In the absence of tariff hikes and lesser addition of subscribers, Reliance Jio’s revenues and average revenue per user is growing at a slower pace, if the last three quarter’s performance is taken into account.
In the October-December quarter, Jio Platforms’ — which houses Reliance Jio — revenue from operations rose 2.5% QoQ to `24,892 crore, compared to a 3.4% growth in the July-September quarter, 5.4% growth in the April-June quarter, and 8.1% growth in the January-March quarter last year. Bulk of the revenues of Jio Platforms comes from its telecom services arm, Reliance Jio.
The company’s net profit also witnessed a similar trend largely due to a weak growth in the revenues and increase in depreciation due to recently acquired spectrum and increase in network expenses owing to 5G rollout.
In the October-December quarter, Jio Platforms net profit rose 3.2% QoQ to `4,881 crore, compared to a 4.4% growth in…
