The company reported strong 7.4% YoY increase in average revenue per user (ARPU) to Rs 195.1.
The company further said that the full impact of tariff hike will flow through in the next 2-3 quarters.
Customer base in the reported quarter stood at 478.8 million which was up by 4.2% YoY.
Commenting on company’s earnings, Chairman and Managing Director Mukesh Ambani said that Reliance once again demonstrated the resilience of its diversified business portfolio. “Our performance reflects robust growth in Digital Services and upstream business. This helped partially offset weak contribution from O2C business which was impacted by unfavorable global demand-supply dynamics,” Ambani said.
Growth in Digital Services was led by increased ARPU and improving customer engagement metrics reflecting the strong value proposition of our services while the home broadband segment is witnessing accelerated momentum on the back of our unique industry-leading JioAirFiber offering, the RIL CMD said.Jio’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the reported quarter stood at Rs 15,931 crore, which was up 17.8% versus Rs 13,528 crore in the year ago period. EBITDA Margin is reported at 50.2% in Q2FY25 versus 50.3% in Q2FY24, down by 10 bps.
Engagement levels continued to remain strong with total data and voice traffic increasing by 24% and 6.4% YoY, respectively, the filing claimed.
Meanwhile, limited amount of SIM consolidation observed after the tariff hike, offsetting continued strength in gross addition in 2Q FY25. Monthly churn increased to 2.8%.