Jio Platforms Q1 FY25 results: Net profit rises 11.7% to Rs 5,698 crore

The telecom company had seen its annual net profit rise by 12 per cent in FY24 to Rs 21,423 crore, up from Rs 19,124 crore in FY23

However, the telco's Average Revenue Per User (ARPU) in Q1 remained unchanged at Rs 181.7, for the fourth straight month. However, calculated yearly, ARPU was higher by 0.7 per cent in Q1. The company said it achieved a better subscriber mix, including a rising instance of promotional 5G traffic, which is offered unlimited to subscribers and not yet charged separately.

In Q1, the revenue from operations grew 12.8 per cent Y-o-Y to Rs 29,449 crore in Q1 FY25. The rate of growth had been rising for the past two quarters. Revenue had grown by 13.37, 11.3 per cent, 10.7 per cent, and 11.2 per cent in the previous four quarters. The operating revenue growth in Q4 FY24 was driven by robust subscriber growth across mobility and homes, and the benefit of mix improvement in ARPU, the company said.