"Jio continues to be the most popular wireless broadband service provider in the country with its subscriber base increasing from 160.1 million as of 31 December 2017 to 186.6 million as of 31 March 2018". Its net profit for the entire fiscal year, which is also its first year of commercial operations, is of Rs 723 crores.
Revenue from its refining and marketing business rose 28.8% to Rs 93,519 crore as its Jamnagar refinery, the world's largest, earned $11 from every barrel it processed. The company had reported PBDIT of Rs 352 crore during the corresponding period previous year.
Reliance Jio net profit increased marginally by 1.2% to Rs. 510 crore as the company's average revenue per user (ARPU) decreased to Rs. 137 compared with Rs. 154 in the immediately preceding quarter. Further, revenues for the year showed a rise of 105 per cent at Rs 69,198 crore against Rs 33,765 crore.
While Future Group's retail business comes purely from fashion and food and grocery, Reliance Retail had a year ago added its merged its petro-retail business to the overall retail segment which has led to the massive jump in the sales figurers and hence can not be compared with the revenues of the pure-play retailers that depend exclusively on fashion, consumer durables and FMCG.More news: EPL: Mourinho shortlists two players to be named Manchester United captain
According to RIL, the increase in revenue was primarily on account of higher volumes with start-up of petrochemicals projects and uptrend in prices of products in refining and petrochemical businesses. RIL had launched the telecom services in September 2016. As on 31st March 2018, Reliance Retail operated 3,837 stores across 750 cities with an area of over 17.7 million square feet.
RIL also acquired 5-per cent equity stake in NYSE-listed Eros International PLC at a price of $15 per share.
Apart from the revenue aspect, Reliance Jio also released the data which details the number of subscribers along with the total amount of data consumed.
RIL was presented with the "Drivers of Change" award at the Financial Times-ArcelorMittal Boldness in Business Awards providing recognition for RIL's exceptional commitment to innovation-led exponential growth and bringing transformational changes to India.