Jio Platforms on Friday posted an 8.8% 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 ago a year. Gross operating income increased by 5.76 to 1 to Rs. 24,176 crore from Rs. 22,858 crore during the period October-December 2020.
Reliance Jio (RJIL), the telecommunications services arm of Jio Platforms, reported a 9.8% increase in net profit to Rs. 3,615 crore for the quarter, from Rs. 3,291 crore in the period it a year ago. RJIL’s operating revenue increased by 4.62% to Rs. 19,347 crore from Rs. 18,492 crore earlier.
Jio said planning for a data-driven 5G network is underway. It will be based on targeted customer consumption and revenue using heat maps, 3D maps and ray tracing technology for precise coverage planning to target high consumption and high perception locations .
“5G coverage planning has been completed for 1,000 major cities nationwide. Jio has conducted trials on advanced use cases in healthcare and industrial automation on its 5G network,” said Jio Platforms.
The company said it has partnered with WhatsApp to simplify the prepaid recharge experience, bringing unprecedented convenience to consumers.
Jio Platforms’ total customer base stood at 42.1 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) increased by 8.4% to Rs. 151.6 on an annual basis.
“ARPU is improving to Rs. 151.6 due to better subscriber mix and recent rate hike. The full impact of the rate hike will be reflected in ARPU and financials over the next coming quarters,” said Jio Platforms.