In the fourth quarter of the fiscal year 2021 Reliance’s Jio Platforms Ltd (JPL) reported a net income of 47.5% to Rs 3,508 in the year to date. In an announcement amid the uncertainties of COVID, JPL completed its first full year of sales operations and EBITDA of Rs 73,503 crores and Rs 32,359 crores respectively (prevailing interest incentives, royalties, depreciation and amortisation).
The result was solid 45% YoY EBITDA growth at RJIL following the continuing momentum of subscribers and higher average revenue per unit (ARPU).
“Quarterly JPL operating revenue was Rs 18,278 crores, sequential decline led by the transition to Bill and Keep regime and lower number of days during the quarter. Like-for-like growth in operating revenue was ~30 per cent YoY in Q4FY21,” the statement said.
“Also, quarterly EBITDA margin increased 600 bps YoY to 46.9 per cent with EBITDA at Rs 8,573 crores. Net profit in Q4FY21 for JPL increased 47.5 per cent YoY to Rs 3,508 crores (FY21 net profit at Rs 12,537 crore),” the statement added.
The company also recorded 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,” the statement said.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, 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.”