Jio Platforms Gains Momentum with Record Subscriber Growth and Profits

Jio Platforms reported an 11.3% rise in net profit to Rs 7,629 crore in the December quarter due to an increase in subscribers and digital services. The company reached 51.53 crore subscribers, with ARPU at Rs 213.7. Jio's 5G subscriber base is over 25 crore, solidifying its market dominance.

Jio Platforms has recorded a significant 11.3% increase in its consolidated net profit for the December quarter, reaching Rs 7,629 crore. The rise is attributed to a boost in subscriber numbers, elevated average revenue per user (ARPU), and expanded digital services, according to the company's financial disclosures.

The telecom giant's revenue from operations soared by 12.7%, hitting Rs 37,262 crore, spurred by a 7% rise in its subscriber base, which now stands at 51.53 crore. Notably, subscribers on Jio Platforms consumed an average of 40.7 GB per month, marking the highest data usage across Indian mobile networks.

Under the leadership of Chairman Akash M Ambani, Jio continues to spearhead India's digital transformation, boasting over 500 million subscribers and a substantial presence in 5G services. With a strategy focused on AI empowerment, the company is set to continue delivering value to stakeholders and driving innovation in the sector.

(With inputs from agencies.)