New Delhi : Jio Platforms announced a 23.4 pc increase in its Q2 FY25 consolidated net profit to Rs 6,539 crore, driven by a rise in average revenue per user to Rs 195.1 per month. In the last quarter ended in September, the revenue from operations of Jio Platforms, holding Reliance Industries' telecom and digital businesses, increased by 18 pc to reach Rs 31,709 crore. In Q2FY25, the total revenue reached Rs 37,119 crore, marking a 17.7 percent increase from the same period in the previous year. ARPU, a crucial metric for telecommunications companies, rose to Rs 195.1 due to the partial implementation of the tariff increase and an improved subscriber combination. The ARPU showed a significant increase (7.4 per cent) from the Rs 181.7 observed in both Q1 FY25 and Q2 FY24.
According to an earnings statement, the complete effects of the tariff increase will be felt over the next 2-3 quarters. Engagement levels stayed high as total data and voice traffic both saw a 24 per cent and 6.4 per cent increase, respectively. The statement indicated that there was a small amount of SIM consolidation following the tariff increase in 2Q FY25, which balanced out the ongoing strong performance in gross addition; monthly churn rose to 2.8 percent. Jio announced that it has achieved 148 million 5G subscribers in under two years since its launch, solidifying its position as the leading 5G provider globally, excluding China.
It was mentioned that Jio has changed India's 5G landscape by moving it from being lacking in 5G to being well-equipped, with exclusive spectrum holdings, 5G Standalone Architecture, and innovative technologies such as Carrier Aggregation and Network Slicing. Akash M Ambani, who is the Chairman of Reliance Jio Infocomm, stated that Jio has always prioritized advanced technological innovation to generate value for both customers and shareholders. The continuous change brought about by Jio True5G and JioAirFiber in India's digital scenery is proof of this strategy.
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