The above graph represents the average revenue per user (ARPU) of Reliance Jio, starting from fiscal Q1 2018 to the recently completed quarter. In FY Q1 2021 (Apr-June 2020), Jio generated on average Rs 140.3 every month from each subscriber in India. That’s an appreciable 15% YoY increase from the year-ago period when Jio ARPU stood at Rs 122. It is important to note that the telecom operator has been witnessing significant growth in its number of subscribers by each passing quarter.
Growth in Jio Quarterly ARPU: History
|Source||Reliance Industries Limited|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
In fiscal Q2 2018, ended September 30, 2017, Jio subscriber base in India reached to 138.6 million, while the revenue clocked Rs 6,147 crore. The company was generating about Rs 156.4 per month from each of its users. However, despite increasing the number of subscribers and revenue, Reliance Jio ARPU (average revenue per user) declined to Rs 131.7 in FY Q2 2019, ended September 30, 2018.
Surprisingly, in fiscal Q2 2020, the average Jio revenue per user declined to an all-time low i.e. Rs 120. That’s a notable 8.9% YoY and 1.64% QoQ decline in ARPU.
About Reliance Jio: Additional Information
Reliance Jio Infocomm Limited (Jio), an Indian telecommunications company, is a subsidiary of Reliance Industries Limited (RIL) (NSE: RELIANCE), and Microsoft Corporation (NASDAQ: MSFT). The company has its headquarters in Mumbai, India. It is also the first telecom operator to hold pan India Unified License.
On September 05, 2016, Jio commercially launched its 4G services in India. Surprisingly, within the first month of its operations, the company created a world record by acquiring over 16 million subscribers – faster than any other telecom operator or startup in the world.
In just one month of its launch, over 72 million Jio customers signed up for JIO PRIME membership program, making it one of the most successful customer privilege programmes anywhere in the world.
In July 2017, Jio entered into India’s mobile phone market with the launch of 4G LTE feature phone, knows as JioPhone, in a bid to rope in massive 2G user base in the country.
In 2018, Reliance Jio secured the 17th place in the list of World’s 50 Most Innovative Companies (MIC) and the 1st place in the list of Most Innovative Companies in India 2018.
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