Jio Platforms posts first results since listing as profit rises 14% to Rs 8,389 crore
Jio Platforms, the telecom and digital arm of India’s Reliance group, has reported its first quarterly results since listing on the stock market — and they were stronger than a year ago.
The company said on Friday, 30 October, after markets closed, that net profit attributable to its owners rose 13.7 percent to Rs 8,389 crore in the July to September quarter, from Rs 7,379 crore a year earlier.
Revenue from operations rose 11.4 percent to Rs 40,475 crore, from Rs 36,332 crore a year earlier. Operating profit, known as EBITDA, rose 16.6 percent to Rs 21,879 crore, and the EBITDA margin widened to 54.1 percent from 51.6 percent.
Growth was driven by more customers paying slightly more each month. Average revenue per user rose to Rs 218.8 a month, from Rs 215.6 in the previous quarter and Rs 211.4 a year earlier. Jio added 9.1 million net subscribers, taking its total to 542.4 million at the end of September, up 7.1 percent on a year earlier. Monthly churn held steady at 1.6 percent.
The results came two days after Jio listed on India’s stock exchanges on Wednesday, 28 October. Its shares opened at Rs 1,358, against an issue price of Rs 1,119, and ended Friday at Rs 1,431.30.
Why it matters
This was the first real test for new shareholders after one of India’s biggest listings. Investors wanted to know whether the business behind the debut could keep growing. For this quarter, the answer was yes: profit, revenue and margins all rose, and the company added millions of customers.
Jio said revenue grew 11 percent in connectivity and 16 percent in digital services. Its 5G subscriber base reached 300 million, up 66 million over the past year, while fixed broadband subscribers reached 30 million.
What happens next
Investors will watch Jio’s shares when trading resumes on Monday, 2 November, since the results came after Friday’s close. Akash Ambani, the company’s managing director, said Jio would keep investing in satellite communications, 6G technology and artificial intelligence services, alongside its 5G network and broadband business.
The company also noted that higher finance costs, after 5G assets were capitalised in March 2026, partly offset the rise in operating profit.
This article is for general information and education only. It is not legal or financial advice.
Sources
- https://upstox.com/news/market-news/earnings/jio-platforms-q2-results-profit-rises-nearly-14-yo-y-to-8-389-crore-revenue-up-11-ebitda-margin-improves-181-bps/article-202741/ (Upstox, 30 October 2026)
- https://www.thehindubusinessline.com/info-tech/jio-platforms-q2-profit-rises-13-on-subscriber-growth-higher-arpu/article71645838.ece (The Hindu BusinessLine, 30 October 2026)
- https://swadesi.com/news/jio-platforms-q2-net-profit-rises-137-pc-to-rs-8389-cr-revenue-grows-1-mvv1u7hx (PTI via Swadesi, 30 October 2026)
