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Jio Platforms posts Rs 8,389 Cr Q2 profit, up 13.7%, in its first results as a listed company
Operating revenue rose 11.4% to Rs 40,475 Cr, ARPU reached Rs 218.8 and the customer base crossed 542 million, two days after a record stock market debut.
Jio Platforms reported a consolidated net profit attributable to owners of Rs 8,389 crore for the September quarter (Q2 FY27) on October 30, up 13.7% from Rs 7,379 crore a year earlier and about 8% from Rs 7,764 crore in the June quarter, according to Mint, CNBC TV18 and The Times of India. Revenue from operations rose 11.4% to Rs 40,475 crore. Inc42 put net profit at Rs 8,387 crore. These are the company's first quarterly numbers since its shares began trading on October 28.
EBITDA grew 16.6% year on year to Rs 21,879 crore and the EBITDA margin widened 250 basis points to 54.1%, CNBC TV18 reported. Average revenue per user rose 3.5% to Rs 218.8 from Rs 211.4, with promotional schemes for fixed broadband customers offsetting a better subscriber mix and higher usage, Mint said, citing the company's press release.
The customer base reached 542.4 million after 9.1 million net additions in the quarter, and monthly churn held at 1.6%, down from 1.9% a year earlier, The Times of India reported. Jio crossed 300 million 5G subscribers, with 5G carrying about 56% of wireless traffic, and passed 30 million fixed broadband subscribers, of which JioAirFiber accounts for 15.1 million, according to CNBC TV18. Data traffic rose 22.1% to about 71 exabytes and average use per customer reached 44.2 GB a month.
On the market side, CNBC TV18 reported that the IPO drew a record 1.34 crore applications and left Jio Platforms with 79.8 lakh shareholders. The stock listed at Rs 1,358, a 21.4% premium to the issue price of Rs 1,119, valuing the company at about Rs 12.5 lakh crore, and closed at Rs 1,437.50 on October 30.
Managing director Akash Ambani said in the results statement, as quoted by CNBC TV18, that the company would keep building capabilities in satellite communications, 6G intellectual property and AI embedded in its core voice and data services. During the quarter Jio showed Jio Call Agent, an AI call assistant, and JioFrames, AI smart camera frames, at India Mobile Congress 2026, and launched the JioShield family safety app.
