Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Jio Platform's Q3 net profit jumps 26 pc to Rs 6,861 cr; ARPU rises to Rs 203.3

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Jio Platform's Q3 net profit jumps 26 pc to Rs 6,861 cr; ARPU rises to Rs 203.3 - PTI News Dated:- 16-1-2025 PTI - News - Jio Platform's Q3 net profit jumps 26 pc to Rs 6,861 cr; ARPU rises to Rs 203.3 - - - Dated:- 16-1-2025 - New Delhi, Jan 16 (PTI) Jio Platforms (JPL) on Thursday reported a 25.95 per cent rise in its consolidated net profit to Rs 6,861 crore for Q3 FY25, as average revenue per .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... user (ARPU) surged to Rs 203.3 per month. The revenue from operations of Jio Platforms -- which houses Reliance Industries' telecom and digital businesses -- rose 19.41 per cent to Rs 33,074 crore in the December-ended quarter. The gross revenue stood at Rs 38,750 crore in Q3 FY25, 19.19 per cent higher than Rs 32,510 crore in the corresponding period of the previous year. ARPU - a key metric for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... telcos - soared 11.8 per cent to Rs 203.3 compared to Rs 181.7 in the year-ago period. ARPU was up 4.20 per cent in quarter-on-quarter terms. The surge in ARPU came with the sustained impact of tariff hike and better subscriber mix, according to a company statement. The statement attributed the operating revenue growth to the partial impact of the tariff hike, ramp up in pace of home connect and a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ccelerating non-connectivity digital services businesses. With a net sequential subscriber addition of 3.3 million, JPL's customer base increased to 482.1 million during the third quarter. On a standalone basis, JPL's telecom arm Reliance Jio reported a 24 per cent jump in its October-December quarter net profit. Its standalone net profit of Rs 6,477 crore in October-December 2024 compared to Rs 5 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ,208 crore in the same period a year back and Rs 6,231 crore in the preceding July-September 2024 quarter, according to a stock exchange filing by the company. Jio's revenue from operations increased to Rs 29,307 crore from Rs 25,368 crore in October-December 2023. Reliance Jio Infocomm Chairman Akash M Ambani said Jio has played a key role in the country's digital inclusion. "Rapid scale-up of 5G .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... adoption and proliferating fixed broadband beyond Tier-1 towns over the past year, further strengthens the Digital India mission. Jio will continue to lead the charge in technology innovation by fully embracing the power of AI to create a connected, intelligent future that is truly transformative. This will drive sustained value creation over the next many years," he said. PTI ANK ANZ ANK BAL BAL .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates