Jio Platforms has achieved revenue of ₹40,475 crore in the second quarter of this year. Revenue during the same period last year was ₹36,332 crore. With the increase in earnings, the company’s profit has also increased by 14% to ₹ 8,389 crore, which was ₹ 7,379 crore at the same time last year. Operating profit crosses ₹ 21,879 crore The company’s operating profit i.e. EBITDA has increased to ₹ 21,879 crore in this quarter. If compared with earlier, it was ₹ 20,865 crore in the last quarter and ₹ 18,757 crore in the same quarter last year, which shows the strong financial management of the company. Revenue, EBITDA and profit accounting means users are spending more than 44 GB of data every month. Jio has added 91 lakh new customers in this quarter. Customers have created a new record in terms of data usage, where each user spent an average of 44.2 GB data in a month. With this, the total data traffic on Jio’s network has increased by more than 22% compared to last year. The rate of users leaving the company (churn rate) has remained stable at 1.6%. Earning from each user increased to ₹ 218.8. The company’s average earning per user i.e. ARPU has increased to ₹ 218.8. Earnings have increased due to better customer base and higher data usage. However, due to discounts and promotional offers given to customers in broadband service (fixed broadband), this figure could not go higher than this. Ambani said – The results show the strength of the 5G network. Managing Director of Jio Platforms, Akash M. Ambani said that the results of this quarter show the strength of our 5G network. Along with this, the reach of broadband and digital services is also increasing rapidly. He said that the company will continue to work on technologies like satellite communication, 6G and AI. These technologies will be linked to calling and data services. This will provide huge benefits to both customers and investors. Shares of Jio closed at Rs 1437.50, up 1.12%. Shares of Jio Platforms closed at Rs 1437.50, up 1.12% today. On October 28, it was listed at ₹1,358, which is 21% more than its issue price of ₹1,119. At the end of trading, the company’s shares closed at Rs 1,419.
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Jio Platforms profit rises 14% to ₹8,389 crore: Q2 revenue of ₹40,475 crore; Shares closed 1% higher at 1,437.
