Reliance announces financial results of Q4 (FY 2017-2018)

Reliance Jio has earned more profit in Q4 2017 as compared to Q3 last year.

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Reliance is all set to announce its financial results of Q4 (FY 2017-2018) today at 7 PM. Sh Alok Agarwal, CFO of Reliance Industries Limited's (RIL) will be highlighting the financial and operational performance of his company at the event. The event is being live streamed right now, and we have embedded the video below.

Reliance announces financial results of Q4 (FY 2017-2018)

 

Reliance Jio, the company's telecom operator had reported the profit of Rs. 504 in the Q3 2017.

The telco posted standalone revenue from operations of Rs 6,879 crore (11.9 percent over trailing quarter) and EBITDA of Rs 2,628 crore (82.1 percent over trailing quarter). Jio said that its consolidated value of services stood at Rs 8,136 crore, up 12.8 percent over trailing quarter and consolidated EBIT stood at Rs 1,441 crore, up 452.1 percent over trailing quarter.

Jio's average revenue per user (ARPU) stood at Rs 154, even as Bharti Airtel's ARPU declined to Rs 123 during the same period. The company further said that it had continued its strong subscriber growth trend with gross adds during the quarter of 27.8 million as against 19.5 million in the trailing quarter.

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Its net additions for the quarter stood at 21.5 million versus 15.3 million in the trailing quarter. Video consumption has crossed 200 crore hours per month on the network, while customer churn stood at 1.4 percent per month, which is the lowest in the industry.

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