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Reading: Jio Platforms experiences 26% web revenue progress in Q3 pushed by tariff hikes and subscriber will increase
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StockWaves > Financial News > Jio Platforms experiences 26% web revenue progress in Q3 pushed by tariff hikes and subscriber will increase
Financial News

Jio Platforms experiences 26% web revenue progress in Q3 pushed by tariff hikes and subscriber will increase

StockWaves By StockWaves Last updated: January 17, 2025 2 Min Read
Jio Platforms experiences 26% web revenue progress in Q3 pushed by tariff hikes and subscriber will increase
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Jio Platforms Ltd (JPL), which homes Reliance Industries’ telecom and digital properties, posted a 25.95% on-year rise in web revenue within the fiscal third quarter, on the again of the tariff hikes of July 2024, subscriber additions and robust information utilization progress.

The speed hikes helped Jio develop common income per consumer(ARPU) 4.2% on-quarter to Rs 203.3. However the full helpful affect of the worth hikes will probably be staggered, and prone to come by way of Q4FY25 and Q1FY26, since Jio has a better share of subscribers on longer-validity plans in comparison with Bharti Airtel or Vodafone Thought.

JPL’s consolidated web revenue climbed to Rs 6861 crore within the December quarter from Rs 5447 crore a 12 months earlier, and Rs 6539 crore within the earlier three months, it mentioned in a press release Thursday.

“Strong progress in digital companies enterprise was led by sustained subscriber addition and constant enchancment in buyer engagement metrics. This was nicely supported by a positive subscriber combine, with an rising variety of customers upgrading to 5G networks. Jio’s compelling providing of house broadband companies additionally continued to quickly achieve floor and preserve its pre-eminent market place,” mentioned Mukesh Ambani, chairman and managing director, Reliance Industries.

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