Reliance Group’s digital services company Jio platforms increased to Rs 5,098 crore on an annual basis for increasing customer base in the April-June quarter and getting better average revenue. The net profit of Jio platforms was Rs 4,530 crore in the same quarter of a year ago. The Jio platforms include Reliance’s telecommunications unit Jio Infocomm, some startups and music and video streaming apps.
According to the quarter results declared on Friday, its operational income in the April-June period increased by 11.3 percent to Rs 26,115 crore as against Rs 23,467 crore in the same period a year ago.
In this quarter, 90 lakh net customers were connected and the total data traffic increased by 28 percent to 33.2 billion gigabytes. Average revenue (ARPU) per customer also increased by 2.8 percent to Rs 180.5 in the June quarter.
Akash Ambani, chairman of Reliance Jio Infocomm, said, ‘Jio is making rapid progress in the expansion of its True 5G network. Jio is on the way to creating a 5G network across the country before December this year.
