Unmonetised 5G holding back Reliance Jio’s Arpu; tariff hike likely soon

The burgeoning number of 5G users, who continue to enjoy the fast connectivity at 4G prices, has been keeping Reliance Jio’s monthly average revenue per user (ARPU) static at Rs 181.7 for three-straight quarters, analysts said on Tuesday.

Consequently, they forecast a tariff hike would need to come soon.

On Monday, Jio Platforms Ltd (JPL), which runs India’s largest mobile network operator Reliance Jio, reported a 12 per cent year-on-year (Y-o-Y) increase in net profit to Rs 5,583 crore for the fourth quarter (January-March) of FY24.