The above graph represents the Reliance Jio revenue and net income by quarter, starting from fiscal Q1 2017 to the recently completed quarter. The quarterly operating revenue and net profit of Jio, both reached an all-time high in fiscal Q4 2020 (Jan-Mar 2020). The telecom operator generated a record-high revenue (standalone) of Rs 14,835 crore from its operations, with a net profit of Rs 2,331 crore.
Jio Quarterly Revenue and Net Profit: History
|Source||Reliance Industries Limited, RJIL|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
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.
In fiscal Q3 2019, Jio quarterly revenue crossed Rs 10,383 crore for the first time since inception. The company reported an impressive 50.9% YoY growth in revenue from operations. The net profit also increased 64.8% YoY to Rs 831 crore during the same quarter.
As the graph shows, during the third quarter ended December 31, 2019, Jio net profit surged 62.5% YoY, to Rs 1,350 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.
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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