Jio Platforms' Profitable Surge: A 13% Rise in Q4

Jio Platforms, under Reliance Industries Ltd, has reported a robust 13% increase in its profit after tax, marking a notable financial performance in the March quarter. The profit surged to Rs 7,935 crore, up from Rs 7,022 crore in the previous year's corresponding period.

In addition to the jump in profit, revenue from operations saw a significant rise of 12.5%, climbing to Rs 38,259 crore compared to Rs 33,986 crore during the same quarter last year. This boost in revenue underscores the company's growing influence within the telecom sector.

The company also reported an uplift in its average revenue per user, which rose by 3.8% to Rs 214, up from Rs 206.2 a year ago. This increase highlights effective customer engagement strategies and improved service offerings by Jio Platforms.

(With inputs from agencies.)