Jio Platforms net profit up 14.8 per cent in Q2

Jio Platforms’ net profit rose 14.76% in the quarter ended September from the previous quarter on the back of the sharpest sequential rise seen in its average revenue per user (Arpu) in the past 10 quarters. Its subscriber base, however, fell by 10.9 million on account of SIM consolidation after the telco undertook tariff hikes during the quarter.

Jio Platforms’ consolidated net profit rose to Rs 6,539 crore in Q2 from Rs 5,698 crore in the April-June period and Rs 5,299 crore in Q2 of the last fiscal, the company said on Monday.