Jio beats estimates, profit up to Rs 7,023 crore

Jio Platforms (JPL), the digital and telecom arm of Reliance Industries, on Friday posted a sequential rise in net profit for the January–March quarter, on the back of rising average revenue per user (Arpu) and continued growth in data usage. The company’s consolidated net profit at Rs 7,023 crore, was up 2.42% from Rs 6,857 crore in the previous quarter.