Jio Platforms Limited Q2 Profit Rises 13.7% to ₹8,387 Crore

Jio Platforms Limited (JPL) reported consolidated net profit of ₹8,387 crore for Q2 FY27, up 13.7% year-on-year, while revenue from operations increased 11.4% to ₹40,475 crore. The first quarterly results after its stock market listing showed higher subscriber additions, rising ARPU, digital-services growth and a 250-basis-point expansion in EBITDA margin.

What did Jio Platforms report in Q2 FY27?

Jio Platforms reported a 13.7% year-on-year increase in consolidated net profit to ₹8,387 crore in the July-September quarter of FY27, compared with ₹7,375 crore a year earlier. Revenue from operations rose to ₹40,475 crore from ₹36,332 crore, representing 11.4% growth.

Gross revenue increased 11.3% year-on-year to ₹47,485 crore from ₹42,652 crore. Including other income of ₹978 crore, which increased 49.5% year-on-year, total income rose to ₹41,453 crore from ₹36,986 crore. Total expenses increased 11.6% to ₹30,194 crore.

The results were Jio Platforms' first quarterly earnings announcement following its October 28 stock-market listing. The company had recently completed an IPO of ₹30,213 crore, described as India’s largest IPO.

What drove Jio Platforms' revenue and operating-profit growth?

Jio Platforms attributed its revenue growth to subscriber additions, higher average revenue per user and healthy expansion in digital services. Revenue grew 11% in the Connectivity business and 16% in Digital Services, indicating growth across both core telecom and technology-led operations.

EBITDA increased 16.6% year-on-year to ₹21,879 crore, compared with ₹18,757 crore in Q2 FY26. EBITDA margin expanded by 250 basis points to 54.1% from 51.6%, supported by revenue growth and operating leverage.

Free cash flow, measured by the company as EBITDA less cash capital expenditure, reached ₹32,130 crore in the first half of FY27. This was 98% higher than the corresponding period a year earlier. The measure indicates the cash generated by operations after cash capital spending under the company's stated calculation.

How did Jio Platforms' subscriber and usage metrics change?

Jio Platforms' total subscriber base reached 542.4 million in Q2 FY27, up 7.1% from 506.4 million in the year-ago quarter. The company added 9.1 million net subscribers during the quarter, while trailing 12-month net additions stood at 36 million.

The company crossed 300 million 5G mobility subscribers during the quarter and added 66 million 5G users over the preceding 12 months. Its fixed broadband subscriber base also crossed 30 million, reflecting the continued expansion of home broadband services.

Monthly churn was stable at 1.6%, compared with 1.9% a year earlier. ARPU increased 3.5% year-on-year to ₹218.8 from ₹211.4, and rose sequentially from ₹215.6 in Q1 FY27. The company said a better subscriber mix and positive seasonality supported the increase, while fixed-broadband promotional schemes partly offset the gain.

What were the key Jio Platforms Q2 FY27 figures?

Jio Platforms' quarterly data showed that operating profit growth exceeded revenue growth, resulting in higher EBITDA margin. Customer usage also rose, with total data traffic increasing 22.1% year-on-year to 71.3 billion GB.

Average monthly data consumption per customer increased to 44.2 GB from 38.7 GB a year earlier. These operating measures are relevant because telecom revenue depends on the size and quality of the subscriber base, customer retention and usage of mobile, broadband and digital services.

Why do Jio Platforms' results matter for investors and the telecom sector?

Jio Platforms' results provide the first set of quarterly financial and operating indicators for investors after the company's listing. Its IPO was subscribed 22.19 times, and shares listed at a premium of more than 21% to the issue price of ₹1,119 per share, according to the provided information.

For investors, the quarter highlighted the relationship between subscriber growth, ARPU and profitability. Revenue from operations grew 11.4%, while EBITDA rose 16.6%, allowing the EBITDA margin to improve. The free-cash-flow figure for the first half also gives a view of cash generation after cash capital expenditure.

The operating data also reflects continuing demand for mobile data, 5G connectivity and fixed broadband. Jio Platforms has crossed 300 million 5G mobility subscribers and 30 million fixed broadband subscribers, while data traffic rose 22.1%. Managing Director Akash M Ambani said the performance reflected the strength of the 5G network and the expanding reach of broadband and digital services.

Conclusion

Jio Platforms' Q2 FY27 performance combined double-digit growth in operating revenue, net profit and EBITDA with gains in margin, ARPU and subscribers. The company reported ₹8,387 crore in net profit and ₹40,475 crore in operating revenue, while its 542.4 million subscriber base and 300 million 5G users remained central to its growth metrics.

The next areas to watch are subscriber additions, ARPU movement, data usage and the growth of connectivity and digital-services revenue. Investors will also track how the company sustains operating margins and free cash flow as it expands 5G, fixed broadband and digital services following its public listing.