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.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10

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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 Page 1 of 5 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. Page 2 of 5 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 ₹ [Showing first 8,000 characters — download PDF for full document]