Jio PAT rises 3.4% in Q3; 5G users cross 250 million milestone

Reliance Industries subsidiary Jio Platforms (JPL) on Friday posted a 3.39% rise in its net profit during the December quarter on the back of sequential rise in average revenue per user (Arpu) and uptick in data consumption.

JPL’s consolidated net profit in Q3 rose to Rs 7,629 crore from Rs 7,379 crore in the July-September period and Rs 6,861 crore in the third quarter of the previous fiscal, the company said.

The revenue rose 2.56% to Rs 37,262 crore from Rs 36,332 crore in the preceding quarter, driven by strong subscriber growth momentum across mobility and homes, increased customer engagement and growth in digital services business.