NEW DELHI: Jio Platforms on Monday announced its consolidated net profit for Q2 FY25, reaching Rs 6,539 crore, with a 23.4 per cent year-on-year increase. This growth showed an increase in average revenue per user, which rose to Rs 195.1 per month.
The company’s revenue from operations for the September quarter, grew by 18 per cent reaching Rs Rs 31,709 crore, encompassing Reliance Industries‘ telecom and digital sectors.
The gross revenue witnessed a 17.7 per cent rise in the second quarter of the previous year, standing at Rs 37,119 crore in Q2FY25.
Average revenue per user (ARPU), an important metric for telecommunications companies, rose to Rs 195.1 due to a partial implementation of the tariff hike and an improved subscriber mix.
The ARPU was significantly higher, showing a 7.4 per cent increase from Rs 181.7 recorded in both Q1 FY25 and Q2 FY24.
According to an earning statement, in the next 2-3 quarters full impact of the tariff hike is expected to flow through.
Engagement levels sustained strength with total data and voice traffic increasing by 24 per cent and 6.4 per cent, respectively.
“Limited amount of SIM consolidation observed after the tariff hike, offsetting continued strength in gross addition in 2Q FY25; monthly churn increased to 2.8 per cent,” the statement said.
The company said that Jio, in less than two years of 5G’s launch, has reached 148 million subscribers and continues to be the largest 5G operator outside China.
“Jio has transformed India from 5G-dark to 5G-bright through unmatched spectrum holdings, 5G Standalone Architecture, and advanced technologies like Carrier Aggregation and Network Slicing,” it said.
Chairman of Reliance Jio Infocomm, Akash M Ambani, said that since its inception, Jio’s primary concern was on deep tech innovation to create customer and shareholder value.
“The ongoing transformation created by Jio True5G and JioAirFiber in India’s digital landscape is a testament to this approach. AI is creating the next runway for this transformation, and Jio is committed to developing the world’s best AI ecosystem in India, for all Indians. Jio is committed to delivering robust shareholder returns and has demonstrated a strong uplift in financial performance in the current quarter,” he added.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, stated that the growth in Digital Services was fueled by higher ARPU and enhanced customer engagement metrics, reflecting the strong value proposition of their services.
