{"id":45320,"date":"2020-07-31T08:55:51","date_gmt":"2020-07-31T08:55:51","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=292574"},"modified":"2020-07-31T08:55:51","modified_gmt":"2020-07-31T08:55:51","slug":"mobile-unit-drives-gains-for-jio-platforms","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/07\/31\/mobile-unit-drives-gains-for-jio-platforms\/","title":{"rendered":"Mobile unit drives gains for Jio Platforms"},"content":{"rendered":"

<\/p>\n

\tJio Platforms’ profit nearly tripled and revenue grew in its fiscal Q1 (to 30 June) as it continued to expand its subscriber base and make gains in mobile tariffs.<\/p>\n

Net profit increased to INR25.2 billion ($336.8 million) from INR8.91 billion in the comparable period of 2019. Operating revenue grew 33.7 per cent to INR195 billion and ARPU 15 per cent to INR140.30 a month.<\/p>\n

Mobile subscribers increased 20 per cent to 398.3 million. It added 9.9 million during the quarter. Average data usage rose to 12.1GB a month from 11.4GB and total voice traffic increased 13.2 per cent.<\/p>\n

The technology subsidiary of multinational conglomerate Reliance Industries inscludes mobile operator Reliance Jio along with broadband and online commerce services.<\/p>\n

Reliance Industries chairman and MD Mukesh Ambani (pictured), said Jio Platforms is set to drive the next leg of hyper-growth for digital businesses, with partnerships across Indian start-ups and globally renowned technology companies.<\/p>\n

\u201cOur growth strategy is aimed at meeting the needs of all the 1.3 billion Indians. We remain focused on playing a leading role India’s transformation into a Digital Society.\u201d<\/p>\n

Reliance Industries raised INR1.52 trillion in investment [1] in Jio Platforms so far this year: it now holds a 66.48 stake in the digital unit, which said it already received INR1.16 trillion as subscription amounts from ten investors.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/blog\/blog-what-next-for-cash-rich-jio-and-india\/<\/p>\n\n

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Jio Platforms’ profit nearly tripled and revenue grew in its fiscal Q1 (to 30 June) …<\/p>\n

The post Mobile unit drives gains for Jio Platforms<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Mobile unit drives gains for Jio Platforms - ITTeacherITFreelance.hk","description":"Jio Platforms’ profit nearly tripled and revenue grew in its fiscal Q1 (to 30 June) ... The post Mobile unit drives gains for Jio Platforms appeared first"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/45320"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=45320"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/45320\/revisions"}],"predecessor-version":[{"id":45324,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/45320\/revisions\/45324"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=45320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=45320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=45320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}