Jio Platforms’ net profit increases by 12.5 percent to Rs 5,098 crore

Reliance Group’s digital services company Jio Platforms’ net profit increased by 12.5 per cent year-on-year to Rs 5,098 crore in the April-June quarter due to increase in customer base and better average revenue. Jio Platforms’ net profit in the same quarter a year ago was Rs 4,530 crore. Jio Platforms includes Reliance’s telecom arm Jio Infocomm, some startups and music and video streaming apps. According to quarterly results announced on Friday, its operating income rose 11.3 per cent to Rs 26,115 crore in the April-June period compared to a year earlier. It was Rs 23,467 crore in the same period of 2017. 90 lakh net customers were added in the quarter and the total data traffic increased by 28 percent to 33.2 billion gigabytes. Average revenue per subscriber (ARPU) also increased by 2.8 percent to Rs 180.5 in the June quarter. Reliance Jio Infocomm Chairman Akash Ambani said, ‘Jio is making rapid progress in expanding its True 5G network. Jio is on the path to setting up 5G network across the country before December this year.