Reliance Jio launches new plan, full cashback on recharges

Ahead of Diwali festival, Reliance Jio today launched two new offers for its mobile users — an all unlimited annual plan of ₹ 1,699 and 100% cashback on mobile phone recharges. Under the unlimited annual plan of ₹ 1,699, users get access to unlimited data (maximum of 1.5 GB per day of high speed internet), unlimited voice calls, 100 SMS per day.

The new ₹ 1,699 plan gives you complimentary membership to a host of Jio Premium apps comprising JioTV JioCinema, JioMusic, JioMags, etc.

Under the second Diwali offer, Jio’s pre-paid customers can recharge with ₹ 149 or more to get 100% cashback in the form of coupons which can be used for buying goods at Reliance Digital stores or MyJio stores.

But to make a purchase using coupons, you will have to make a transaction of at least ₹ 5,000 which means that you will have to buy recharge coupons totalling ₹ 5,000.

Reliance Jio is offering recharges of upto ₹ 9,999.

The offer is valid till 30th November and the coupons received during this offer will have to be redeemed within 31st December 2018.

Reliance Jio on Wednesday reported a post-tax profit of ₹ 681 crore for the September quarter on increase in revenue and subscriber additions which crossed 252 million. The company, an arm Reliance Industries, had reported a loss of ₹ 271 crore in the year-ago period and profit of ₹ 612 crore in the preceding quarter. Its operating revenue increased 13.9% to ₹ 9,240 crore, while the pre-tax profit stood at ₹ 2,042 crore, up 19.6%. The company’s operating margin came in at 38.7%.

The average revenue per user, or Arpu, which is the key profitability metric in telecom business, declined marginally to ₹ 131.7 from ₹ 134.5 in the June quarter, which was attributed by the head of strategy, Anshuman Thakur, to a higher adoption of feature phones which is going for ₹ 99 a month as an introductory offer now.