Reliance Jio Infocomm Limited has released its consolidated financial results for the quarter ended (QE) December 31, 2024. The company reported a net profit of Rs 68.61 billion during the reported quarter as compared to Rs 54.47 billion for QE December 31, 2023. Its revenue from operations rose to Rs 330.74 billion during the quarter under consideration compared with Rs 276.97 billion as of December 31, 2023.
As per the company, average revenue per user (ARPU) increased sequentially to Rs 203.3 as compared to Rs 181.7 as of December 31, 2023, due to sustained impact of tariff hike and better subscriber mix. In addition, earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 165.85 billion as compared to Rs 139.55 billion as of December 31, 2023, due to revenue growth and stable margins.
Commenting on the results, Akash M Ambani, chairman, Reliance Jio Infocomm Limited, said, “Jio has played a key role in digital inclusion by bringing the world’s best communication technologies for every Indian. Rapid scale up of 5G adoption and proliferating fixed broadband beyond Tier1 towns over the past year, further strengthens the Digital India mission. Jio will continue to lead the charge in technology innovation by fully embracing the power of artificial intelligence (AI) to create a connected, intelligent future that is truly transformative. This will drive sustained value creation over next many years.”
