Reliance Jio Q4 result preview: Nearly 11 mn subscribers addition likely; all eyes on tariff hike, IPO plans

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Reliance Jio Infocomm, chairman Mukesh Ambani-led conglomerate’s telecom arm, will announce its results for the January to March 2024 quarter on April 22. Analysts polled by CNBC-TV18 expect it to be a steady quarter while the Street awaits announcements on tariff hikes and Jio IPO plans.

Analysts say the telco’s average revenue per user (ARPU) is likely to remain unchanged at ₹181.7 while the company is expected to have seen subscribers addition of 10.8 million during the quarter under review.

The Telecom Regulatory Authority of India (TRAI) data shows that the company added 4.17 million subscribers in January and 359 million in February.

Jio’s revenue is likely to go up 2.1% at ₹25,900 crore compared to ₹25,368 crore quarter in the preceding quarter. The profit after tax (PAT) is projected to go up 1.2% sequentially to ₹5,268 crore versus ₹5,208 crore in the December 2023 ended quarter, according to the CNBC-TV18 poll.

Rev growth of 2.1% QOQ and 10.7% YOY: Poll

The analysts forecast earnings before interest, taxes, depreciation, and amortisation or EBITDA to come in at ₹13,605 crore compared to ₹13277 crore earlier. EBITDA margin is expected at 52.5%, marginally up from 52.3% earlier.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow