Jio Platforms Q3 net profit rises 11.2% to Rs 7,629 crore, ARPU at Rs 213.7

Jio

Jio Platforms Ltd reported an 11.2 percent increase in quarterly profit at Rs 7,629 crore in the fiscal third quarter from Rs 6,861 crore a year earlier.

Revenue from operations rose 12.7 percent to Rs 37,262 crore in the three months ended December 31 from Rs 33,074 crore a year earlier.

EBITDA increased 16.4 percent to Rs 19,303 crore from Rs 16,585 crore a year ago, led by healthy revenue growth.

ARPU rose to Rs 213.7, driven by higher customer engagement, partly offset by promotional offers for unlimited 5G and Fixed Broadband services.

Jio's 5G subscribers crossed 253 million, and Fixed Broadband base crossed 25 million. Jio Airfiber becomes first FWA service globally to surpass 10 million subscribers.

Jio's subscriber base stood at 515 million as of December 31.

5G now accounts for 53 percent of total wireless traffic, driven by a consistent increase in customer engagement.

Akash M Ambani, Chairman of Reliance Jio Infocomm, said, “Jio has been the catalyst for India’s

digital revolution by bringing the world’s best technology platforms in the hands of Indian users. Jio’s over 500 million subscriber base, deep customer insights and pan India distribution network will empower Reliance Intelligence to achieve its aim to make India not just AI-enabled but AI-empowered- where every citizen and enterprise can harness AI tools to create, innovate and grow. This will drive sustained value creation for all stakeholders in the coming years.