Jio Platforms profit rises 9.2% to ₹7,764 crore in Q1FY27, earnings grow 15% YoY — Check key takeaways here

Jio Platforms announced its Q1FY27 results today. The Reliance Industries' digital and telecom arm saw profit after tax (PAT) rise 9.2% to ₹7,764 crore in the period, up from ₹7,110 crore compared to the previous year.

This was largely driven by sustained gains in subscriber market share, increase in average revenue per user (ARPU) and sale of digital services. It also noted that profit fell 2.15% sequentially due to higher finance costs and depreciation expenses during the quarter as 5G network assets became operational.

Jio Platforms MD Akash Ambani in a statement from the company noted that the player has “established itself as a deep tech company” and intends “to use these technologies to offer an ever-expanding bouquet of services to every citizen of India and drive industry leading growth for many years to come”.

Jio Platforms' profit rise was driven by sustained gains in subscriber market share, an increase in average revenue per user (ARPU), and growth in digital services.

The profit fell 2.15% sequentially due to higher finance costs and depreciation expenses linked to the operationalizing of 5G network assets.

Jio Platforms' ARPU increased by 3.3% to ₹215.6 in Q1FY27, up from ₹208.8 the previous year.

Yes, the upcoming IPO is seen as a significant milestone, providing investors an opportunity to engage in India's digital growth story, with expected proceeds of ₹32,000-35,000 crore.

Jio Platforms reported a revenue increase of 11.8% year-on-year, growing to ₹39,173 crore in Q1FY27.

“As we embark on our next phase of journey to be a publicly listed company in India, we will continue to maintain our deep tech focus and democratise access to digital connectivity and digital services in India and globally,” he added. Here are the key takeaways from Jio Platforms' earnings report:

Earnings growth of 15% YoY: Speaking at the RIL earnings release today, the conglomerate's CMD Mukesh Ambani said that their digital services business continued its growth momentum during the quarter. The company's Q1FY27 report showed earnings growth of 15% year-on-year (YoY),

“The Digital Services business Jio's performance across mobility, home broadband and enterprise services remained strong, driving healthy earnings growth of 15% YoY,” he stated. Ebitda margin expanded 150 basis points on year to 53.3%.

Jio Platforms public listing: Also addressing the company's plans to publicly list on the stock exchanges, Ambani said that Jio has during the quarter filed its draft red herring prospectus (DHRP) with the market regulator (Securities and Exchange Board of India), calling it a “significant step”.

“The upcoming IPO will be an important milestone in Jio's journey and will give investors an opportunity to participate in India's digital growth story,” he added. The issue is expected to raise ₹32,000-35,000 crore, according to bankers and analysts.

Revenue jumps over 11%: The company release noted that Jio Platforms saw its revenue from operations jump to ₹39,173 crore, up 11.8% during the June 2026 quarter from ₹35,032 crore in the June 2025 quarter.

“JPL revenue increased by 12% YoY driven by continued subscriber market share gains, ARPU increase and strong growth in digital services,” it said.