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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
