Reliance Jio Q3 Results: Net profit rises 12.2% YoY to Rs 5,208 crore
Reliance Jio Infocomm, the telecom unit under Jio Platforms Limited (JPL), reported 12.2% on-year growth in net profit for the fiscal third quarter.
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Reliance Jio Infocomm, the telecom unit under Jio Platforms Limited (JPL), reported 12.2% on-year growth in net profit for the fiscal third quarter.
The telco said that Jio True 5G network now carries almost one-fourth of Jio’s mobility data traffic, and the entire 5G data is now carried on Jio’s own 5G+4G combo core.
Jio Platforms' revenue growth was driven by a steady increase in both the subscriber base and ARPU for the connectivity business.
Reliance Jio's revenue from operations stood Rs 19,347 crore versus 18,492 crore in the same quarter last fiscal.
Jio maintained its top position in the 4G speed chart with a 22.0 Mbps average download speed in December 2021, according to data published by TRAI.