Mukesh Ambani-promoted telecom operator Reliance Jio said its investment in automated network management solutions has produced significant results.
Reliance Jio, announcing the first quarter result of the fiscal year 2022-23, said its investment in mobile network automation has simplified actions. Jio has achieved improvement in algorithms. Jio has reduced time on analysis. Jio has also reduced customer site visits. Jio said 2x-2.5x actions are executed in the field.
Jio is set to become the #1 5G operator in India considering the plans to acquire huge quantities of 5G spectrum during the next round of auctions next week. Jio is already the #1 4G operator in India.
Reliance Jio said revenue from operations rose 21.56 percent to Rs 21,873 crore in the quarter ending June 30, 2022 (Q1FY22) from Rs 17,994 crore in Q1 a year ago.
Reliance Jio, the #1 telecom operator in India, reported 23.82 percent increase in net profit to Rs 4,335 crore in the first quarter compared to a PAT of Rs 3,501 crore in the same quarter last year.
Reliance Jio’s expenses jumped to Rs 16,137 crore in Q1FY23 against Rs 13,313 crore in Q1FY22 and Rs 15,353 crore in Q4FY22.
Jio’s margin improved to 50.1 percent in Q1FY23 compared to 47.9 percent in the corresponding period last year. However, margins edged lower from 50.3 percent in Q4FY22.
Reliance Jio’s ARPU increased 27 percent year-on-year and 4.8 percent quarter-on-quarter to Rs 175.7 per subscriber per month. Jio said the substantial growth in APRU was driven by higher customer engagement.
Data traffic was 25.9 billion GB during the quarter — a 27.2 percent growth. Further, total voice traffic was 1.25 trillion minutes during the quarter – a 17.2 percent growth. During Q1FY23, average data and voice consumption per user per month increased to 20.8 GB and 1,001 minutes, respectively.
Jio said subscriber addition witnessed a strong rebound to 9.7 million driven by strength in gross adds (35.2 million in Q1FY23) and reduced SIM consolidation impact.
Jio extended its leadership position in FTTH services with acceleration in homes connected. Jio has over 80 percent market share of new customer additions in wireline segment, as per industry data published by TRAI.