What happened
Jio Platforms reported a consolidated net profit of ₹8,389 crore for the September quarter (Q2) of FY27, about 14% higher than a year earlier, according to reports in Times of India and Economic Times. These are the company’s first results since its stock market debut on 28 October.
Revenue from operations rose 11.4% to ₹40,475 crore from ₹36,332 crore. Profit was ₹7,379 crore in the same quarter last year.
Compared with the June quarter, net profit rose 8% from ₹7,765 crore and revenue grew 3%, Times of India reported.
Customers and usage
- Customers: 542.4 million, up from 506.4 million a year earlier (7.1% growth). Net additions were 9.1 million, against 8.3 million in Q2 FY26.
- Churn: monthly churn, the share of customers who leave each month, was 1.6%, unchanged from the previous quarter and down from 1.9% a year earlier.
- ARPU: average revenue per user was ₹218.8, up 3.5% from ₹211.4 a year ago and above ₹215.6 in Q1 FY27.
- Data: traffic rose 22.1% to 71.3 billion GB. Monthly use per customer was 44.2 GB, against 38.7 GB a year earlier.
- Voice: traffic was 1.52 trillion minutes, up 1.3% year-on-year.
EBITDA (earnings before interest, taxes, depreciation and amortisation, a measure of operating profit) grew 17% year-on-year, helped by revenue growth, operating leverage and a 250 basis point margin expansion, Times of India reported. NDTV Profit put the operating margin at 51.6%.
Times of India said promotional schemes for fixed broadband customers offset the benefit of a better subscriber mix and higher usage on ARPU.
What it means for you
If you hold Jio Platforms shares or follow the telecom sector, these numbers show how the business performed in its first quarter as a listed company. They are not a forecast, and this article does not suggest any action on the stock. For a mobile user, the figures show usage rising: the average customer consumed about 44 GB a month.
Background
Jio Platforms listed on 28 October at ₹1,358, a 21% premium to the issue price of ₹1,119, Times of India reported. It was the Reliance group’s first stock exchange debut in two decades. Before the results, the shares traded at ₹1,437.50 on the NSE and ₹1,431.20 on the BSE. Jio competes with Bharti Airtel, and both are expanding 5G networks and trying to earn more from their subscribers.
