JIO exits FY21 with customer base of 426 Million;Q4FY21 gross adds at over 31 Million. Consolidated revenue from operations of ₹ 18,278 crore:
➢ Consolidated Net Profit of ₹ 3,508 crore, increase of 47.5% YoY
➢ Total Customer base as on 31 st March 2021 of 426.2 million
➢ ARPU during the quarter of ₹ 138.2 per subscriber per month
➢ Total data traffic during the quarter of 1,668 crore GB (26.7% YoY growth)
➢ Total voice traffic during the quarter of 103,290 crore minutes (17.9% YoY growth)
Commenting on the results, Shri Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Jio has a highly engaged 426 million customer base and remains committed to enhancing digital experiences not only for our existing customers but, for all individuals, households, and enterprises across the country.
With its path defining partnerships over the last couple of years, Jio will continue to strive towards making India a premier digital society.
Table of Contents
Connectivity:
▪ Strong customer gross addition at 31.2 million (net addition of 15.4 million) in the quarter with improved traction across mobility and homes. Gross subscriber addition of 99.3 million during FY21 despite Covid related challenges.
▪ Churn reduced during the quarter to 1.26% on the back of focused sales initiatives and reducing Covid impact in parts of the country during the quarter.
▪ ARPU for Q4FY21 was ₹ 138.2, with sequential decline driven by transition from Interconnect Usage Charges (IUC) to Bill & Keep regime effective 1st January 2021, and lower number of days during the quarter.
▪ During 4Q FY21, average data consumption per user per month was strong at 13.3 GB and average voice consumption was at 823 minutes per user per month.
▪ Based on TRAI Financial Data for the quarter ended December 2020, Reliance Jio Infocomm Limited (RJIL) had Adjusted Gross Revenue (AGR) market share of ~45% with market leadership in 19 out of 22 circles.
▪ In the recently concluded spectrum auctions, Jio acquired spectrum in 800MHz, 1800MHz and
2300MHz bands. The total outlay for this spectrum is ₹ 57,123 crore with an upfront payment of
₹ 19,939 crore.
▪ JioBusiness has introduced an integrated offering for Micro Small and Medium Businesses (MSMB) combining enterprise-grade fiber connectivity and digital solutions for less than one-tenth of the current cost starting below ₹ 1,000 per month.
▪ Jio is conducting field trials for fine-tuning network performance and configurations for its 5G network. Work is also ongoing on standardising 5G device configurations by collaborating with Original Equipment Manufacturers (OEMs).
▪ JioMart has been scaled up to become a truly horizontal platform with presence across Grocery, Fashion & Lifestyle, Digital and Pharma, and the ability to provide a customized catalogue for users.
Financial performance of JPL
▪ Despite Covid related challenges, JPL closed its first full year of operations with revenue and EBITDA of ₹ 73,503 crore and ₹ 32,359 crore respectively. This has been driven by strong 45% YoY EBITDA growth at RJIL on the back of continued subscriber traction and higher ARPU.
▪ Quarterly JPL operating revenue was ₹ 18,278 crore, sequential decline led by transition to Bill and Keep regime and lower number of days during the quarter. Like-for-like growth in operating revenue was ~30% YoY in Q4FY21. Also, quarterly EBITDA margin increased 600bps YoY to 46.9% with EBITDA at ₹ 8,573 crore.
▪ Net profit in Q4FY21 for JPL increased 47.5% YoY to ₹ 3,508 crore (FY21 net profit at ₹ 12,537
crore).
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