Jio Platforms on Friday reported an 8.8% increase in net profit of Rs. 3,795 crore in the third quarter ended December 2021. The company reported a net income of Rs. 3,486 crore in the same period a year ago. Gross income from operations increased by 5.76% per annum to Rs. 24,176 crore from Rs. 22,858 crore in the period from October to December 2020.
Reliance Jio (RJIL), the telecom services arm of Jio Platforms, reported a 9.8% increase in net profit of Rs. 3,615 crore for the quarter, compared to Rs. 3,291 crore in the last year period. RJIL’s operating income increased by 4.62% to Rs. 19,347 crore from Rs. 18,492 crore before.
Jio said that planning for a data-driven 5G network is underway. It will be based on consumption and revenue from targeted customers using heat maps, 3D maps and ray tracing technology for accurate coverage planning to target high consumption and high perception locations.
“5G coverage planning has been completed for 1,000 major cities across the country. Jio is testing 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 top-up experience, bringing unprecedented convenience to consumers.
Jio Platforms’ total customer base was 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 improves to Rs. 151.6 due to the better subscriber mix and the recent increase in tariffs. The full impact of the tariff increase will be reflected in ARPU and finances in the coming quarters,” said Jio Platforms.