Jio Platforms Profit Surges 14% on Strong User Mix and Digital Growth

Economic Times Markets · stocks

Jio Platforms reported a 14% increase in net profit to ₹8,387 crore for the September quarter, driven by an improved 4G/5G subscriber mix and expansion in digital services. The company's customer base grew to 542 million, with its 5G user base crossing 300 million. Revenue from operations rose 11.4% to ₹40,475 crore, and Ebitda increased by 16.6%. This performance marks an early test of investor confidence following Jio's recent blockbuster IPO and its debut as India's second-largest company by market value.