ipad iPhone X and later From the Home Screen, swipe up from the bottom of the screen and pause in the middle of the screen. Swipe right or left to find the app that you want to close.   Swipe up on the app's preview to close  the app.  iPhone SE, iPhone 8 and earlier, and iPod touch Double-click the Home button to show your most recently used apps.  Swipe right or left to find the app that you want to close.   Swipe up on the app's preview to close the app. iOS 16 isn't supported on iPhone SE (1st generation), iPhone 7, iPhone 6, iPhone 6s, and iPod touch.
Read more

how to hide apps on iphone 17

Image
  How to hide your iPhone apps Apps & Trick TIps This guide is designed to show you how to hide apps on your iPhone, this can be easily achieved on your iPhone with just a few simple steps.  This relatively obscure, yet incredibly practical functionality is just one of the many features that make the iPhone such a versatile and user-friendly device.  This guide aims to demystify the entire process, provid ing you with the information and understanding you need to successfully hide apps on your iPhone whenever the need arises.   The motivation behind wanting to hide apps on your iPhone can be varied and numerous, and you may find yourself in a situation where this feature becomes invaluable.  One of the most common reasons people choose to hide apps is that their home screen becomes overpopulated with an array of different applications.  This abundance can lead to an aesthetically cluttered and disorganized interface, making it more difficult to find the...
Read more