The above graph represents the Reliance Jio expenses by quarter, starting from fiscal Q1 2017 to the recently completed quarter. During the three months ended March 2020, the quarterly expenses of Jio increased 14.7% YoY, to Rs 11,961 crore. However, it was nearly 1.43% decline from the previous quarter when the total operating expenses of Jio surged to an all-time high of Rs 12,134 crore.
The total expenses include Network operating expenses, access charges, license fees/spectrum charges, employee benefits expense, finance costs, depreciation and amortisation expense, selling and distribution expenses, and others.
Growth in Quarterly Expenses of Jio: History
|Source||Reliance Industries Limited, RJIL|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
During FY Q2 2017, the quarterly expenses of Reliance Jio amounted to Rs 6.25 crore, while the total operating revenue was Rs 0.01 crore.
Surprisingly, in just one year, the telecom operator increased its overall expenses to a whopping Rs 6,562.54 crore, representing 106.8% of its total operating revenue during FY Q2 2018 (July-Sep 2017).
In FY Q4 2019, ended March 31, 2019, Jio operating expenses crossed Rs 10,000 crore mark for the first time since inception. The company reported a strong 64.3% YoY increase in its expenses, amounting to Rs 10,427 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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