Latest news with #AkashAmbani
The Print
4 days ago
- Business
- The Print
Jio Platforms' Q1 profit rises 25% to Rs 7,110 cr on higher per user revenue
Quarterly Earnings Before Interest, Taxes, Depreciation, and Amortization or EBITDA at Rs 18,135 crore was up 23.9 per cent year-on-year. The Q1FY26 report card of JPL, the entity that houses Reliance Industries' telecom and digital businesses, ticked all the boxes on key metrics, as gross revenue climbed 19 per cent year-on-year (YoY) to Rs 41,054 crore, and margins improved. New Delhi, Jul 18 (PTI) Jio Platforms on Friday reported a net profit of Rs 7,110 crore for the June quarter, a nearly 25 per cent rise over the year-ago period, as its numbers were bolstered by customer adds, improved realisations per user and data traffic growth. Average Revenue Per User – a key monitorable – increased to Rs 208.8 against Rs 206.2 in the March quarter and Rs 181.7 in the June quarter of FY25. The 5G user base crossed the 200-million mark during the quarter and now stands at 213 million as of June 2025. Revenue from operations jumped 19 per cent to Rs 35,032 crore, driven by strong subscriber momentum across mobility and homes, increased customer engagement and growth in the digital services business, according to the earnings statement by parent Reliance Industries. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said: 'Our digital services business consolidated its market position with a robust financial and operational performance.' Margins rose to 51.8 per cent in the June quarter, with the company attributing the 210 basis point rise to operational leverage and sharp gaze on cost efficiencies. Reliance Jio Infocomm – the telecom unit – posted a 23.2 per cent increase in net profit at Rs 6,711 crore in Q1FY26, while revenue from operations grew 16.6 per cent to Rs 30,882 crore. Akash Ambani, Chairman of Reliance Jio Infocomm, said: 'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country.' Jio ended the quarter with 498 million subscribers, with 9.9 million net additions in Q1FY26. The per capita data consumption stood at 37 GB/month, and total data traffic grew 24 per cent YoY during Q1FY26. 'Strong subscriber addition momentum was driven by continued market share gains in mobility and record home connects,' the company said. JioAirFiber is now the largest FWA (Fixed Wireless Access) service globally with a subscriber base of about 7.4 million, according to the telco. Jio said it has reached the 20 million connected premises mark with fixed broadband. Among the quarter highlights, Jio cited the launch of JioGames Cloud, a cloud gaming platform that allows anyone with a smartphone or a regular laptop/desktop or Jio-STB to play high-end console-quality games without any additional hardware. During the quarter, Jio also introduced JioPC, a next-gen AI ready cloud computer. PTI MBI MBI SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
5 days ago
- Business
- Time of India
Reliance Jio Q1FY26 net profit up nearly 25% on year
Mumbai: Jio Platforms Ltd (JPL), which houses Reliance Industries' telecom and digital businesses, posted a nearly 25% year-on-year rise in fiscal first quarter net profit, boosted by continued addition of data users. JPL's consolidated net profit stood at ₹7,110 in the June quarter from ₹5,698 crore a year earlier, and ₹7,022 crore crore in the previous three months, the Mukesh Ambani-owned company said in a statement Friday. 'I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connections. Jio AirFiber is now the largest FWA (fixed wireless access) service provider in the world, with a base of 7.4 million subscribers,' said Mukesh Ambani , chairman and managing director, Reliance Industries, the parent of JPL. During the quarter, Jio reached 20 million connected premises with fixed broadband, up from 17.4 million in the preceding quarter. Its FWA subscriber base touched 7.4 million - the largest number of any global telecom operator. This was driven by its self-developed multi-point UBR technology which enables multiple home connections through a single 5G cell site, bringing down deployment costs. The company also fulfilled its target of 1 million home connections in a quarter - for the first time - during Q1FY26, it said. The telco