Jio profit up 2.5% to Rs 5,583 crore; Arpu flat at Rs 181.7

Jio Platforms, the parent company of telecom operator Reliance Jio, on Monday reported a 2.5% quarter-on-quarter (QoQ) growth in its net profit to Rs 5,583 crore for the January-March quarter.

Consolidated revenue from operations during the period rose 4.2% QoQ to Rs 28,871 crore on the back of subscriber additions, growth in data and voice consumption.

The numbers were broadly in line with analysts’ estimates.

Net profit growth at 2.5% was marginally down from 2.8% in the preceding quarter. Revenue growth in the January-March quarter was, however, higher compared to 3.1% sequential growth in the previous quarter.