Jio Platforms (JPL), the holding company for Jio and other digital ventures within the Reliance group, has solidified its position as one of India's top companies, reporting an impressive 11.7% year-on-year (YoY) increase in net profit for the first quarter of FY25. The company's net profit reached US$ 684.7 million (Rs. 5,698 crore), driven by substantial growth in its subscriber base.

5G Rollout and Market Position

During the financial results announcement, Mr. Mukesh Ambani, CEO of Jio Platforms, highlighted the successful completion of the company's nationwide 5G rollout. JPL now boasts over 130 million 5G users, with more than 85% of the 5G radio cells in India belonging to Jio. The completion of this extensive rollout is expected to lead to a decrease in capital expenditure related to 5G infrastructure.

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Broadband Services Expansion

In addition to its 5G achievements, JPL is focusing on expanding its home broadband sector. The company aims to add 1 million new home broadband customers each month. Currently, Jio serves nearly 30 million home customers through its digital broadband and digital TV services. The JioAirFiber service, which leverages 5G technology, has seen remarkable growth since its launch in October of the previous year. Within its first six months, JioAirFiber gained 1 million customers, and an additional 1 million customers were added in the subsequent 100 days.

Global Data Traffic Leadership

Jio Platforms has established itself as the world’s largest data company, with an 8% share of global data traffic. This achievement underscores India’s status as the largest data market globally. In just eight years, Jio has grown to become the leading mobile data provider worldwide, making significant strides in affordable data access. Currently, data prices in India are approximately one-fourth of the global average and just 10% of those in developed countries.

Customer Usage and Market Impact

Each of Jio’s 490 million customers uses over 30 GB of data monthly, contributing to a 33% increase in the company’s data traffic over the past year. This substantial growth in data consumption reflects the widespread adoption of Jio’s services and the company’s pivotal role in shaping India’s digital landscape.

Conclusion

Jio Platforms' robust financial performance, coupled with its achievements in 5G technology and broadband expansion, highlights the company's ongoing commitment to innovation and customer satisfaction. As Jio continues to enhance its service offerings and drive down data costs, it remains at the forefront of India’s digital transformation, solidifying its position as a leader in the global telecommunications industry.

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