Jio Platforms Q2: Profit Jumps 13% YoY To INR 7,379 Cr

SUMMARY

On a sequential basis, profit increased 4% from INR 7,110 Cr

Operating revenue increased 15% YoY to INR 36,332 Cr from INR 31,709 Cr reported in Q2 FY25

EBITDA zoomed 18% YoY to INR 18,757 Cr, while EBITDA margin expanded 140 basis points (bps) to 51.6%

Reliance Industries Ltd’s (RIL’s) digital arm Jio Platforms posted a 13% YoY increase in its consolidated net profit to INR 7,379 Cr in Q2 FY26. On a sequential basis, PAT increased 4% from INR 7,110 Cr reported in the previous quarter.

The company, which houses telecom player Reliance Jio Infocomm, saw its operating revenue increase 15% YoY to INR 36,332 Cr from INR 31,709 Cr in Q2 FY25. On a QoQ basis, the company’s top line grew 4% from INR 35,032 Cr.

EBITDA zoomed 18% YoY to INR 18,757 Cr while EBITDA margin increased 140 bps to 51.6%.

Jio Platforms’ ARPU grew over 8% YoY to INR 211.4. On a sequential basis, ARPU grew marginally from INR 208.8. The company attributed the increase in ARPU to a rise in engagement with customers due to promotional 5G offers launched in the quarter.

On the occasion of its ninth anniversary this quarter, Jio rolled out new initiatives for both mobile and home subscribers including unlimited data for a short window, free one-month service on timely recharges, 2% extra digital gold in partnership with Jio Finance, and vouchers worth up to INR 3,000.

Meanwhile, the company’s customer base stood at 50.6 Cr at the end of the September quarter, an increase of 6% from 47.9 Cr a year ago. The number stood at 49.8 Cr at the end of Q1 FY26.

Jio’s per capita data consumption was at 38.7 GB per month, and total data traffic grew 30% YoY to 58.4 Bn GB. The company said that monthly churn was stable at 1.9% with net subscriber addition of 8.3 Mn during the quarter in review.

For its broadband network, Jio added 1 Mn new home connections to take the total count to 23 Mn. Meanwhile, JioAirFiber extended its global leadership with a subscriber base of 9.5 Mn.

Here are some of the key updates on the tech front for Jio:

JioAICloud, which was Jio’s maiden AI offering, has reached 42 Mn registered users. To enhance JioAICloud’s functionalities, the company introduced AI Events to create albums powered by face tagging for easy photo sharing and voice search in Hindi and English.

Jio also enhanced the feature list of JioPC with the introduction of an AI assistant which helps users generate content in real-time and automate desktop customisations. It also integrated JioWorkspace with JioPC for Office 360 equivalent productivity tools.

During the quarter under review, RIL chairman Mukesh Ambani announced that Jio is preparing for a public listing in the first half of 2026. At RIL’s 48th annual general meeting in August, Ambani said that Jio will also expand its operations outside India, “taking our (Reliance’s) home-grown technology to people around the world”.

Besides this, RIL also doubled down on its AI offerings. It incorporated a wholly owned AI subsidiary, Reliance Intelligence, and announced a new joint venture with Meta and a partnership with Google.

Overall, RIL’s net profit increased 16% YoY to INR 22,146 Cr in Q2. Shares of the company ended today’s trading session 1.35% higher at INR 1,416.95 on the BSE.