has set a target of connecting 100 million homes across the country. Jio's average revenue per user (ARPU) rose 1.3% sequentially to ₹208.8 from ₹206.2 in FY4Q25, with the strong addition of FWA users and the residual impact of last July's tariff hikes. Mukesh Ambani-owned Jio reported a 19% on-year growth in revenue from operations at ₹35,032 crore for the just-ended quarter, reflecting continued data usage and ramp-up of 5G-based FWA services. Revenue in the fiscal fourth quarter was ₹33,986 crore. Reliance Jio Infocomm, the telecom unit under JPL, reported an over 23% on-year growth in net profit for the June quarter at ₹6711 crore, on revenue from operations of ₹30,882, up nearly 17% on year. This compares with revenue of ₹30,354 crore in FYQ425. Jio Infocomm, the country's top telecom operator, comprises the bulk of JPL's operations. During the three-month period, Jio gained 9.9 million users, boosting its overall base to 498.1 million, as the telco continued to gain users mainly from Vodafone Idea and state-run Bharat Sanchar Nigam Ltd. (BSNL). The company had taken the lead in raising tariffs by 12-25% for most of its users with the aim of shoring up ARPU due to the lack of monetisation of 5G services so far where the company has made large investments in buying airwaves and rolling out a pan-India 5G network. It ended the quarter with 212 million 5G subscribers (versus 191 million in January-March). 'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country,' said Akash Ambani, chairman, Reliance Jio. JPL's FY1Q earnings before interest, tax, depreciation and amortisation (Ebitda) margin expanded to 518% sequentially from 50.1% in the fiscal fourth quarter and 49.7% a year ago. Per capita data consumption grew to 37 GB per month at June end, from 33.6 GB per month at March-end, due to an expansion of Jio's 5G services and increased consumption by fibre-to-home users. Total wireless data consumption rose to 54.7 billion GB from 48.8 billion GB in the preceding quarter, while voice consumption remained flat at 1.49 trillion minutes.
Time of India
5 days ago
- Business
- Time of India
Jio Q1 results: Net profit rises 25% to Rs 7,110 crore, revenue climbs on subscriber surge
Digital and telecom arm of Reliance Industries , Jio Platforms Ltd, reported a 25% year-on-year (YoY) rise in net profit at Rs 7,110 crore for the quarter ended June 30, 2025. The company's gross revenue for the first quarter of FY26 climbed 19% YoY to Rs 41,054 crore, according to the consolidated earnings release issued by Reliance Industries. The growth in revenue was attributed to a strong increase in subscriber base across both mobility and home segments, along with greater customer engagement and a growing digital services business, the company said, reported PTI. Reliance Industries Chairman and Managing Director Mukesh Ambani said, 'Jio has scaled newer heights during the quarter, including crossing 200 million 5G subscribers and 20 million home connects.' He added, 'Jio AirFiber is now the largest FWA (Fixed Wireless Access) service provider in the world, with a base of 7.4 million subscribers. Our Digital Services business consolidated its market position with a robust financial and operational performance.' Average Revenue Per User (ARPU), a key telecom industry metric, rose to Rs 208.8 during the quarter, up from Rs 206.2 in the March quarter and Rs 181.7 in the June quarter last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Jio Platforms also posted a 210 basis-point increase in margins, supported by operational leverage and improved cost efficiencies, the company said. Akash Ambani, Chairman of Reliance Jio Infocomm, said 'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country.' Jio Platforms includes all of Reliance Industries' telecom and digital businesses. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
5 days ago
- Business
- Business Standard
Q1 results: User addition helps Jio log 25% profit jump, 15% rise in Arpu
