Jio Platforms fourth quarter internet revenue zooms 47.5% to Rs 3,508 crore


Jio Platforms on Friday posted a internet revenue of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent soar over the year-ago interval, in line with an organization assertion.

Its income from operations got here in at Rs 18,278 crore, a development of about 19 per cent in comparison with the corresponding interval of the earlier yr.

The corporate mentioned its whole buyer base as on March 31, 2021 stood at 42.62 crore.

Throughout the quarter, Jio’s Common Income Per Consumer (ARPU) — a key metrics for telcos — was at Rs 138.2 per, decrease than Rs 151 clocked in December quarter.

“ARPU for Q4FY21 was Rs 138.2, with sequential decline pushed by transition from Interconnect Utilization Fees (IUC) to Invoice and Preserve regime efficient 1st January 2021, and decrease variety of days throughout the quarter,” the corporate mentioned in a press release.

Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, mentioned: “Jio has a extremely engaged 426 million buyer base and stays dedicated to enhancing digital experiences not just for our current clients however, for all people, households, and enterprises throughout the nation. With its path defining partnerships over the past couple of years, Jio will proceed to try in the direction of making India a premier digital society.”

Ambani famous that Covid has introduced forth new challenges for the nation, and added that Jio’s on-the-ground groups are working tirelessly to handle all points for making certain seamless customer support.

JPL (Jio Platforms) closed its first full yr of operations with income and EBITDA of Rs 73,503 crore and Rs 32,359 crore, respectively, regardless of Covid-related challenges, the assertion added. For the complete yr FY21, the online revenue was at Rs 12,537 crore.

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