Jio has revealed its Consumer base increased to 186.6 million in Q1 2018, up from 160.1 million it’d Declared in the previous quarter, Using 26.5 million new users added in the period.Announcing its results for the quarter, the Mukesh Ambani-encouraged Jio also stated its average revenue per user (ARPU) stood at Rs. 137.1 at the January-March period, lower compared to Rs. 154 ARPU it reported for the previous three months; main rival Airtel also a fall in ARPU this year, by Rs. 123 to Rs. 116. Jio also asserts that at 0.25 percentage, its customer support is the cheapest in the telecom industry.
Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) stated about the Q1 2018 outcomes, “A full-blown societal, cellular and digital revolution has been underway throughout the planet, and I am happy that India is not being left behind whatsoever with the dawn of Jio. The strong financial results of Jio in a competitive marketplace environment demonstrates the robustness of this Jio business model and ability to offer you the maximum value to our customers and partners. Jio has shown it can scale and preserve its strong financial performance”
Jio states its subscribers throughout the nation have 506 crore GB information in Q1 2018, with 9.7GB average data consumption per user per month. Likewise, for voice calls, the total calling visitors on the system was 37,218 crore minutes during the period, with the average subscriber consuming 716 minutes per month. The operator also said the video consumption stands at over 240 crore hours a month on its network, and an average customer watching approximately 13.8 hours of videos per month.
While the company did not disclose how many units of Jio Phone 4G-enabled handset it marketed, it did say, “The growth in subscriber base is becoming further accelerated with the increasing accessibility of Jio Phones.”
As for the financials, Jio — that went rewarding for the first time in the Dec 2017 quarter — remained in the black, with a net gain of Rs. 510 croresthough a few have contested Jio’s accounting methods. This represents a 1.2 percent increase in net profit during the last quarter. Likewise, the earnings stood at Rs. 7,128 crores in the previous quarter, up 3.6 percent.
It had been in the previous quarter that Jio obtained a vast majority stake in music streaming service Saavn and merged its JioMusic service with it. Also, it gave a free 1-year extension to Prime membership to all subscribers that had paid for its service before March 31, 2018.