Jio PAT rises 1.25% in Q1

RELIANCE INDUSTRIES SUBSIDIARY Jio Platforms (JPL) on Friday posted a 1.25% rise in its net profit during the June quarter on the back of sequential rise in average revenue per user (Arpu) and uptick in data consumption.

- URVI MALVANIA

JPL's consolidated net profit in Q1 rose to ₹7,110 crore from ₹7,022 crore in the January-March period and ₹5,698 crore in the first quarter of the previous fiscal, the company said.

The revenue rose 3.08% to ₹35,032 crore from ₹33,986 crore in the preceding quarter, driven by strong subscriber growth momentum across mobility and homes, increased customer engagement and growth in digital services business.

JPL's Ebitda rose 6.58% on quarter at ₹18,135 crore from ₹17,016 crore in Q4FY25 on account of strong revenue growth, and strong margin improvement. Ebitda margin at 51.8% was up 170 basis points sequentially, and up 210 bps year on year.

The firm's revenue came in slightly behind analyst forecast of ₹31,000-₹31,200 crore. PAT and Ebitda also missed analyst estimates.