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Dolat Capital Report
Reliance Jio’s Q2 FY21 was marginally ahead of estimate led by higher than expected average revenue per user at Rs 145 (estimate Rs 143).
That said, Jio’s net subscriber addition was one of the slowest at 7.3 million (Bharti Airtel Ltd. 13.9 million).
Net adds were lower than even lockdown quarter of 10.2 million.
Gross additions were higher at 27.2 million but so is the churn at 19.9 million customers (1.65% per month at par with Airtel).
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