Jio net profit up 12% YoY in Q1FY25, marginally misses estimates

Mumbai: Jio Platforms Ltd (JPL), which houses Reliance Industries’ telecom and digital properties, posted a better-than-expected 12% on-year rise in net profit in the fiscal first quarter, helped by robust additions of mobile phone subscribers and record data consumption.

Consolidated net profit climbed to Rs 5,698 crore in the June quarter from Rs 5,101 crore a year earlier, and Rs 5,587 crore in the previous three months, it said in a statement on Friday. Profit topped the Rs 5,449 crore average of analyst estimates compiled by ET.