Jio Platforms Q2 profit rises 23.4% to Rs 6,539 crore; ARPU at Rs 195.1

Reliance Jio announces Q2 FY25 financial results.

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. "Limited amount of SIM consolidation observed after the tariff hike, offsetting continued strength in
gross addition in 2Q FY25; monthly churn increased to 2.8%," as per an official statement.

In less than two years of launch, Jio's 5G network reached 148 million subscribers, and it continues to be the largest 5G operator outside China.

JioAirFiber’s rapid uptake has significantly accelerated the pace of home connections, with ~2.8 million connected homes by JioAirFiber as of September 24. Jio’s pace of home connections is the fastest of its kind globally. Scaling up distribution, continuous optimization of the onboarding process, and technology edge would enable Jio to achieve the target of connecting 100 million homes in India at record speed, Jio said.

Akash M Ambani, Chairman of Reliance Jio Infocomm, said, “Right from inception, Jio has focused on deep tech innovation to create customer and shareholder value. The ongoing transformation created by Jio True5G and JioAirFiber in India’s digital landscape is a testament to
this approach."

"AI is creating the next runway for this transformation, and Jio is committed to developing the world’s best AI ecosystem in India, for all Indians. Jio is committed to delivering robust shareholder returns and has demonstrated strong uplift in financial performance in the current quarter," he added.

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