Jio Platforms’ Q4 Profit Crosses INR 7,000 Cr Mark

Reliance Industries Ltd’s (RIL’s) digital arm Jio Platforms’ consolidated net profit jumped 25.7% to INR 7,022 Cr in the final quarter of the financial year 2024-25 (Q4 FY25) from INR 5,587 Cr in the year-ago quarter. 

On a quarter-on-quarter (QoQ) basis, Jio’s bottom line grew 2% from INR 6,861 Cr.

Meanwhile, operating revenue increased 17.7% to INR 39,853 Cr during the quarter under review from INR 33,835 Cr in Q4 FY24. This also marked a 3% QoQ increase from INR 33,074 Cr. 

The company said that its top line growth was driven by tariff increase for mobile services, an improvement in its subscriber mix due to scale up of home connections and growth in digital services.

The company, which houses telecom major Reliance Jio Infocomm, saw its EBITDA jump 18.5% year-on-year (YoY) to INR 17,016 Cr. 

For the fiscal year, Jio’s top line stood at INR 1.28 Lakh Cr, marking a 16% increase from INR 1.10 Lakh Cr in FY24. Meanwhile, net profit rose 22% to INR 26,120 Cr in FY25 from INR 21,434 Cr in FY24.

Jio added 6.1 Mn new subscribers during the quarter, taking its total subscriber base to 48.82 Cr. Meanwhile, its average revenue per user (ARPU) per month grew 13.5% YoY to INR 206.2 at the end of FY25. It stood at INR 203.3 in Q3 FY25.

The company claimed that its monthly churn in user base was the lowest in the industry at 1.8%. In the quarter, Jio saw a data traffic of 48.9 Bn GB, up nearly 20% YoY, while its voice traffic grew 3.5% YoY to 1.49 Tn minutes. 

The company said that new additions were driven by the rebound of mobile additions post tariff hike and the steady ramp-up of connected homes. While Jio 5G’s user base grew to 191 Mn, Jio AirFiber’s subscriber base crossed 5.6 Mn mark at the end of the quarter.

“Steady increase in subscriber base, with an improving mix and increasing user engagement metrics boosted earnings. Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects. Jio continues to invest in innovation, focusing on AI capabilities and next generation technologies, which will shape India’s digital future,” RIL chief Mukesh Ambani said.

Overall, RIL’s net revenue stood at INR 2.64 Lakh Cr while its PAT stood at INR 22,611 Cr in the quarter under review. Along with the financial results, the company also said that it will raise INR 25,000 Cr through issuance of listed, secured/ unsecured NCDs in one or more tranches on a private placement basis. However, it didn’t mention how it intends to utilise the funds. 

What All Happened At Jio In The Quarter? 

The past quarter was rife with activity for the digital giant. Here’s a look at the key developments at RIL’s digital and telecom arm during the quarter. 

— In March, Jio inked a deal with Elon Musk’s SpaceX to offer Starlink’s broadband internet services to its customers in India. Once SpaceX gets the necessary authorisations to operate in India, Jio is set to offer the Starlink equipment in its retail outlets. “Jio and SpaceX are also evaluating other complementary areas of cooperation to leverage their respective infrastructure to enhance India’s digital ecosystem further,” the company said. 

—This marked the first full quarter of Jio and Disney+ Hotstar’s combined OTT platform, JioHotstar. The company announced that the OTT platform’s paid user base zoomed to 28 Cr during the quarter, making it the second largest subscribed OTT platform. 

— In the quarter, Jio partnered with AMD, Cisco, and Nokia to build an Open Telecom AI Platform to redefine telecom operations with AI integration. Without giving any timeframe of the launch of the open-source AI platform, the company said that it will be utilised to enhance network security and efficiency, reducing total cost of ownership using agentic AI, general and domain specific LLMs and SLMs. 

— On the AI front, Jio Platforms’ chairman Akash Ambani informed during the Mumbai Tech Week 2025 that the company is building a cloud-based PC that will allow users to deploy compute-intensive AI applications. The cloud-based PC is slated to be compatible with all consumer PC brands. However, the company didn’t make any new disclosure on this front today. 

— While the company remained silent on its crypto product, JioCoin, in its disclosures, Inc42 reported in February that the cryptocoin has now been integrated within its web browser JioSphere and its messaging app, Messages. With this, ‘Messages’ will reward users with JioCoin if they make it their default app for sending and receiving text messages, sources told Inc42. 

Shares of RIL ended Friday’s trading session 0.12% lower at INR 1,300.05 on the BSE.