Jio Platforms Q1: Profit Surges 25% YoY To INR 7,110 Cr

Reliance Industries Ltd’s (RIL’s) technology arm Jio Platforms’ consolidated net profit jumped 25% to INR 7,110 Cr in Q1 FY26 from INR 5,698 Cr in the year-ago quarter. On a QoQ basis, profit rose 1% from INR 7,022 Cr.

The company, which houses telecom player Reliance Jio, saw its operating revenue increase 19% to INR 35,032 Cr during the quarter from INR 29,449 Cr in Q1 FY25. Sequentially, the top line saw a 3% growth from INR 33,986 Cr.

In a statement, RIL said that Jio Platforms’ operating revenue zoomed due to strong subscriber growth momentum across mobility and homes, increased customer engagement and growth in digital services business.

While its EBITDA grew 24% YoY to INR 18,135 Cr, EBITDA margin improved 210 basis points to 51.8%. The company’s EBITDA growth was driven by higher revenues and strong margin improvement.

Jio added 99 Lakh new subscribers during the quarter, taking its total subscriber base to 49.8 Cr. Meanwhile, its average revenue per user (ARPU) per month grew 14.9% YoY to INR 208.8 at the end of the quarter. It stood at INR 206.2 in Q4 FY25.

The company claimed that its monthly churn in user base was at 1.8%. Meanwhile, Jio saw a data traffic of 54.7 Bn GB, up 24% YoY, while its voice traffic grew 4.9% YoY to 1.49 Tn minutes. Sequentially, voice traffic remained flat.

In the quarter, JioAirFiber became the largest FWA (fixed wireless access) service globally with a subscriber base of 7.4 Mn. The company said that the achievement came at the behest of Jio’s proprietary point to multi-point (P2MP) UBR technology.

This technology is giving fiber comparable experience at much lesser cost and has helped accelerate the pace of monthly home connections to 1 Mn during Q1 FY26, it added.

On the 5G front, Jio’s 5G user base crossed the 20 Cr milestone during the quarter, zooming to 21.3 Cr as of June 2025. The company said that the adoption of JioTrue5G was driven by Jio’s own, end-to-end 5G stack with cloud native core network, which it said is ready to be taken to the global market.

“We have delivered a milestone quarter at Jio with our 5G and home subscriber base crossing the 200 Mn and 20 Mn marks respectively. Jio continues to bring next generation services for its users with the launch of the JioGames Cloud and JioPC bundle at affordable prices to drive adoption of digital services in India,” Reliance Jio’s chairman Akash Ambani said.

Overall, RIL’s operating revenue rose 5% YoY to INR 2.48 Lakh Cr. Net profit soared 76% YoY to INR 30,681 Cr during the quarter under review on the back of a one-time gain of over INR 8,900 Cr due to stake sale in Asian Paints.

Shares of RIL ended today’s trading session 0.02% lower at INR 1,476.85 on the BSE.