The above graph represents the Reliance Jio operating revenue by quarter, starting from fiscal Q1 2017 to the most recent quarter. In fiscal Q2 2020 (July-Sep 2019), Jio revenue from operations reached an all-time high of Rs 12,354 crore, with an impressive 33.7% year-over-year increase. On a quarterly basis, the telecom operator recorded a 5.8% growth in its operating revenue.
Reliance Jio Revenue from Operations: History
|Source||Reliance Industries Limited, RJIL|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
Reliance Jio (RIL) is popularly known as the world’s fastest-growing telecom operator ever since the commencement of its operations on September 5th, 2016. In just one year after the commercial launch, the Jio quarterly revenue from operations clocked Rs 6,147.06 crore in FY Q2 2018, ended on September 30th, 2017, from just Rs 0.01 crore in FY Q2 2017, ended on September 30th, 2016.
In FY Q3 2019 (Oct-Dec 2018), the quarterly revenue of Jio crossed Rs 10,000 crore mark for the first time. The telecom operator generated Rs 10,383 crore in revenue from its operations, with an astonishing 50.9% YoY increase.
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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