Reliance Jio Q4 results today: ARPU seen at ₹205; will the company share updates on IPO?

The company, as per analysts' notes, is likely to report an average revenue per user (ARPU) of ₹ 204.8, up 0.7% QoQ from ₹203.3 crore logged in the December quarter (Q3 FY25).

The increase in ARPU is expected as the July 2024 tariff hike continues to pass through its ARPU (in the Q3 FY25 earnings concall, the management said that the full impact of the July 2024 tariff hike is likely to be fully visible by Q1 FY26).

"Further, Jio’s net subscriber gain (including FTTH/FWA) is likely to be robust at 6 million in 4QFY25 as against the subscriber gain of 3.3 million in Q3 FY25 and significant net subscriber loss of 10.9 million in Q2 FY25 due to SIM consolidation witnessed in the low-ARPU segment post the July 2024 tariff hike," as per analysts at JM Financial.

Strong traction in FTTH/FWA additions is likely to continue with the addition of nearly 2 million subscribers in Q4 FY25.

FWA stands for fixed wireless access, while FTTH stands for fibre to the home.

Reliance Jio is expected to report a revenue growth of 2% on a quarter-on-quarter (QoQ) basis to ₹29,925 crore as compared to ₹29,307 crore in the previous quarter.

Its profit after tax (PAT) is estimated to rise marginally by 0.5% from the last quarter to ₹6,515 crore, per news reports.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is expected to grow 2% QoQ to ₹15,840 crore from ₹15,478 crore logged in the December 2024 quarter.

EBITDA margin is seen at 53% vs 52.8% in the previous quarter.

Key monitorables

Analysts expect that the company may announce some timelines for its much-awaited IPO. According to media estimates, Reliance Jio may roll out an IPO of around ₹35,000 - ₹40,000 crore, marking a landmark event in the Indian capital markets.