The telecom giant expanded its EBITDA margin by 250 basis points to 54.1%, supported by an average revenue per user of Rs 218.8 and monthly per capita data usage reaching 44.2 GB. Net additions hit 9.1 million subscribers during the quarter while maintaining a steady 1.6% monthly churn rate. Fixed broadband momentum was largely driven by Jio AirFiber, which contributed over three-quarters of annual fixed-line additions to reach 15.1 million users.
Key points
The operator's post-listing performance demonstrates sustained profitability expansion le…: The operator's post-listing performance demonstrates sustained profitability expansion led by wider margins and increasing average revenue per user.
High-speed 5G adoption has become the primary growth engine for network engagement, handl…: High-speed 5G adoption has become the primary growth engine for network engagement, handling well over half of the platform's data volume.
Management is directing future strategic efforts toward developing proprietary 6G technol…: Management is directing future strategic efforts toward developing proprietary 6G technology, embedded artificial intelligence, and satellite communication infrastructure.
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Revenue from operations increased 11% to Rs 40,475 crore from Rs 36,332 crore a year earlier.
On a sequential basis, profit rose 8% from Rs 7,765 crore posted in the preceding June quarter, while revenue rose 3% quarter-on-quarter.
Jio's quarterly results mark the first earnings announcement after its October 28 stock market debut. The company's shares listed at Rs 1,358, a premium of 21% over issue price of Rs 1,119.
EBITDA for the quarter increased 17% YoY, driven by revenue growth, operating leverage and margin expansion of 250 bps.
ARPU (Average revenue per user) rose further to Rs 218.8 in the second quarter with promotional schemes for fixed broadband customers offsetting better subscriber mix and increased usage.
"We warmly welcome our new shareholders to the Jio Platforms family as we enter a new era as a listed company. This quarter’s results continue to reflect the strength of our 5G network, and the growing reach of our broadband and digital services," said Akash M Ambani, MD of Jio Platforms.
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