Jio Platforms Q1 net rises 12.53% to Rs 5,098 cr; ARPU now beyond Rs 180

Jio Platforms (JPL), which runs India’s largest mobile network operator Reliance Jio, saw its net profit rise 12.53 per cent year-on-year to Rs 5,098 crore in the first quarter of FY24, results announced by the company on Friday showed. Its net profit had risen 15.8 per cent in the previous quarter.

The holding company for Jio and other digital businesses of the Reliance group witnessed its revenue from operations grow 11.2 per cent YoY to Rs 26,115 crore in Q1FY24, down from 14.4 per cent in the previous quarter. Operating revenue growth was driven by subscriber gains in the connectivity business and scale-up of digital services, the company said.