Jio Platforms' Digital Surge: Profit Leaps 13% Amid Expanding Subscriber Base
Jio Platforms saw a 13% profit increase during the March quarter due to subscriber growth and higher average revenue per user. The company, part of Reliance Industries, is preparing for a strategic listing and reported robust growth across its telecom operations, driven by advances in mobility and next-gen technology platforms.
- Country:
- India
Jio Platforms recorded a 13% uptick in profit after tax for the March quarter, bolstered by a swelling subscriber base and a rise in average revenue per user, RIL's financial report reveals.
The company, overseen by RIL Chairman Mukesh D Ambani, is set to list soon, marking significant progress towards establishing itself as a digital powerhouse in India.
Revenue for Jio Platforms soared 12.5% to Rs 38,259 crore, underscoring its role in transforming digital communication in India with its innovative telecom operations and widespread adoption of AI and next-gen technologies.
(With inputs from agencies.)
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