The above graph represents the Reliance Jio revenue and net profit by quarter, starting from fiscal Q1 2017 to the most recent quarter. The quarterly operating revenue and net profit of Jio, both reached an all-time high in fiscal Q2 2020 (July-Sep 2019). The telecom operator generated a record-high revenue (standalone) of Rs 12,354 crore from its operations, with a net profit of Rs 990 crore.
Jio Quarterly Revenue and Net Profit: History
|Source||Reliance Industries Limited, RJIL|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
Reliance Jio, the world’s fastest-growing telecom operator, has been witnessing significant year-over-year and quarter-over-quarter growth in its operating revenue and net profit since fiscal Q3 2018.
One must note that Jio reported its first profitable quarter in fiscal Q3 2018. The company generated Rs 6,879.42 crore in operating revenue, with a net profit of Rs 504.38 crore. Interestingly, exactly after one year, Jio quarterly revenue and net profit more than doubled, amounting to Rs 10,383 crore and Rs 831 crore, respectively.
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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