Reliance Jio Sky Rockets ARPU at Rs 167.6 in Q4 FY22

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Reliance Industries Limited (RIL) has just announced annual performance results along with data for the fourth quarter of FY22. In the report, the performance of Jio Platforms Limited (JPL), a wholly owned subsidiary of RIL, were also revealed.

Reliance Jio’s average revenue per user (ARPU) increased from Rs 151.6 in Q3 FY22 to Rs 167.6, a healthy growth of 10.5% QoQ and 21.3% YoY. Positive ARPU growth was expected after the implementation of the prepaid price increase. At this rate, the ARPU of Jio and even Airtel will soon reach the levels of Rs 200.

The company’s net profit jumped to Rs 15,487 crore in FY22 and Rs 4,313 in the fourth quarter of FY22. Net profit for the year jumped 23.6% in year-on-year with a total customer base of 410.2 million.

Total data traffic for the quarter and year increases

Total data traffic in FY22 was reported at 91.4 billion GB, a year-on-year growth of 46.3% and for the last quarter it was 24.6 billion GB, up 47.5% year-on-year. Voice traffic also saw a significant positive jump.

In the fourth quarter of FY22, average data and voice consumption per user per month increased to 19.7 GB and 968 minutes, respectively.

In the fourth quarter of FY22, Jio’s gross additions were 35.5 million subscribers with continued traction in the mobility and FTTH businesses. The company said SIM card consolidation after the price hike led to a drop in the user base of 10.9 million in the last quarter.

Reliance Jio is the number one FTTH service provider in India

Providing services to more than 6 million households nationwide, Reliance Jio has become the country’s leading FTTH service provider. JioFiber had also recently launched Entertainment Bonanza plans to provide a lucrative service to users opting for the low-end plans.

The company is also preparing to launch 5G services in several cities across the country in FY23. It will be worth watching Airtel’s ARPU in the last quarter after the price hikes.

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