Jio sees revenue and ARPU rise amid 5G and broadband expansion
India, April 27 -- Reliance Jio Infocomm reported a steady set of financial and operational results for the quarter ended 31 March, reflecting continued growth in both its core connectivity business and expanding digital services portfolio.
The company recorded a 13% year-on-year increase in net profit, reaching Rs 7,935 crore. Revenue rose by 12.7% over the same period, supported by higher average revenue per user (ARPU), a more favourable subscriber mix in its mobility business, expansion in home broadband connections and sustained traction in digital services.
Operating performance also improved, with EBITDA rising to Rs 20,060 crore. This represented a 17.9% increase year-on-year and a 3.9% rise compared to the previous quarter. The...
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