The above graph represents the Reliance Jio net income by quarter, starting from fiscal Q1 2017 to the recently completed quarter. Reliance Jio net profit reached an all-time high of Rs 2,520 crore in FY Q1 2021, with an astonishing 182.8% YoY growth. On a quarterly basis, the company reported a 8.1% growth in its net profit. The fiscal quarter ended March 31, 2020 was the first time when the telecom operator reported over Rs 2,000 crore in net profit in a single quarter.
The operating revenue of Jio also reached an all-time high of Rs 14,835 crore during the same quarter.
Jio Quarterly Net Profit/Loss: History
|Source||Reliance Industries Limited, RJIL|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
The quarterly net loss of Reliance Jio increased from just Rs 3.9 crore in FY Q2 2017 (July-Sep 2016) to a whopping Rs 270.59 crore in FY Q2 2018 (July-Sep 2017).
Reliance Jio reported its first profitable quarter in fiscal Q3 2018 (Oct-Dec 2017) when the net profit clocked Rs 504.38 crore. Interestingly, in just two years, the quarterly net profit of Jio got doubled; the company reported an appreciable 62.5% YoY growth in its net profit, amounting to Rs 1,350 crore. This was the first time when the telecom operator generated over Rs 1,000 crore in net profit, while the total revenue was Rs 13,968 crore.
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.
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