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Jio Platforms reported a 13.7% YoY increase in consolidated net profit to ₹8,387 Cr in Q2 FY27, while operating revenue rose 11.4% to ₹40,475 Cr Other income jumped 49.5% YoY to ₹978 Cr, supporting profit growth even as total expenses increased slightly faster than operating revenue Network operating expenses, its largest expense head, increased 3.3% to ₹8,813 Cr from ₹8,528 Cr Recently listed Jio Platforms reported a net profit of ₹8,387 Cr in Q2 FY27, a 13.7% increase from ₹7,379 Cr in the year-ago quarter. Sequentially, net profit grew 8.0% from ₹7,764 Cr in Q1 FY27. Operating revenue grew 11.4% YoY and 3.3% QoQ to ₹40,475 Cr in the quarter under review. Jio Platforms’ other income jumped 49.5% YoY to ₹978 Cr. Including this, total income increased to ₹41,453 Cr, up 12% from ₹36,986 Cr in Q2 FY26. Total expenses increased 11.6% YoY to ₹30,194 Cr. Network operating expenses, its largest expense head, increased 3.3% to ₹8,813 Cr. The company incurred ₹2,872 Cr in tax expenses in Q2, comprising ₹30 Cr in current tax and ₹2,842 Cr in deferred tax. With no exceptional items, its total comprehensive income for the quarter amounted to ₹8,509 Cr. Its Q2 EBITDA grew 16.6% YoY to ₹21,879 Cr, a 4.9% sequential increase. With capex excluded, its EBITDA was ₹15,449 Cr. The company said its EBITDA growth was offset by higher finance costs due to 5G asset capitalisation in March 2026. “This quarter’s results continue to reflect the strength of our 5G network, and the growing reach of our broadband and digital services,” said Jio’s MD Akash Ambani. Jio added 9.1 Mn customers on net to bring its customer base of 542.4 Mn by the end of the quarter. With 300 Mn 5G subscribers, the company claims to be the world’s largest 5G operator outside China. Its average revenue per user (ARPU) amounted to ₹218.8 per month, up 3.5% YoY,. as promotional schemes for fixed broadband customers were countered by better subscriber mix and increased usage. Each customer consumed around 44.2 GB of mobile data per month on average. Meanwhile, its telecom subsidiary, Reliance Jio Infocomm (RJIL), reported operating revenue of ₹35,307 Cr in the quarter, growing 10.8% YoY driven by sustained subscriber momentum and ARPU increase. Margin expansion enabled it to increase EBITDA by 14.7% YoY to ₹20,505 Cr. Jio listed on the bourses after closing its ₹30,213 Cr IPO last week. The IPO, which comprised only a fresh issue of up to 27 Cr equity shares, was oversubscribed 22.19X. Shares of Jio ended today’s trading session 0.57% higher at ₹1,431.20 apiece on the BSE.
document fetched 2026-10-31 02:56 · canonical https://inc42.com/buzz/jio-platforms-q2-profit-rises-14-yoy-to-%e2%82%b98387-cr-revenue-up-11