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Jio Platforms posts 14% profit growth in first post-IPO quarterly results

In its first earnings release since its stock market debut, Jio Platforms reported a nearly 14% rise in quarterly net profit to approximately Rs 8,387 crore, driven by customer additions, rising home broadband adoption, and higher average revenue per user.

Akash Ambani speaks in front of a Jio backdrop with an overlay detailing Jio Platforms' Q2 earnings growth.
Image: @Inc42

Days after making its stock market debut, Jio Platforms reported strong financial gains for the July-September quarter of FY27. Consolidated net profit increased roughly 14% year-over-year to around Rs 8,387 crore to Rs 8,389 crore, up from Rs 7,379 crore in the same period a year earlier.[1][2][3][4][5]

Operating revenue for the second quarter advanced 11.4% from the prior year to Rs 40,475 crore, according to Inc42. On a sequential basis, net profit expanded 8% while revenue climbed 3.3% quarter-over-quarter.[2][5]

The telecom major expanded its user base by adding 9.1 million customers during the quarter, bringing its total subscribers to 542.4 million. Average revenue per user reached Rs 218.8, supported by an influx of higher-paying subscribers. Growth was further bolstered by steady momentum across its digital services operations and expanding traction in home broadband.[1][3][4][5]

Key facts

  • Jio Platforms reported Q2 FY27 net profit of approximately Rs 8,387 crore to Rs 8,389 crore, rising about 13.7% to 14% year-over-year from Rs 7,379 crore.
  • Operating revenue for the quarter rose 11.4% year-over-year to Rs 40,475 crore.
  • Sequentially, net profit increased 8% and revenue rose 3.3%.
  • Jio added 9.1 million subscribers in the quarter, bringing its total subscriber base to 542.4 million.
  • Average revenue per user (ARPU) reached Rs 218.8.
  • The earnings release was the company's first quarterly report following its stock market debut earlier in the week.

Sources · 5 sources

  1. BU

    businessline@businesslinePost on X ·

    Jio Platforms reported a 13 per cent year-on-year increase in net profit to ₹8,387 crore for the quarter ended September, driven by strong subscriber additions, higher average revenue per user (ARPU) and continued momentum across its digital services businesses, reports Vallari Sanzgiri. https://t.co/zxvEyBgzhi

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  2. ET

    Economic Times@EconomicTimesPost on X ·

    Jio Platforms Q2 Results: Profit rises 14% YoY to Rs 8,389 crore; revenue up 11% #EarningsWithET https://t.co/2t4sIQN0mW

    Open source
  3. MI

    Mint@livemintPost on X ·

    After making its stock market debut earlier this week, Jio Platforms Ltd on Friday reported steady growth in the July-September quarter (Q2FY27), supported by continued subscriber additions, growing traction in home broadband and sustained momentum in its digital services business. (@jatingroverr reports) https://t.co/7xxI8i0Icu

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  4. BL

    Bloomberg@businessPost on X ·

    Profit at Jio Platforms rose 14% as it added higher-paying subscribers, marking its first earnings report since its blockbuster stock-market debut this week https://t.co/598T4bz8pN

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  5. IN

    Inc42@Inc42Post on X ·

    Jio Platforms Q2 Profit Rises 13.7% To ₹8,387 Cr, Revenue Grows 11.4% YoY. 👇 The recently listed telecom major reported a consolidated net profit of ₹8,387 Cr in Q2 FY27, up from ₹7,379 Cr a year ago. Operating revenue increased 11.4% YoY to ₹40,475 Cr. Sequentially, net profit rose 8%, while revenue grew 3.3%. Jio added 9.1 Mn customers during the quarter, taking its subscriber base to 542.4 Mn, with ARPU reaching ₹218.8. 🔗 Read more about Jio Platforms’ Q2 performance here: https://t.co/auT9KYuwvy #JioPlatforms #Jio #Q2Results #Telecom #News

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