Jio Platforms lifts profit 14% after India's biggest IPO debut
Jio Platforms reported a 14% rise in net profit for the September quarter and passed 542 million customers, according to Moody's. It was the first results since its public listing.
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what happened
Jio Platforms, which made its public debut on October 28 and became India's second-largest company by market value, reported a 14% increase in net profit to 8,387 crore rupees for the September quarter. Profit rose 8% from the previous quarter. The customer base reached 542.4 million, and 300 million users are on 5G. Revenue from operations climbed 11.4% to 40,475 crore rupees, EBITDA grew 16.6%, and the operating margin widened to 54.1%. Monthly ARPU improved to 218.8 rupees from 211.4 a year earlier.
why it matters
These are the first results since the IPO, so investors are watching whether operating performance can support the enthusiasm for the 30,213 crore rupee offering. On its debut session the shares closed 27% above the 1,119 rupee issue price. Jio's market capitalisation stood near 13.18 lakh crore rupees against 12.30 lakh crore for Bharti Airtel.
market impact
Indian telecom and digital services: strong Jio results support sector sentiment and Reliance Industries shares
tags
instruments
sources
- Jio Platforms Profit Zooms 14% on Healthy User Mix, Digital Play — Moody's, 31 October 2026 at 04:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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