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Photo:FILE PHOTO Reliance Jio Q4 net profit zooms 47.5 pc to Rs 3,508 crore

New Delhi. The net profit of Reliance Industries’ technology arm Jio Platforms grew 47.5 per cent year-on-year to Rs 3,508 crore for the fourth quarter ended March 2021. The company said in a statement on Friday that its operating income grew 19 percent to Rs 18,278 crore in the quarter under review. According to the statement, the number of customers of the company as on 31 March 2021 was 42.62 crore.

Geo platforms Said that Jio’s average revenue per customer (ARPU) for the January-March quarter of 2020-21 was Rs 138.2. This is lower than the December 2020 quarterly revenue of Rs 151 per customer. The statement said that ARPU stood at Rs 138.2 in the fourth quarter of FY 2020-21. The reason for the decrease on a quarterly basis is the adoption of the ‘Bill and Keep’ arrangement from January 1, 2021, instead of the Interconnect Use Charge (IUC), and the day-to-day decrease during the quarter.

The call termination charge is zero in the Bill and Keep (keeping the bill with you) system and the operator whose network ends the call does not get this fee from the missed network provider, which is a rate of six paise per minute. Used to meet with Reliance Industries Chairman and Managing Director Mukesh Ambani said that Jio’s subscriber base has increased to 42.6 crores and the company is committed to providing a better experience not only to its existing customers but also to all people, families and enterprises in the digital space. . With the participation in the last one or two years, Jio will continue to strive towards making India a dominant digital society.

Ambani said that Kovid-19 has brought a new challenge for the country and Jio’s team is working tirelessly on the ground to solve problems to ensure smooth service to the customers. 2020-21 was the first full year of operations of Jio Platforms. Its Income and Pre-tax Profit (EBITDA) stood at Rs 73,503 crore and Rs 32,3259 crore, respectively. The company’s net profit during this period stood at Rs 12,537 crore.

 

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