SUMMARY
– IOperating revenue grew 13.4% to INR 28,871 Cr during the quarter under review from INR 25,465 Cr in Q4 FY23
– The company attributed the rise in revenue to robust subscriber growth across mobility and homes, and the benefit of mix improvement in average revenue per user
– Jio Platforms’ ARPU stood at INR 181.7 per month in Q4 FY24 as against INR 178.8 in the year-ago quarter
Reliance Industries Ltd’s (RIL’s) digital giant Jio Platforms Ltd posted a 12% year-on-year increase in its consolidated net profit to INR 5,583 Cr in the fourth quarter of the financial year 2023-24 (FY24).
Operating revenue grew 13.4% to INR 28,871 Cr during the quarter under review from INR 25,465 Cr in Q4 FY23.
The company attributed the rise in revenue to robust subscriber growth across mobility and homes, and the benefit of mix improvement in average revenue per user (ARPU).
Jio Platforms’ ARPU stood at INR 181.7 per month in Q4 FY24 as against INR 178.8 in the year-ago quarter. However, ARPU was unchanged from INR 181.7 in the preceding December quarter of FY24.
