Jio Platforms Q2 results: Net profit rises 13.7% to ₹8,387 crore; revenue up 11.4%

Jio Platforms Limited (JPL), which recently completed India's largest initial public offering (IPO) of ₹30,213 crore, reported a 13.7% year-on-year (YoY) increase in consolidated net profit to ₹8,387 crore for the second quarter of FY27, compared with ₹7,375 crore in the corresponding quarter last year.

Consolidated revenue from operations rose 11.4% year-on-year to ₹40,475 crore in Q2 FY27, against ₹36,332 crore in the year-ago period, Jio said in an exchange filing. The Reliance group company reported double-digit revenue growth in both its Connectivity (11%) and Digital Services (16%) businesses.

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

However, higher finance costs following the capitalisation of 5G assets in March 2026 partly offset the benefit of EBITDA growth, according to the company.

Cash generation remained another key highlight. Jio Platforms reported free cash flow, calculated as EBITDA less cash capital expenditure, of ₹32,130 crore in the first half of FY27, up 98% year-on-year.

ARPU rises to ₹218.8; 5G subscribers cross 300 million

Jio's average revenue per user (ARPU) increased to ₹218.8 during the quarter. The company said promotional schemes for fixed broadband customers partly offset the benefits of a better subscriber mix and increased usage.

The telecom operator continued to expand its subscriber base, crossing 300 million 5G mobility subscribers and 30 million fixed broadband subscribers during the quarter. Its overall subscriber base exceeded 542 million, with trailing 12-month net additions of 36 million. Jio added 9.1 million subscribers during Q2 FY27, while monthly churn remained stable at 1.6%.

Data consumption also continued to rise. Per capita monthly data usage stood at 44.2 GB, while overall data traffic increased 22.1% year-on-year during the quarter, reflecting growing demand for digital connectivity and services.

Akash Ambani outlines Jio’s push into satellite communications, 6G and AI

Welcoming the company's new shareholders, Akash M Ambani, Managing Director of Jio Platforms, said the quarterly performance reflected the strength of its 5G network and the expanding reach of its broadband and digital services.

“We warmly welcome our new shareholders to the Jio Platforms family as we enter a new era as a listed company. This quarter’s results continue to reflect the strength of our 5G network, and the growing reach of our broadband and digital services,” Ambani said.

He also outlined the company's technology priorities, emphasising investments in next-generation capabilities as Jio looks to sustain growth beyond its first decade of operations.

“Ahead of the curve investment on next generation technologies has been the foundation of Jio’s success over the past decade. We would continue to build our capabilities across satellite communications, 6G intellectual property and AI embedded in our core voice and data services as we create lasting value for all our stakeholders,” he said.

Ahead of the earnings announcement, Jio Platforms shares closed 0.57% higher at ₹1,431.20 on the BSE, with a market capitalisation of ₹13.18 lakh crore.