Jio Platforms Q4 Results: Net profit zooms 12% YoY to Rs 5583 crore

Mumbai: Jio Platforms Ltd (JPL), which houses Reliance Industries’ telecom and digital properties, posted a better-than-expected 12% on-year rise in the fiscal fourth quarter net profit buoyed by strong mobile subscriber additions and increase in data consumption by users.

However, average revenue per user (ARPU), a key performance metric for telecom operators, was flat at Rs181.7 in the absence of tariff hikes during the quarter.