Reliance Jio, India’s largest telecom operator, yesterday reported a 24 per cent jump in its October-December quarter net profit as average per-user revenue rose largely due to tariff hike.
Its standalone net profit of Rs 6,477 crore in October-December 2024 compared to Rs 5,208 crore in the same period a year back and Rs 6,231 crore in the preceding July-September 2024 quarter, according to a stock exchange filing by the company, a PTI report stated yesterday.
Jio‘s revenue from operations was up at Rs 29,307 crore from Rs 25,368 crore in October-December 2023.
Meanwhile, a media statement put out by Reliance Industries on the group’s Q3 performance added that the telecom business ARPU increased further to Rs. 203.3 with sustained impact of tariff hike and better subscriber mix. Residual impact of tariff hike still to play out, it said.
Some other highlights are the following:
Industry leading customer engagement with per capita data consumption of 32.3 GB/month, and total data traffic growth of 22.0 percent.
Customer addition has rebounded to pre-tariff-hike levels in the exit month after transient SIM consolidation.
Net subscriber addition in Q3 FY25 was 3.3 million and monthly churn moderated to 2.0 percent.
Total subscriber base was 482 million as of Dec’24, up 2.4 percent Y-o-Y.
Record quarter for home connections with robust 2 million new connections in Q3 of FY 25.
JjioAirfiber is rapidly growing to global leadership with a subscriber base of 4.5 million.
Jio continues to be the world’s leading standalone 5G operator (outside China) with a subscriber base of over 170 million.
Akash M Ambani, Chairman of Reliance Jio Infocomm, said, “Jio has played a key role in digital inclusion by bringing the world’s best communication technologies for every Indian. Rapid scale up of
5G adoption and proliferating fixed broadband beyond tier1 towns over the past year, further strengthens the Digital India mission.
“Jio will continue to lead the charge in technology innovation by fully embracing the power of AI to create a connected, intelligent future that is truly transformative.”