Jio Platforms Reports 13.7% Rise in Q2 Net Profit Following Market Debut

Jio Platforms Ltd (JPL), the parent company of Reliance Jio, reported a net profit of ₹8,389 crore for the July-September period of the 2026-27 financial year, marking an increase of 13.7 per cent compared to ₹7,379 crore in the corresponding period of the previous year. The financial results were filed in the company's first earnings report since its initial public offering (IPO) earlier in the week.

Financial Highlights

• Revenue: Rose 11.4 per cent year-on-year to ₹40,475 crore, compared to ₹36,332 crore in the previous year.
• EBITDA: Quarterly earnings before interest, tax, depreciation, and amortisation climbed 16.6 per cent year-on-year to ₹21,879 crore.
• ARPU: Average revenue per user stood at ₹218.8, compared to ₹211.4 in the same quarter last year.
• Net Debt: Reduced significantly by 78.6 per cent to ₹8,822 crore from ₹41,161 crore in Q2FY26.

Subscriber Base and Data Usage

Reliance Jio closed September 2026 with a total user base of 542.4 million, which includes 300 million 5G subscribers. The company reported the addition of 9.1 million subscribers during the quarter. Customer engagement metrics indicated average monthly data consumption at 44.2 GB per user, up from 38.7 GB per user in the same period last year.

Fixed broadband subscribers reached 30 million by the end of September 2026, with Jio AirFiber accounting for over 15.1 million subscribers and driving more than 75 per cent of fixed broadband additions over the preceding 12 months.

IPO Proceeds and Strategic Outlook

According to regulatory disclosures, ₹27,500 crore from the net proceeds of the IPO has been utilised to prepay external commercial borrowings of its subsidiary, Reliance Jio Infocomm Ltd, with the remainder designated for general corporate purposes.

Managing Director Akash Ambani addressed analysts following the results, highlighting the robust demand seen across investor categories during the public offering. Leadership outlined future growth strategies focusing on enterprise solutions, fixed wireless services, and next-generation technologies including satellite communications and artificial intelligence integration.

How to Verify

Interested readers and investors can review the complete financial disclosures and official stock exchange filings directly through the investor relations portals of Reliance Industries Limited and Jio Platforms Ltd, or via official notifications on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).