Jio Platforms | Jio Platforms’ net profit up 15.6 percent at Rs 4,984 crore

File Photo New Delhi: Jio Platforms, the digital services unit of Reliance Industries, reported a 15.6 per cent rise in net profit to Rs 4,984 crore in the March quarter of FY 2022-23. Giving information about the financial results of the January-March 2023 quarter to the stock markets on Friday evening, the company said that its net profit was Rs 4,313 crore in the same quarter a year ago. Jio Platforms’ operating income grew 14.4 per cent to Rs 25,465 crore during the quarter under review as against Rs 22,261 crore in the same quarter last year. The annual revenue of the company was more than one lakh crore rupees in the financial year 2022-23. Reliance Jio Infocomm Chairman Akash Ambani said in a statement that Jio has worked at an unprecedented pace in offering 5G services across the country. “Jio is committed to building an empowered digital society through customized technology platforms,” ​​he added. Also read According to Jio Platforms, 5G service equipment has been installed at more than 60,000 locations across the country and it is on track to launch the latest telecom service across the country by December. The telecom service provider’s average revenue per subscriber (ARPU) grew 6.7 per cent year-on-year to Rs 178.8 in the March quarter of FY 2022-23. However, it remained almost constant as compared to the December quarter. For the entire financial year (2022-23), Jio’s net profit increased by 23.48 percent to Rs 19,124 crore from Rs 15,487 crore a year ago. During this period, its operating income increased by about 20 percent from Rs 95,804 crore to Rs 1,15,099 crore. The company’s subscriber base grew by 7.1 percent to 43.93 crore. Its customer base in the financial year 2021-22 was Rs 41 crore. Reliance Jio Infocomm, the telecom services subsidiary of Jio Platforms, said its net profit on a standalone basis rose 13 per cent to Rs 4,716 crore in the March quarter. (agency )