Home / Companies / Company Results /  Reliance Jio Q4 results: Net profit jumps to 3,508 crore; ARPU falls to 138
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Reliance Jio, a subsidiary of Reliance Industries, reported a consolidated net profit of 3508 crore, a 0.54% quarter-on-quarter increase, in the March quarter. The telecom operator posted a net profit of 3489 crore during the December quarter.

During Q4FY21, the average revenue per user (ARPU) fell to 138 per subscriber per month from 151 in the December quarter. Reliance Jio's total customer base as on 31 March 2021 stood at 426.2 million adding 15.4 million customer during the January-March quarter.

Jio's consolidated EBITDA grew by 1.1% Q-o-Q to 8573 crore and EBITDA margin of 46.9% up from 43.6% QoQ.

“Arpu should see about 8% quarter-on-quarter moderation as IUC fell to zero from January 2021 (from six paise per minute) for all operators, impacting Jio’s Arpu by 12-14, and because of lower number of days during the quarter. This, however, will be partly offset by an uptick due to customer upgrades to high-value recharges," Morgan Stanley said in a report.

In the two-day 4G spectrum auction concluded on 2 March, Reliance Jio emerged as the top bidder, acquiring airwaves worth 57,122.65. Bharti Airtel purchased spectrum worth 18,698.75 crore, while Vodafone Idea Ltd’s participation was limited. It placed bids worth 1,993.40, largely for spectrum renewal.

Recently, Airtel sold airwaves in the 800MHz band to Reliance Jio for 1,037.6 crore in the first such deal between the two telcos. Jio will also absorb future liabilities of 459 crore relating to the spectrum. The deal will benefit both.

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