Reliance Jio Q3 Results: India's Top Telco Reports 26% PAT Surge, EBITDA Up 18.8%

Reliance Jio reported its financial performance for the quarter ending December Q3 FY25 on Thursday, with a jump in the net profit which stood at Rs. 6,477 crore, up by 24.4% from the Rs. 5,208 crore reported during the corresponding quarter of the previous year. Quarterly revenue reached Rs. 38,750 crore, rising by 19.2% year-on-year (YoY) growth. The company also recorded a strong quarterly EBITDA of Rs. 16,585 crore, with an 18.8% Y-o-Y increase. The Net Profit stood at Rs.6,457 crore that jumped 25.9% from Rs.5,445 crore in Q3 of the previous year.

The firm reported that Jio's total subscriber base stood at approximately 482 million as of December 2024, which is up with a 2.4% YoY growth. The Average Revenue Per User (ARPU) improved to Rs.203.3 during the third quarter, with additional benefits from the tariff hike expected to materialize in future quarters.

The quarter also witnessed record growth in home connections, with around 2 million new additions in Q3 FY25. JioAirFiber continued its rapid expansion towards global leadership, achieving a subscriber base of approximately 4.5 million.

Additionally, Jio has also carved its position as the world's leading standalone 5G operator (excluding China), with its 5G subscriber base surpassing 170 million, accounting for 40% of its wireless traffic.

The press release stated that.JioAirFiber has significantly expanded broadband access beyond the top 1,000 cities, with 70% of new connections coming from underserved areas, bringing the total installations to approximately 17 million. Moreover, JioAICloud was introduced, offering 100 GB of free storage along with advanced AI services supported by gigawatt-scale infrastructure. The release also highlighted Jio's innovations unveiled at India Mobile Congress 2024, including JioBrain and AI-driven solutions like JioEducation, JioKrishi, and JioCloudPC.

Reliance Jio Q2FY25 Performance

Jio Platforms Ltd. (JPL)'s Q2 results were quite impressive as the company reported a strong 23.4% year-on-year increase in net profit, reaching ₹6,539 crore for Q2 FY25. The surge in profits was mainly due to higher telecom tariffs introduced in early July, which led to a rise in net profit of 12% YoY. The company's ARPU for Q2 rose to Rs.191.5, a 7.4% Y-o-Y increase, after remaining stable at Rs.181.7 for four consecutive months. Additionally, Jio's revenue from operations climbed 18% Y-o-Y to Rs. 31,709 crore in Q2, up from a 12.8% growth rate in the previous quarter.

Reliance Industries Shares Today

The shares of Reliance Industries concluded Thursday's trading session on a strong note, rising by 1.82% to close at Rs. 1,275 per share. Reliance Industries Stock will be in the spotlight in tomorrow's trading session post the Q3 earnings announcement by the company today.