NSEPress Release20h ago · 30 Oct 2026, 07:24 pm
Press Release
Jio Platforms Limited · JPL
✦ AI Summary▲ PositiveResults
Jio Platforms Limited reported a 11.3% YoY increase in quarterly revenue to ₹ 47,485 crore, driven by subscriber addition, higher ARPU, and healthy growth in digital services. EBITDA increased by 16.6% YoY, driven by revenue growth, operating leverage, and margin expansion of 250 bps. The company also reported a strong FCF generation of ₹ 32,130 crore in 1H FY27, up 98% YoY.
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Full Announcement
In continuation of our letter of today's date on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, we attach a copy of Media Release being issued by the Company.
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October 30, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1,
Dalal Street, G Block, Bandra - Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 545004 Trading Symbol: JPL
Dear Sirs,
Sub: Media Release - Consolidated and Standalone Unaudited Financial Results
for the quarter and half year ended September 30, 2026
In continuation of our letter of today’s date on the Consolidated and Standalone
Unaudited Financial Results for the quarter and half year ended September 30, 2026,
we attach a copy of Media Release being issued by the Company
The Consolidated and Standalone Unaudited Financial Results for the quarter and half
year ended September 30, 2026, approved by the Board of Directors and the Media
Release thereon are also available on the website of the Company at
https://www.jio.com/about/investor-relations/disclosure/statutory-filings/.
This is for information and records.
Thanking you
Yours faithfully,
For Jio Platforms Limited
Venkataraman Ramachandran
Compliance Officer
Encl.: as above
CONSOLIDATED JIO PLATFORMS LIMITED (“JPL”)
Quarterly Revenue at ₹ 47,485 crore, up 11.3% Y-o-Y
Quarterly EBITDA at ₹ 21,879 crore, up 16.6% Y-o-Y
JPL delivered double-digit Revenue growth across Connectivity (11%) and Digital Services (16%)
JPL EBITDA growth of ~17% YoY was led by revenue growth and operating leverage
(margin improvement of 250bps YoY)
Strong FCF generation (EBITDA less Cash Capex) of ₹ 32,130 crore in 1H FY27, up 98% YoY
During the quarter, JPL crossed twin milestones of 300 million 5G mobility and
30 million Fixed Broadband subscriber base
Total subscriber base of over 542 million with trailing twelve months net adds of 36 million
Jio Platforms successfully completed its Initial Public Offering of ₹ 30,188 crore on
28th October 2026, largest in India till date
A. FINANCIAL RESULTS
(₹ in crore)
Sr. Particulars 2Q 1Q 2Q % chg. 1H 1H FY26
No. FY27 FY27 FY26 Y-o-Y FY27 FY26
1 Gross Revenue 47,485 45,961 42,652 11.3 93,446 83,706 1,72,317
2 Consolidated Revenue 40,475 39,173 36,332 11.4 79,648 71,364 146,885
from Operations
3 EBITDA 21,879 20,865 18,757 16.6 42,744 36,892 76,255
4 EBITDA Margin (%)1 54.1 53.3 51.6 250bps 53.7 51.7 51.9
5 EBIT 14,268 13,407 12,082 18.1 27,675 23,738 49,006
6 EBIT Margin (%)1 35.3 34.2 33.3 200bps 34.7 33.3 33.4
7 Profit Before Tax (PBT) 11,259 10,427 9,937 13.3 21,686 19,488 40,353
8 PBT Margin (%)1 27.8 26.6 27.4 40bps 27.2 27.3 27.5
9 Profit After Tax (PAT) 8,387 7,764 7,375 13.7 16,151 14,485 30,049
10 PAT Margin (%)1 20.7 19.8 20.3 40bps 20.3 20.3 20.5
11 Net Leverage (x) 2 0.10 0.11 0.55 - 0.10 0.56 0.36
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Sr. Particulars 2Q 1Q 2Q % chg. 1H 1H FY26
No. FY27 FY27 FY26 Y-o-Y FY27 FY26
12 Return on Average 11.0 10.2 12.5 - 10.6 12.1 10.8
Capital Employed 3 (%)
13 EBITDA Less Capex 4 15,449 16,681 10,129 52.5 32,130 16,216 42,071
1. Margin is calculated on Revenue from Operations
2. Net Leverage refers to Net Debt divided by EBITDA. Net Debt has been computed as the aggregate of the Current and
Non-current Borrowings and reduced by Cash and Marketable Securities. Net leverage for three months ended
September 30, 2026, June 30, 2026 & September 30, 2025 and for six months ended September 30, 2026 & September
30, 2025 have been annualized.
