Jio Platforms Sees Strong Growth with 11.3% Profit Surge

Jio Platforms reported an 11.3% annual increase in net profit to Rs 7,629 crore for the December quarter due to a growing subscriber base and higher average revenue per user. Revenue from operations rose 12.7% to Rs 37,262 crore, with ARPU increasing by 5.1% to Rs 213.7.

Jio Platforms announced an impressive 11.3% rise in consolidated net profit for the December quarter, reaching Rs 7,629 crore. This growth is attributed to a larger subscriber base and increased average revenue per user.

In the same period, the company's revenue from operations climbed 12.7% to Rs 37,262 crore, highlighting robust growth in Reliance Industries' telecom and digital segments.

The average revenue per user, a critical metric in the telecom industry, saw a 5.1% boost, standing at Rs 213.7. Jio's strategy of higher customer engagement, combined with strategic promotional offers, fueled this rise.

(With inputs from agencies.)