Jio Platforms Q2 Profit Rises 23.4% To Rs 6,539 Crore, ARPU At Rs 195.1
Reliance Jio announces Q2 FY25 financial results.
The company’s revenue from operations rose 18 percent to Rs 31,709 crore in the September quarter
Jio Platforms Ltd, the digital services unit of India’s largest conglomerate and parent of Reliance Jio Infocomm Ltd, on October 14 reported a 23.4 percent increase in quarterly profit to Rs 6,539 crore from a year earlier.
The company’s revenue from operations rose 18 percent to Rs 31,709 crore in the September quarter from Rs 26,875 crore a year earlier, driven by the partial impact of the tariff hike and the scale-up of home and digital services businesses.
EBITDA increased 17.8 percent to Rs 15,931 crore in the September quarter from Rs 13,528 crore a year ago, led by healthy revenue growth.
Reliance Jio Infocomm, India’s largest telecom operator by users, reported a quarterly profit of Rs 5,445 crore, up 12 percent from Rs 4,863 crore in the same quarter a year ago.
Jio’s ARPU rose 7.4 percent to Rs 195.1 from a year earlier due to the tariff hike and a better subscriber mix. Jio said the full impact of the tariff hike will be felt in the next 2-3 quarters.
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