Jio Platforms Sees Robust Q1 Growth with Net Profits Rising by 11.7%

Jio Platforms reported an 11.7% increase in consolidated net profit for the June quarter, driven by subscriber gains reaching 490 million, including 130 million 5G users. Despite flat Average Revenue Per User (ARPU), the revenue from operations rose by 12.8%, spurred by strong subscriber growth. The company's commitment to affordable, high-quality network services continues to accelerate India's digital revolution.

Jio Platforms has reported an 11.7 per cent year-on-year increase in consolidated net profit for the June quarter, amounting to Rs 5,698 crore. This growth is underpinned by strong subscriber gains, despite Average Revenue Per User (ARPU) remaining flat sequentially.

The company's subscriber base now totals approximately 490 million, including 130 million 5G users, which underscores its status as the largest 5G operator outside China. Jio's gross revenue for the quarter stood at Rs 34,548 crore, reflecting a 12.8 per cent increase from the previous year.

Reliance Industries' Chairman and Managing Director, Mukesh Ambani, highlighted that Jio's 5G network, covering about 85% of India's 5G capacity, is a key driver of this impressive financial performance. He noted that Jio is committed to providing high-quality networks at globally competitive prices, further advancing India's digital revolution. The total data traffic on Jio's network increased by 33% year-on-year to 44.1 Exabytes in Q1 FY25.

(With inputs from agencies.)