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Reliance Group’s digital services company Jio Platforms reported a 12.5 per cent year-on-year rise in net profit to Rs 5,098 crore in the April-June quarter on increased subscriber base and better average revenue. Jio Platforms had a net profit of Rs 4,530 crore in the same quarter a year ago. Jio Platforms includes Reliance’s telecom arm Jio Infocomm, some startups and music and video streaming apps.
According to the quarterly results announced on Friday, its operating income rose 11.3 per cent to Rs 26,115 crore in the April-June period as against Rs 23,467 crore in the year-ago period.
9 million net customers were added during the quarter and total data traffic grew by 28 percent to 33.2 billion gigabytes. The average revenue per customer (ARPU) also increased by 2.8 per cent to Rs 180.5 in the June quarter.
Akash Ambani, Chairman, Reliance Jio Infocomm, said, “Jio is making rapid progress in expanding its True5G network. Jio is on the way to set up 5G network across the country before December this year.
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