Jio Platform’s Net Profit Rises 12% YoY To INR 5,693 Cr

Jio Platforms posted a 12% year-on-year (YoY) increase in its consolidated net profit to INR 5,693 Cr in Q1 FY25

Revenue from operations grew 13% YoY to INR 29,449 Cr in Q1 FY25

EBITDA rose 12% YoY to INR 14,638 Cr during the quarter

Reliance Industries Ltd’s (RIL’s) digital giant Jio Platforms posted a 12% year-on-year (YoY) increase in its consolidated net profit to INR 5,693 Cr in the first quarter of the financial year 2024-25 (FY25). 

However, net profit grew about 2% from INR 5,583 Cr in Q4 FY24.

Revenue from operations grew 13% YoY to INR 29,449 Cr in Q1 FY25. On a sequential basis, operating revenue grew 2% from INR 28,871 Cr. 

Jio Platforms’ ARPU remained unchanged on a sequential basis during the quarter at INR 181.7 per month.  ARPU grew marginally on a YoY basis from INR 180.5 per month. 

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 12% YoY to INR 14,638 Cr during the quarter, while EBITDA margin stood at 49.7%. 

Customer base stood at 48.97 Cr at the end of the June quarter, an increase of 9% from 44.85 Cr a year ago. The number stood at 48.18 Cr at the end of Q4 FY24.

(The story will be updated shortly.)