Jio Platforms Limited (JPL), which runs India's largest telecom network, Reliance Jio, reported a net profit of Rs 7,110 crore in the April-June 2025-26 period, up 24.9 per cent year-on-year. In the last four quarters, the company has registered net profit growth of 25.7%, 26%, 23.4%, and 11.7%, respectively. Overall, JPL's revenue for the April-June 2025-26 quarter stood at Rs 41,054 crore, representing an 18.8% year-on-year increase. India's largest telecom company, Reliance Jio Infocomm, reported an average revenue per user (ARPU) of 208.8 rupees in the current fiscal year's first quarter. In the last quarter, the ARPU was Rs 206.2, up from ₹203.3 in the October-December 2024-25 period. On a yearly basis, the company's ARPU was higher by 14.9 per cent. Overall, Reliance Jio had 498.1 million 5G users at the end of Q1, up from 488.2 million users at the end of March. The telco reported that it gained 9.9 million subscribers in the latest quarter, a sharp increase from the 6.1 million subscriber additions in the previous quarter. The telco had lost 10.9 million subscribers in the July-September 2024 period following the tariff hike. Previously, the telco had added users for seven consecutive quarters. 'We have delivered a milestone quarter at Jio with our 5G and Home subscriber base crossing the 200 million and 20 million marks, respectively. Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country,' Reliance Jio Infocomm chairman Akash Ambani said. On a standalone basis, Reliance Jio Infocomm's revenue from operations stood at Rs 30,882 crore, up from Rs 26, 478 crore recorded year ago. Net profit of the telco for the quarter stood at Rs 6,711 crore on a standalone basis. Reliance Jio Infocomm paid spectrum charges and licence fees of Rs 2,820 crore during the quarter ended June 30.
Business Upturn
5 days ago
- Business
- Business Upturn
Jio Platforms Q1 Results: Revenue surges 19% YoY to ₹35,032 crore, net profit rises nearly 25% YoY
Jio Platforms Limited, the digital services arm of Reliance Industries, posted a robust performance for the quarter ended June 30, 2025 (Q1 FY26), with strong revenue growth, expanding margins, and milestone achievements in its subscriber base. For Q1 FY26, Jio Platforms' revenue from operations rose by 19% year-on-year (YoY) to ₹35,032 crore, compared to ₹29,449 crore in Q1 FY25. On a consolidated basis, net profit after tax and share of associates and JVs climbed nearly 25% YoY, reaching ₹7,110 crore versus ₹5,693 crore in the same quarter last year. The company's EBITDA increased by 23.9% YoY to ₹18,135 crore, with EBITDA margins improving by 210 basis points YoY to 51.8%, supported by operational efficiencies and scale benefits. Average revenue per user (ARPU) for the quarter stood at ₹208.8, registering a 14.9% increase YoY. Operationally, Jio Platforms added 9.9 million net subscribers during the quarter, taking the total customer base to approximately 498 million. Notably, the company surpassed 200 million 5G subscribers and 20 million home broadband connections, establishing itself as the world's largest fixed wireless access (FWA) service through Jio AirFiber. Data consumption per user also continued to grow, with total data traffic increasing 24% YoY, and per capita consumption at 37 GB per month. On the innovation front, Jio launched JioGames Cloud, a cutting-edge cloud gaming platform, and JioPC, an AI-ready cloud computer that turns any screen into a personal computer, offered via an affordable subscription model. Commenting on the results, Akash Ambani, Chairman of Reliance Jio Infocomm, said: 'We have delivered a milestone quarter at Jio with our 5G and Home subscriber base crossing the 200 million and 20 million marks respectively. Jio continues to bring next-generation services with the launch of JioGames Cloud and JioPC, driving digital adoption in India. Our technology leadership in 5G and broadband positions us to lead the AI revolution in the country.' Jio's relentless subscriber growth, focus on differentiated digital services, and expanding presence in both consumer and enterprise segments underline its strong market leadership and sustained momentum. Disclaimer: All data, statements, and quotes in this article are based on the company's official media release dated July 18, 2025. Neither the author nor Business Upturn is liable for any inaccuracies or interpretations. Investors are advised to rely on official filings and conduct their own due diligence before making any financial decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