3. RoACE refers to profit for the year/period plus deferred tax expense plus finance costs less other income divided by
average capital employed for the year/period. Average Capital Employed for the year/period is computed as average of
Capital Employed at the beginning and end of the year/period. Capital employed as of the end of the year/period has
been computed as total equity plus total borrowings plus deferred payments liabilities plus creditor for capital expenditure
plus deferred tax liabilities (net), and reduced by Cash and Marketable Securities, capital work-in-progress, other
intangible assets under development and spectrum under development. Cash and Marketable Securities refers to Cash
and Cash Equivalents and Current Investment as at the end of the Fiscal/ period. RoACE for three months ended
September 30, 2026, June 30, 2026 & September 30, 2025 and for six months ended September 30, 2026 & September
30, 2025 have been annualized.
4. Cash Capex refers to cash outflow towards expenditure for property, plant & equipment, spectrum & other intangible
assets less proceeds from disposal of property, plant & equipment & other intangible assets.
Quarterly Performance (2Q FY27 vs 2Q FY26)
• Operating revenue increased 11.4% Y-o-Y driven by subscriber addition, higher ARPU and healthy
growth in digital services.
• EBITDA increased by 16.6% Y-o-Y driven by revenue growth, operating leverage and margin
expansion of 250 bps.
• PAT increased 13.7% YoY with EBITDA growth offset by higher finance costs due to 5G asset
capitalization in March 2026.
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B. OPERATIONAL UPDATE
Sr. Particulars UoM % chg. FY26
2Q 1Q 2Q
No. FY27 FY27 FY26 Y-o-Y
1 Customer Base Million 542.4 533.3 506.4 7.1 524.4*
2 Net Customer Addition Million 9.1 8.9 8.3 9.6 36.2
3 Monthly Churn % 1.6 1.6 1.9 (30bps) 1.7 *
4 Monthly ARPU ₹ 218.8 215.6 211.4 3.5 214.0 *
5 Data Traffic Billion GB 71.3 69.4 58.4 22.1 241.4
6 Monthly Data Consumption GBs 44.2 43.7 38.7 14.2 42.3 *
per Customer
7 Voice Traffic trillion mins 1.52 1.52 1.50 1.3 6.05
* for exit quarter
• ARPU increased further to ₹ 218.8 with promotional schemes for fixed broadband customers offsetting
better subscriber mix and increased usage.
• Per capita data consumption was 44.2 GB/ month with total data traffic growth of 22.1% Y-o-Y during
2Q FY27.
• Monthly churn was stable at 1.6% with net subscriber addition of 9.1 million during the quarter.
C. STRATEGIC PROGRESS
• The equity shares of the Company have been listed on the National Stock Exchange of India Limited
(NSE) and BSE Limited (BSE) with effect from 28th October, 2026 upon completion of the Initial Public
Offer by way of fresh issue of 27,00,00,000 equity shares of face value of ₹ 10 each at an issue price
of ₹ 1,119 per equity share (including a securities premium of ₹ 1,109 per equity share) (“Issue”). The
Page 3 of 5
Gross Proceeds from the Issue, after accounting for employee discount of ₹ 54 per equity share,
aggregated ₹ 30,188 crore.
• An aggregate amount of ₹ 27,500 crore from the Net Proceeds has been utilized towards prepayment,
in full or in part, of the principal amount outstanding of certain External Commercial Borrowings availed
by Reliance Jio Infocomm Limited, material subsidiary of the Company and the balance amount will be
utilised towards general corporate purposes, in line with the Objects of the Issue as set out in the
Prospectus.
• Jio extended its leadership in 5G subscriber base with 300 million users as of September 2026, up 66
million over the last 12 months. Customer engagement also remained robust with 5G now accounting
for ~56% of total wireless traffic.
• Total Fixed Broadband subscribers as of September 2026 stood at 30.0 million with 7.3 million additions
over the last 12 months. Jio AirFiber with total base of 15.1 million subscribers, has driven more than
75% of Jio’s fixed broadband additions during the last 12 months.
• During the India Mobile Congress 2026, Jio Platforms showcased Jio Call Agent which using AI can
transcribe and summarise calls for every participant and can act as a concierge. This can be invoked
during an ongoing call without downloading an application or adding an additional number. Jio also
unveiled JioFrames, AI-native smart camera frames featuring a discreet built-in camera, voice
assistance (‘Hello Jio’), hands-free calling, live translation across 12 languages, and UPI payments.
• JioGames has continued to enhance its catalogue with new additions like Final Fantasy VII, Cricket26,
War Thunder, and Mafia II during the quarter. All these premium titles and more are available on
JioGames Pro Pass with subscription plans starting at ₹
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