Jio’s profit, revenue surge in Q4 on subscriber gains, past tariff increases

Reliance Jio, the telecom giant backed by billionaire Mukesh Ambani, on Friday reported a surge in net profit, revenue, and average revenue per user (Arpu) for the January-March quarter, boosted by a flow-through of past tariff increases and subscriber additions, the company said in a statement.

Reliance Jio Infocomm is India’s largest telecom operator by market share and a subsidiary of Jio Platforms Ltd, accounting for most of its business.