Jio Platforms net profit Q1 rises 45% on year; strong user adds boost

Mumbai: Jio Platforms (JPL) net profit rose 44.9% on-year in the April-June quarter, driven by strong mobile phone subscriber additions and higher data consumption.
For the fiscal first quarter, JPL’s consolidated net profit stood at Rs 3,651 crore compared with Rs 3510 crore at March end, and Rs 2,519 crore a year ago, the company said in a release on Friday.

Quarterly revenue rose to Rs 18,952 crore from Rs18,278 crore in the Jan-March period, and Rs17,254 crore a year ago.