Reliance Jio shares: ril results: Reliance Jio’s net income rose 22.9 per cent to Rs 4,313 crore in the last quarter of 2021-22. But has consistently lost customers for the 3rd quarter.
Mumbai, First Published May 7, 2022, 1:43 PM IST
Reliance Jio’s net profit rose 22.9 per cent to Rs 4,313 crore in the last quarter of fiscal 2021-22. But has consistently lost customers for the 3rd quarter.
While Reliance Jio is growing in revenue growth and data usage, new customer attendance is declining and customer loss is increasing. During the quarter ended March 2022, Reliance Jio’s customer subscriptions declined by 1.09 crore to 41.02 crore.
Operating income rose 21.8 per cent to Rs 22,261 crore. On an average, Reliance’s revenue per customer rose to Rs 167.60, up 21.3 per cent in the fourth quarter.
The increase in revenue comes in November last year after all mobile companies raised tariffs. Revenue before interest, tax and credit increased by 27.4 per cent to Rs 10,918 crore.
Reliance Jio said in a statement, “We are piloting the 5G service in 8 states. The peak is 1.5 bps. ”
Reliance Industries’ net profit rose 22.5 per cent to Rs 16,203 crore in the March quarter. It was Rs 13,277 crore in the last quarter of last fiscal.
Last Updated May 7, 2022, 1:48 PM IST
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