Reliance’s Jio now has seen a base of 40.56 crore subscribers, which the company disclosed while declaring its earnings for the 2nd quarter that ends on 30th September. It had added seventy-three lakh subscribers in the quarter, down from the ninety-nine lakh latest users who are added in the preceding quarter which ended on 30th June. In terms of average revenue per user, the company has stated that it was able to generate INR 145 per subscriber every month in the 2nd quarter. This displays an increase of 3.2% from the INR 140.3 Average Revenue Per User reported formerly.
With its over-all subscribers who are reaching to 40.56 crore mark in the September quarter, the firm has seen a growth of 13.96% each year in its subscriber base which was 35.59 crores in 2019. The Mumbai-based operator, although, has reported a monthly churn rate of 1.69% during the quarter, which is up from 0.46% which is reported in the 1st quarter. Jio has said that the upsurge was due to the COVID-19’s impact on the SIM union and the recharge cycle of migratory residents.
Image from Reliance’s Jio
Jio said that its normal wireless data consumption every user per month was at twelve gigabytes during the quarter. The operator also figured that it had seen an average voice consumption at seven hundred seventy-six minutes every user a month. Additionally, total wireless data traffic rose to one thousand four hundred forty-two crore gigabytes, which is almost twenty percent every year.
Jio earned a quarterly net profit of INR 3,020 crores, which displays almost 2 times increase or over 205.05% each year increase from the INR 990 crores which is earned in the same period in 2019. Standalone revenues from operations that comprise access incomes reached INR 21,708 crores in the 2nd quarter from INR 12,354 crores produced in the same quarter in 2019.
Along with proclaiming the earning figures, Jio stated in its statement that the Jio UPI pan-India release of the MyJio application was finished during the quarter. It was primarily released in January to select users. Jio Platforms also finished all the current investments, exclusive of the one from Google.