Jio’s Q1 net profit rises 45% YoY to Rs 3,651 crore; ARPU at Rs 138

Jio Platforms, the digital and telecom arm of the conglomerate Reliance Industries (RIL), reported a 45 per cent year-on-year growth in consolidated net profit at Rs 3,651 crore in the June quarter as compared to Rs 2,519 crore in the same period last year.

Its revenue from operations increased 9.8 per cent to Rs 18,952 crore during the reported quarter from Rs 17,254 crore a year ago.

“Jio has posted yet another record quarterly performance with industry leading operating metrics. I am thankful to Jio’s family of loyal subscribers whose number has grown further during the quarter, consolidating its position as India’s No. 1 provider of digital connectivity and services. They appreciate our continuing focus on raising the bar for superior service quality,” RIL chairman Mukesh Ambani said.