Jio Platforms Reports 11.4% Revenue Growth and 13.7% Rise in Net Profit in Q2 FY27
Bilkul Bazaar
Ahmedabad | 30 Oct 2026
Jio Platforms Limited (JPL) reported a strong financial performance for the second quarter of FY2026-27, posting consolidated revenue from operations of ₹40,475 crore, registering an 11.4% year-on-year (YoY) increase compared with ₹36,332 crore in the corresponding quarter last year.
The company’s EBITDA rose 16.6% YoY to ₹21,879 crore, while EBITDA margin improved by 250 basis points to 54.1%, reflecting revenue growth and improved operating leverage. Profit after tax (PAT) increased 13.7% to ₹8,387 crore from ₹7,375 crore a year earlier.
For the first half of FY27, Jio Platforms recorded revenue from operations of ₹79,648 crore, up 11.6% compared with ₹71,364 crore in the corresponding period of FY26. EBITDA stood at ₹42,744 crore, registering 15.9% growth, while PAT rose 11.5% to ₹16,151 crore.
Subscriber Base Crosses 542 Million
Jio’s total customer base reached 542.4 million at the end of September 2026, up 7.1% year-on-year. The company added 9.1 million net subscribers during the quarter.
Monthly average revenue per user (ARPU) increased to ₹218.8 from ₹211.4 in the year-ago quarter. Monthly customer churn remained stable at 1.6%.
The company’s 5G subscriber base crossed 300 million, adding 66 million users over the past 12 months. 5G services accounted for approximately 56% of total wireless traffic.
Jio’s fixed broadband subscriber base also crossed the 30-million mark, reaching 30 million in September 2026. Jio AirFiber, with 15.1 million subscribers, contributed more than 75% of the company’s fixed broadband additions over the past year.
AI and Digital Services Expansion
During the quarter, Jio Platforms showcased new technology offerings at India Mobile Congress 2026, including Jio Call Agent, an AI-powered service that can transcribe and summarise phone conversations and provide concierge assistance during ongoing calls.
The company also unveiled JioFrames, AI-enabled smart camera frames featuring voice assistance, hands-free calling, live translation across 12 languages and UPI payment capabilities.
JioGames expanded its gaming catalogue with titles including Final Fantasy VII, Cricket26, War Thunder and Mafia II. The company also introduced JioShield, a family safety application offering location tracking, SOS alerts, screen-time management and application controls.
Jio Platforms Completes ₹30,188-Crore IPO
In a significant corporate milestone, Jio Platforms completed its ₹30,188-crore initial public offering (IPO) on October 28, 2026, marking the largest IPO in India to date, according to the company.
Its equity shares were listed on the National Stock Exchange (NSE) and BSE. Of the IPO’s net proceeds, ₹27,500 crore has been utilised towards repayment, in full or in part, of certain external commercial borrowings of its subsidiary Reliance Jio Infocomm Limited. The remaining proceeds will be used for general corporate purposes.
Commenting on the performance, Akash M. Ambani, Managing Director of Jio Platforms, said the company’s results reflected the strength of its 5G network and the expanding reach of its broadband and digital services. He added that Jio would continue investing in satellite communications, 6G intellectual property and AI integration across its core voice and data services.