Jio Platforms Q2 profit rises 14% to Rs 8,387 cr, revenue up 11%

Telecom firm Jio Platforms, which made its stock market debut last month, reported a consolidated net profit of Rs 8,387 crore in the September quarter of the ongoing fiscal year (Q2 FY27), up 14% from Rs 7,379 crore in the year-ago period.

Its revenue from operations rose 11% to Rs 40,475 crore, compared to Rs 36,332 crore a year earlier, on the back of healthy subscriber additions, higher average revenue per user (ARPU) and growth in other digital businesses.

Sequentially, profit increased 8% to Rs 7,764 crore, while operating revenue rose 3% to Rs 39,173 crore.

Mukesh Ambani’s Jio also earned other income of Rs 978 crore during the quarter, taking its total income to Rs 41,453 crore.

Key operational updates

According to its investor presentation, Meta- and Google-backed Jio added 9.1 million subscribers during the quarter, taking its total customer base to 542.4 million. The telco also extended its lead in India’s 5G subscriber base with 300 million users as of September 2026, up 66 million over the last 12 months. The company claims to be the world’s largest 5G operator outside China.

Jio’s monthly data use per customer climbed to 44.2 GB in Q2 FY27 from 38.7 GB in Q2 FY26. Monthly ARPU increased further to Rs 218.8 in Q2 FY27, with promotional schemes for fixed broadband customers offsetting a better subscriber mix and increased usage.

Jio ended the July-September quarter of FY27 with 30 million fixed broadband subscribers, of whom 15.1 million were Jio AirFiber subscribers.

“We warmly welcome our new shareholders to the Jio Platforms family as we enter a new era as a listed company. This quarter’s results continue to reflect the strength of our 5G network, and the growing reach of our broadband and digital services,” said Akash Ambani, managing director, Jio Platforms.

He added that the company remains ahead of the investment curve on next-generation tech and will continue to build its capabilities across satellite communications and 6G intellectual property, while embedding AI in its core voice and data services to create lasting value for all stakeholders.

A closer look at Jio’s Q2 expenses

Total expenses stood at Rs 30,194 crore in the July-September quarter of FY27, up 12% from Rs 27,049 crore in the same quarter last year. Sequentially, total expenses rose 1% to Rs 29,771 crore.

• Network operating expenses: This remained the largest cost center for Jio Platforms. The company’s spending under this head rose 3% to Rs 8,813 crore in Q2 FY27 from Rs 8,528 crore.
• Licence fees/spectrum charges: Stood at Rs 3,159 crore, up 8% from Rs 2,917 crore in the year-ago quarter.
• Other expenses: Surged 20% to Rs 4,254 crore in Q2 FY27, compared to Rs 3,543 crore in the year-ago period. Jio Platforms did not give a breakdown of these expenses.

This marks the first earnings report for Jio Platforms following its stock market debut on October 28. The telco raised Rs 30,188 crore (about $3.2 billion) through its initial public offering (IPO). The company’s shares listed at Rs 1,358, a 21% premium over its issue price of Rs 1,119, according to data from the NSE.

In June this year, Jio Platforms offered a sneak peek at Jio AI Call Agent, its network-based AI agent that can transcribe calls, generate call summaries, order food and book a cab without requiring users to download a standalone app. However, some privacy concerns remain.

The company also rolled out JioFrames AI smart glasses last August, pitting itself against the likes of Meta, Sarvam and Lenskart.

Also read:

• Jio Platforms DRHP: 9 AI developments disclosed ahead of IPO
• Reliance Jio’s Data Traffic Rises 19.6% YoY In Q4FY25

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