Jio Platforms’ Q1 net profit up 11.7%

Jio Platforms on Friday reported an 11.7 per cent year-on-year rise in consolidated net profit for June quarter at Rs 5,698 crore, its Q1 scorecard bolstered by subscriber gains although APRU remained flat sequentially. Jio said its total subscriber tally has reached about 490 million, including 130 million 5G users, making it the largest 5G operator outside China.