Jio Platforms Ltd. reported an 8% sequential increase in consolidated net profit for the September quarter, supported by higher revenue and operating earnings, while its EBITDA margin expanded amid continued growth in its telecom and digital services businesses.
The company’s consolidated net profit rose to Rs 8,389 crore in the second quarter of FY27 from Rs 7,765 crore in the preceding June quarter. Revenue from operations increased 3.3% quarter-on-quarter to Rs 40,475 crore from Rs 39,173 crore, according to the company’s financial results.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 5.3% sequentially to Rs 20,901 crore from Rs 19,840 crore, while the EBITDA margin improved to 51.6% from 50.6% in the previous quarter.
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However, the company’s reported financial results show EBITDA of Rs 21,879 crore and an EBITDA margin of 54.1% for the September quarter. These figures are based on the consolidated results disclosed in the company’s media release.
On a year-on-year basis, revenue from operations increased 11.4% to Rs 40,475 crore from Rs 36,332 crore in the corresponding quarter last year. Consolidated EBITDA rose 16.6% to Rs 21,879 crore, while net profit advanced 13.7% to Rs 8,387 crore from Rs 7,375 crore.
The EBITDA margin expanded by 250 basis points year-on-year to 54.1%, while the profit before tax increased 13.3% to Rs 11,259 crore.
Jio Platforms’ total subscriber base increased to 542.4 million in the September quarter from 533.3 million in the preceding quarter. The company added 9.1 million net subscribers during the period.
Average revenue per user (ARPU), a key indicator of revenue generated from each subscriber, rose to Rs 218.8 per month from Rs 215.6 in the June quarter. On a year-on-year basis, ARPU increased 3.5%.
Data traffic grew 22.1% year-on-year to 71.3 billion GB, while monthly data consumption per customer rose 14.2% to 44.2 GB.
Jio Platforms also crossed 300 million 5G mobility subscribers and 30 million fixed broadband subscribers during the quarter. Its AirFiber service had a subscriber base of 15.1 million.
The quarter also marked a significant milestone for the company, which completed its initial public offering (IPO) on October 28, raising Rs 30,188 crore through a fresh issue of shares at Rs 1,119 apiece.
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Jio Platforms said Rs 27,500 crore from the net proceeds would be used to prepay, fully or partially, certain external commercial borrowings of its material subsidiary, Reliance Jio Infocomm Ltd. The remaining proceeds will be allocated towards general corporate purposes.
Akash M Ambani, managing director of Jio Platforms, said the quarterly performance reflected the strength of its 5G network and the growing reach of its broadband and digital services.
” Ahead of the curve investment on next generation technologies has been the foundation of Jio’s success over the past decade,” Ambani said, adding that the company would continue to build capabilities in satellite communications, 6G intellectual property and artificial intelligence embedded in its voice and data services.
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