Jio Platforms Ltd reports 14% profit growth in Q2 FY27

Jio Platforms Ltd reported consolidated net profit of ₹8,389 crore for Q2 FY27, up 13.7% year-on-year, in its first quarterly results after listing. Revenue from operations increased 11.4% to ₹40,475 crore, while subscriber additions, a higher ARPU and digital-services growth supported the September-quarter performance.

What did Jio Platforms report for Q2 FY27?

Jio Platforms reported a 13.7% year-on-year increase in consolidated net profit to ₹8,389 crore for the quarter ended September 30, 2026. The result was also higher than the ₹7,765 crore reported in the preceding June quarter, representing an 8% sequential increase.

Revenue from operations rose to ₹40,475 crore from ₹36,332 crore a year earlier. On a sequential basis, revenue was 3.3% above ₹39,173 crore in Q1 FY27. Gross revenue, which includes revenue beyond operations, stood at ₹47,485 crore, up 11.3% year-on-year and 3.3% quarter-on-quarter.

The company said growth was supported by healthy subscriber additions, digital-services expansion and a marginal rise in average revenue per user, or ARPU. Its subscriber base crossed 542 million, while ARPU increased to ₹218.8 during the quarter.

How did Jio Platforms' operating performance improve?

Jio Platforms said EBITDA increased 16.6% year-on-year to ₹21,879 crore from ₹18,757 crore. EBITDA margin expanded by 250 basis points to 54.1% from 51.6% in the corresponding quarter of the previous year, indicating that operating profit grew faster than revenue.

The company also reported sequential EBITDA of ₹20,901 crore, compared with ₹19,840 crore in Q1 FY27, while the operating margin was stated at 51.6% against 50.6% in the previous quarter. These measures point to continued improvement in the company's operating performance during the first half of FY27.

Managing Director Akash Ambani said Jio Platforms' technology capabilities, distribution network and focus on innovation were contributing to higher margins and ARPU. He described the company as having a full-stack technology capability across seven layers, supported by engineering expertise and proprietary intellectual property developed internally.

Why are subscribers and ARPU important for Jio Platforms?

Subscriber growth and ARPU are central to Jio Platforms' telecom business because they affect recurring service revenue and the ability to recover network and technology investments. The company crossed 542 million subscribers in the reported quarter, strengthening the scale of its mobility operations.

ARPU rose to ₹218.8, adding to revenue growth alongside customer additions. The company did not provide a separate ARPU comparison figure in the supplied results, but management linked the increase to its improving operating performance over recent quarters.

Jio Platforms operates across mobility, home, enterprise and international markets. Management said these areas represent multiple growth engines, with enterprise services viewed as a significant opportunity beyond consumer connectivity.

What are Jio Platforms' plans for enterprise and overseas markets?

Jio Platforms plans to expand its enterprise offering by bringing customers onto its platform and selling digital solutions in addition to connectivity. Ambani said India has about 3.5 lakh leased lines, which account for roughly 5% of the country's total information and communications technology spending.

The company also sees small and medium businesses as a potential market for broadband and additional digital services. The stated strategy is to use connectivity as a base and add other solutions for business customers, rather than limit its role to network access.

For overseas markets, Jio Platforms said it would be selective and pursue a managed-services model. Ambani said international expansion would not involve a heavy-capex rollout, and the company does not intend to sell its proprietary technology stack as a hardware or software-as-a-service product under this approach.

What else did Jio Platforms announce at India Mobile Congress 2026?

Jio Platforms showcased Jio Call Agent and smart camera frames at India Mobile Congress 2026. Jio Call Agent is an AI-powered feature designed to transcribe and summarise calls for all participants and also function as a concierge.

The product showcase came alongside the quarterly results and highlighted the company's effort to develop services beyond conventional telecom connectivity. The supplied information did not disclose commercial launch timelines, pricing or expected revenue contributions for these products.

The Q2 FY27 results were announced after Jio Platforms' market debut on October 28, 2026. The company raised ₹30,188 crore through its initial public offering, and Ambani said demand exceeded ₹7.5 trillion across investor categories. The analyst meeting on the unaudited quarterly and half-yearly results was held on October 30, with an audio recording made available to stakeholders.

Conclusion

Jio Platforms' first quarterly results after listing showed double-digit growth in both profit and revenue, supported by a subscriber base of more than 542 million, a higher ARPU and growth in digital services. The 250-basis-point year-on-year increase in EBITDA margin also underscored the improvement in operating profitability.

Investors will watch whether Jio Platforms can sustain subscriber additions and ARPU growth while building enterprise, small-business and managed-services revenue streams. Further updates on the commercial rollout of Jio Call Agent and other products, as well as progress in selective international expansion, remain relevant to its stated growth plans.