Jio Platforms Ltd, the digital services subsidiary of Reliance Industries, reported a strong 23.4 per cent rise in quarterly profit, hitting Rs 6,539 crore for the September quarter, up from Rs 5,295 crore a year earlier. The results reflect the company’s strategic movements in the telecommunications market and the impact of a recent rate increase.
Revenue from operations also saw a significant rise, rising 18 per cent to Rs 31,709 crore compared to Rs 26,875 crore in the same quarter last year. This growth was driven by the effects of increased rates and the expansion of home and digital services.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 17.8 per cent to Rs 15,931 crore, up from Rs 13,528 crore in the same period last year, indicating strong operating performance and healthy revenue growth.
“Growth in digital services was led by an increase in ARPU and improving customer engagement metrics, reflecting the strong value proposition of our services. The home broadband segment is seeing accelerated momentum thanks to our unique, industry-leading JioAirFiber offering. Jio’s broad spectrum of offerings enables us to digitally empower every town, village and city in India as well as small and medium enterprises in the country,” said the Reliance Chairman. Industries. Mukesh Ambani .
“The digital services business continues to focus on innovative deep technology solutions on a national scale and is on its way to delivering the innovative benefits of artificial intelligence to all Indians,” Ambani added.
Reliance Jio Infocomm, India’s largest telecom operator by number of subscribers, reported a quarterly profit of Rs 5,445 crore, up 12 per cent from Rs 4,863 crore in the corresponding quarter last year. . Average revenue per user (ARPU) increased 7.4 percent to Rs 195.1, benefiting from recent tariff adjustments and a more favorable subscriber mix. Jio expects to fully realize the impact of the tariff hike in the next two to three quarters.
However, the company noted a 2.2 percent sequential decline in its subscriber base, which fell to 478.8 million. Analysts suggest that some users may have switched to more affordable carriers in response to rising rates.
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