Jio Platforms posts 14% profit rise in first results since its IPO
Jio Platforms, the telecom and digital arm of Reliance Industries, lifted net profit 13.7% year on year in July–September, with revenue up 11.4%.
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what happened
According to Moody's, Jio Platforms reported a net profit of Rs 8,389 crore for the July–September quarter, up 13.7% year on year and 8% from the previous quarter. Revenue from operations rose 11.4% annually to Rs 40,475 crore. These were the company's first results since its shares began trading on 28 October, when they delivered listing gains of 21.4% over the Rs 1,119 issue price.
Ebitda climbed 16.6% year on year, with margin reaching 54.1%. Average revenue per user rose to Rs 218.8 a month from Rs 215.6 in the June quarter, and subscribers grew by 9.1 million to 542.4 million. The company also said Rs 27,500 crore of IPO proceeds went toward prepaying part of external commercial borrowings at Reliance Jio Infocomm.
why it matters
With a market capitalisation of about Rs 13 trillion, Jio Platforms is now India's second-most-valued listed company, behind its parent Reliance Industries. Solid numbers support its valuation and investor interest in the Indian telecom sector. ARPU growth remains modest, however, since it has been roughly flat sequentially without tariff hikes, and promotional 5G offers continue to weigh on revenue per user.
market impact
Reliance Industries and Indian telecom: strong Jio results support the group's valuation
tags
instruments
sources
- Jio Platforms Q2FY27 profit rises 14% in first post-listing results — Moody's, 30 October 2026 at 17:02 UTC
- Jio Platforms Q2FY27 profit rises 14%, Arpu grows to Rs.218.8 in first post-listing results — Moody's, 30 October 2026 at 18:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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