Jio Platforms Reports Q2 Net Profit of Rs 8,389 Crore, Revenue Rises 11.4%

Jio Platforms has announced its financial results for the September quarter of FY27, reporting a 13.7% year-on-year increase in consolidated net profit alongside growth in key operational metrics. The figures mark the company's first quarterly earnings report following its recent stock market debut.

Financial Highlights

• Consolidated Net Profit: Reached Rs 8,389 crore, reflecting a 13.7% increase compared to Rs 7,379 crore in the corresponding quarter of the previous year. On a sequential basis, net profit grew by 8% from Rs 7,765 crore in the June quarter.
• Revenue from Operations: Rose 11.4% year-on-year to Rs 40,475 crore, up from Rs 36,332 crore. Quarter-on-quarter, revenue increased by 3%.
• EBITDA: Grew 17% year-on-year, supported by revenue growth, operating leverage, and margin expansion.

Subscriber and Usage Metrics

• Customer Base: Expanded to 542.4 million, marking a 7.1% year-on-year increase from 506.4 million. The company added 9.1 million net subscribers during the quarter.
• ARPU: Average revenue per user rose to Rs 218.8, compared to Rs 211.4 in the same period last year and Rs 215.6 in the preceding quarter.
• Data Traffic: Total data consumption increased 22.1% year-on-year to 71.3 billion GB, with average monthly data consumption per user rising to 44.2 GB.
• Voice Traffic: Stood at 1.52 trillion minutes, representing a 1.3% increase year-on-year.

Market Context and Verification

The earnings announcement follows Jio Platforms' stock market debut on October 28. Prior to the results, shares traded at Rs 1,437.50 on the National Stock Exchange and Rs 1,431.20 on the Bombay Stock Exchange.

Stakeholders and interested observers can verify these financial results and official statements by reviewing filings on the official investor relations portals of Reliance Industries and the respective Indian stock exchanges.