Jio Platforms Q2 results: Profit rises 14%; company eyes 340 million mobile broadband users

Mumbai: Jio Platforms Ltd reported a 13.7% year-on-year rise in September-quarter profit, supported by subscriber additions and growth in its broadband and digital services businesses, as the newly listed company looks to tap a larger opportunity in mobile broadband and expand beyond connectivity.

The company sees an opportunity to add 340 million mobile broadband (4G/5G) users in India over the next five years, including 240 million existing 2G users and 100 million new users, Jio Platforms chief executive Pankaj Pawar said during a post-results call with analysts.