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Jio’s Q4 net profit grows 48% to Rs 3,508 crore

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Jio’s complete buyer base of the corporate as of March 31, 2021, was 426.2 million.

Jio Platforms on Friday reported 47.5 per cent progress in its consolidated net profit for the January-March quarter at Rs 3,508 crore. During the identical quarter of FY20, the corporate had reported a consolidated net profit of Rs 2,379 crore.

Jio’s consolidated income from operations rose 18.9 per cent on a year-on-year foundation to Rs 18,278 crore through the fourth quarter of FY21. The complete buyer base of the corporate as of March 31, 2021, was 426.2 million, mentioned an organization assertion.

The common income per consumer (ARPU) through the quarter was Rs 138.2 per subscriber monthly.

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The complete information site visitors through the quarter elevated 26.7 per cent YoY to 1,668 crore GB. The complete voice site visitors through the quarter was 103,290 crore minutes, up 17.9 per cent YoY.

Reliance Industries Ltd Chairman and Managing Director Mukesh D. Ambani mentioned: “Jio has a highly engaged 426 million customer base and remains committed to enhancing digital experiences not only for our existing customers but, for all individuals, households, and enterprises across the country. With its path defining partnerships over the last couple of years, Jio will continue to strive towards making India a premier digital society.”

Noting that Covid has introduced forth new challenges for the nation, he mentioned: “Jio’s on-the-ground teams are working tirelessly to address all issues for ensuring seamless customer service. Jio’s focus remains on making lives easy for all citizens through our digital solutions while ensuring safety of our employees and partners.”

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