Jio Platforms on Friday reported an 8.8 per cent increase in net profit to Rs. 3,795 crore for the third quarter ended December 2021. The company had posted a net profit of Rs. 3,486 crore in the same period a year ago. Gross revenue from operations increased by 5.76 per cent to Rs. 24,176 crore from Rs. 22,858 crore in the period October-December 2020.
Reliance Jio (RJIL), Telecom Services Branch live The platforms reported a 9.8 per cent increase in net profit to Rs. 3,615 crore as compared to Rs 3,615 crore for the quarter. 3,291 crore in the year-ago period. RJIL’s revenue from operations grew 4.62 per cent to Rs. 19,347 crore from Rs. 18,492 crore earlier.
Jio said to be planning data-driven 5G network is running. It will be based on targeted customer consumption and revenue by using heat maps, 3D maps and ray tracing technology for accurate coverage planning to target high consumption and high perception locations.
Jio Platforms said, “Planning for 5G coverage for 1,000 top cities across the country has been completed. Jio is testing advanced use cases in healthcare and industrial automation on its 5G network.”
The company said that it has partnered with WhatsApp To simplify the prepaid recharge experience while providing unparalleled convenience to the consumers.
Jio Platforms’ total subscriber base stood at 421 crore at the end of December 2021, compared to around 41 crore a year ago.
Jio Platforms further said that its average revenue per user (ARPU) grew by 8.4 per cent to Rs. 151.6 on a year-on-year basis.
Jio Platforms said, “ARPU improved due to better customer mix and recent tariff hike. 151.6. The full impact of the tariff hike will be visible over the next few quarters on ARPU and financials.”