Jio Platforms net profit jumps 47% in January-March quarter to Rs 3,508 cr

On a sequential basis, it was a weak show with a fall in ARPU, flat profit growth

Reliance Jio Platform’s net profit rose 47.5 per cent to Rs 3,508 crore in January-March quarter on a year-on-year (YoY) basis on the back of faster customer additions. In the same quarter last year, the company had posted a net profit of Rs 2,379 crore.
 
Revenue from operations grew 18.9 per cent YoY basis to Rs 18,278 crore while earnings before interest tax depreciation and amortization (Ebitda) rose 36 per cent to Rs 8,573 crore.
 
On a sequential basis, however, Jio's result was weak as discontinuation of interconnect usage charges (IUC) resulted in 6.1 per cent decline in