Mumbai: Jio Platforms Limited (JPL) has announced a robust 23.4 per cent year-on-year increase in net profit for the second quarter of FY25, reaching Rs 6,539 crore. This growth is primarily attributed to recent tariff hikes and a boost in digital service demand.

Jio solidified its dominance in 5G, transitioning 148 million users to its ‘True5G’ network, which now handles 34 per cent of the company’s wireless data traffic. The telecom giant’s subscriber base expanded to 479 million, showing a 4.2 per cent increase from the previous year. Average revenue per user (ARPU) climbed to Rs 195.1, up 7.4 per cent from the last quarter. "The full impact of the tariff hike will flow through in the next two to three quarters," the company stated, indicating that the financial benefits of its pricing strategy are still unfolding.

Revenue from operations surged by 18 per cent year-on-year to Rs 31,709 crore, driven by both the tariff adjustments and the expansion of home and digital services. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached a record Rs 15,931 crore, up 17.8 per cent from last year.

Engagement metrics remained strong with per capita usage climbing to 31GB per month increasing total data traffic by 24 per cent year-on-year and voice traffic up by 6.4 per cent uptick to 1.42 trillion minutes.

Jio's rapid growth in fixed wireless services was highlighted by over 2.8 million JioAirFiber connections established since its launch, with the company aiming to connect 100 million homes across India at an accelerated pace. In alignment with its ambition to embed artificial intelligence across operations, Jio introduced ‘JioBrain’—a comprehensive AI suite offering real-time data-driven insights and automation.

Reliance Jio Infocomm chairman, Akash M Ambani commented on the company's strategic direction: “Right from inception, Jio has focused on deep tech innovation to create customer and shareholder value. The ongoing transformation created by Jio True5G and JioAirFiber in India’s digital landscape is a testament to this approach.”