Jio logs 2% increase in profit to Rs 5,693 crore

Jio Platforms, the parent company of telecom operator Reliance Jio, on Friday reported a 2% quarter-on-quarter (q-o-q) growth in its net profit to 5,693 crore for the April-June quarter. Consolidated revenue from operations during the period rose 2% q-o-q to29,449 crore on the back of subscriber additions, growth in data and voice consumption.

Average revenue per user (Arpu) per month during the quarter was flat sequentially at Rs 181.7 in the absence of tariff hikes. This was Jio’s fourth continuous quarter of flat Arpu. The impact on Arpu was also due to the free unlimited 5G offer.