Analysts/Institutional Investor Meet/Con. Call Updates

November 1, 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: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript Transcript of the discussion on the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 2026, at the analyst meet held on October 30, 2026, is attached and also available on the website of the Company at https://www.jio.com/about/investor- relations/financials/financials-results/. The analyst meet, conducted physically, concluded at 8:45 p.m. (IST) on October 30, 2026. This is for information and records. Thanking you Yours faithfully, For Jio Platforms Limited Venkataraman Ramachandran Compliance Officer Encl.: as above JPL Q2 FY2026 - 2027 Media & Analyst Call Transcript 30 October 2026 19:35 IST Call Participants: • Sh Akash M Ambani, Managing Director, Jio Platforms Limited • Sh Pankaj Pawar, Chief Executive Officer, Jio Platforms Limited • Sh Mathew Oommen, Group President, Jio Platforms Limited • Sh Anshuman Thakur, Chief Strategy Officer, Jio Platforms Limited • Sh Saurabh Sancheti, Chief Financial Officer, Jio Platforms Limited • Mr. Dan Bailey, President, Jio Platforms Limited Duration: 01:09:31 minutes Presentation Link: https://myjiostatic.cdn.jio.com/cms/assets/about/oct-26/Financial- Presentation-Q2-Results-October-%2030-2026.pdf Meeting Audio: https://www.jio.com/about/investor-relations/financials/financials- results/ • Sh Akash M Ambani 00:00:01 – 00:04:57 (Introduction) • Sh Pankaj Pawar 00:05:00 – 00:28:28 (Overview) • Sh Saurabh Sancheti 00:28:32 – 00:34:02 (Financials) • Sh Akash M Ambani 00:34:08 – 00:37:37 (Summary) • Q&A Session 00:37:41 – 01:09:31 Transcript: PRESENTATION Sh Akash M Ambani 00:00:01 – 00:04:57 (Introduction) Like I said, this is the first change as a listed Company. I hope you all are kind to me, but welcome to JPL’s Analyst Meeting, and we are very happy to be here. Just before I start, an introduction to the team, Mathew is the head of our technology and co-leads, our international business expansion with Dan Bailey. He has been part of the Jio leadership team from the last 15 years. Anshuman Thakur, I believe most of you all should know him. He is our head of strategy and again has been part of the business for the last 12 years. Saurabh Sancheti is our CFO, again been part of the business for the last 12 years. Pankaj Pawar is the CEO and has been part of the group for over 20 years. Dan Bailey has just joined us and is going to co-lead our international business with Mathew Oommen. The way I thought we would structure this meeting today is to give you the highlights of what we actually saw of the IPO and go into a presentation for Q2, which Pankaj will deliver, and then we will open it up to you guys for Q&A. So, obviously, we are extremely ecstatic about what has happened over the last week and the entire process that started in the end of August. Never thought that this would be the outcome, but some of the numbers that we saw, we were raising Rs.30,000 Crores odd and we saw demand of Rs.7.4 lakh crores that is 24.5 times oversubscription. We saw records across every investor category broken, starting from QIB to small HNI, big HNI, retail, and other categories like shareholders and employees. In fact, the people who were inside the war room on the last day, the QIB category in the last 90 seconds, surpassed the previous record, and we had a big celebration at that point of time. So, obviously, very, very happy for that, but also for the overall India picture. We have known how equity markets have been not only in India but globally too. We had foreign investor outflows of close to Rs.48,000 Crores and in a market situation like that for us to make a stellar debut makes us very proud and reflects that people were realizing value of the business that we have built. Again, they say these overnight successes, I can tell you that we have put in extreme hard work over the last 10 years to build this business and we will continue to do so. What was my personal highlights of it? I think obviously the demand that we had, I think we had a fantastic anchor book, an anchor book that has not been seen in India ever before, both by the international funds and the domestic funds. Very, very happy to see tech focused investors also come in with the likes of Dragoneer and Ninety One and really recognizing us as a technology Company. From my point of view, again, it was very heartening to see what happened to the rupee also on the second day of our IPO, so that was something that I do not think any other IPO has ever caused and from my perspective it was very, very heartening to see that. Again, as a Company we are taking the IPO as just a new milestone and we move on from here. We believe that the value that we can create over the next decade or so is even more than what we have done in our first decade and we will continue to aspire from that perspective. To conclude, I just want to say that one of the learnings that I have always taken with me is that never let today’s achievement limit tomorrow’s ambition, and that is what we want to carry forward as a Company. So with that, I will hand over to Pankaj to walk us through Q2 and then handle the Q&A amongst the team. Thank you very much. Sh Pankaj Pawar 00:05:00 – 00:28:28 (Overview) Good evening, everyone. I think probably this is the first time when the entire management team of JPL is present here. So in a sense, it shows the true commitment to what we have been sort of keeping our heads down and trying to deliver over this 10-year period. I think today’s objective is just to give the overall perspective on how we look at the business as well besides numbers and the real differentiators vis-a-vis other players in the market. This quarter has been an industry leading quarter. Again, 542.4 million customers, 36 million year- on-year net adds, almost 9 million adds in this quarter itself and then within this the 5G customer base has now reached 300 million. So clearly I think if we just look at the Verizon and US AT&T, I think this is equal to that size and this has been our clear objective as well, keep increasing the base of 5G, and that is happening. Broadband homes reaching again an important milestone of 30 million numbers almost 7.3 million net adds year-on-year and this is one of our main growth engines and I will talk about it in a minute. The most important for us always has been what is the engagement and what is the usage, now that number is 44.2 GB per month, almost 14% year-on-year growth. ARPU has reached now ₹218.8 per month, 3.5% year-on-year growth. Revenue from operations ₹40,475 Crores, it is 11.4% year-on-year growth, with that EBITDA is ₹.21,879 Crores, 16.6% Y-o-Y growth, 54.1% margin and EBITDA less capex again ₹15,449 in Q2, which is up 52.5% year-on-year. I think it is heartening to see that as we get listed in the first quarter itself, which we are reporting, we are well on our growth path and we will explain how we look at, how the trend line will move forward from here. I think just to give a perspective, how we just look at the construct of this business, the first part is Growth is life, in the Reliance context, but whether it is growth in mobility, whether it is in home, it is enterprise where we are in that sense we have a much bigger opportunity to chase and the digital services is a major part and of course beyond digital services and beyond India’s boundary, whatever Jio wants to do, that is part one. The deepen part, deepen is the relationship with the consumers and whatever we do through our digital engagements to drive stronger retent [Showing first 8,000 characters — download PDF for full document]