Jio s Q4FY21 revenues were down 5.7 per cent sequentially with Average Revenue Per User (ARPU) declining 8.5 per cent quarter on quarter from Rs 138 due to the removal of interconnect charges (IUC) in Q4, it observed. Jio added 15.4 million subscribers in Q4FY21; a significant improvement after the slowdown witnessed over the previous three quarters; the company added 10.8 million, 7.3 million and 5.2 million subscribers in Q1, Q2 and Q3, respectively, UBS analysis said.
Since sector regulator s data shows that Jio added only 2 million users in January 2021, the latest Q4 report card implies that a strong uptick occurred in February and March.
UBS said that the impact of the ongoing second wave of COVID-19 on subscriber additions will be a key monitorable going ahead.
Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement. Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the corresponding period of the previous year. The company said its total customer base as on March 31, 2021 stood at 42.62 crore. During the quarter, Jio s Average Revenue Per User (ARPU) a key metrics for telcos was at Rs 138.2 per, lower than Rs 151 clocked in December quarter. ARPU for Q4FY21 was Rs 138.2, with sequential decline driven by transition from Interconnect Usage Charges (IUC) to Bill and Keep regime effective 1st January 2021, and lower number of days during the quarter, the company said in a statement.
Jio Platforms Q4 results: Net profit zooms 47.5% to Rs 3,508 crore
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Last Updated: Apr 30, 2021, 10:04 PM IST
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Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the corresponding period of the previous year.
The company said its total customer base as on March 31, 2021 stood at 42.62 crore.
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NEW DELHI: Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement.
Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the corresponding period of the previous year.
Jio Platforms Q4 results: Net profit zooms 47 5% to Rs 3,508 crore india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
PRESENTATION OF FINANCIAL RESULTS
VEON s results presented in this earnings release are based on IFRS unless otherwise stated and have not been audited.
Certain amounts and percentages that appear in this earnings release have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including those in tables, may not be an exact arithmetic aggregation of the figures that precede or follow them.
All comparisons are on a year on year (YoY) basis unless otherwise stated.
The non-IFRS measures disclosed in the document, i.e. EBITDA, EBITDA margin, Net Debt, Equity Free Cash Flow (after licenses), Operational Capital Expenditures, Capex Intensity, local currency year on year change, ARPU are defined in Appendix A.