Strong FCF generation (EBITDA less Cash Capex) of Rs 32,130 crore in 1H FY27, up 98% YoY
FinTech BizNews Service
Mumbai, 30 October, 2026: Jio Platforms today announced its Q2 FY27 results.
Quarterly Revenue at Rs 47,485 crore, up 11.3% Y-o-Y
Quarterly EBITDA at Rs 21,879 crore, up 16.6% Y-o-Y
JPL delivered double-digit Revenue growth across Connectivity (11%) and Digital Services (16%)
JPL EBITDA growth of 17% YoY was led by revenue growth and operating leverage (margin improvement of 250bps YoY)
Strong FCF generation (EBITDA less Cash Capex) of Rs 32,130 crore in 1H FY27, up 98% YoY
During the quarter, JPL crossed twin milestones of 300 million 5G mobility and 30 million Fixed Broadband subscriber base
Total subscriber base of over 542 million with trailing twelve months net adds of 36 million
Jio Platforms successfully completed its Initial Public Offering of Rs 30,188 crore on 28th October 2026, largest in India till date
Quarterly Performance (2Q FY27 vs 2Q FY26)
• Operating revenue increased 11.4% Y-o-Y driven by subscriber addition, higher ARPU and healthy growth in digital services.
• EBITDA increased by 16.6% Y-o-Y driven by revenue growth, operating leverage and margin expansion of 250 bps.
• PAT increased 13.7% YoY with EBITDA growth offset by higher finance costs due to 5G asset capitalization in March 2026.
• ARPU increased further to Rs 218.8 with promotional schemes for fixed broadband customers offsetting better subscriber mix and increased usage.
• Per capita data consumption was 44.2 GB/ month with total data traffic growth of 22.1% Y-o-Y during 2Q FY27.
• Monthly churn was stable at 1.6% with net subscriber addition of 9.1 million during the quarter.
STRATEGIC PROGRESS
• The equity shares of the Company have been listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) with effect from 28th October, 2026 upon completion of the Initial Public Offer by way of fresh issue of 27,00,00,000 equity shares of face value of Rs 10 each at an issue price of Rs 1,119 per equity share (including a securities premium of Rs 1,109 per equity share) (“Issue”). The Gross Proceeds from the Issue, after accounting for employee discount of Rs54 per equity share, aggregated Rs30,188 crore.
• An aggregate amount of Rs27,500 crore from the Net Proceeds has been utilized towards prepayment, in full or in part, of the principal amount outstanding of certain External Commercial Borrowings availed by Reliance Jio Infocomm Limited, material subsidiary of the Company and the balance amount will be utilised towards general corporate purposes, in line with the Objects of the Issue as set out in the Prospectus.
• Jio extended its leadership in 5G subscriber base with 300 million users as of September 2026, up 66 million over the last 12 months. Customer engagement also remained robust with 5G now accounting for 56% of total wireless traffic.
• Total Fixed Broadband subscribers as of September 2026 stood at 30.0 million with 7.3 million additions over the last 12 months. Jio AirFiber with total base of 15.1 million subscribers, has driven more than 75% of Jio’s fixed broadband additions during the last 12 months.
• During the India Mobile Congress 2026, Jio Platforms showcased Jio Call Agent which using AI can transcribe and summarise calls for every participant and can act as a concierge. This can be invoked during an ongoing call without downloading an application or adding an additional number. Jio also unveiled JioFrames, AI-native smart camera frames featuring a discreet built-in camera, voice assistance (‘Hello Jio’), hands-free calling, live translation across 12 languages, and UPI payments.
• JioGames has continued to enhance its catalogue with new additions like Final Fantasy VII, Cricket26, War Thunder, and Mafia II during the quarter. All these premium titles and more are available on JioGames Pro Pass with subscription plans starting at Rs48.
• As part of its 10th anniversary celebrations, Jio introduced the JioShield application, a family safety solution designed to help Jio users keep their loved ones safe, both out of home and online. It helps parents stay connected with their children/ elderly parents. Key features of JioShield are location, Safety and SOS alerts, screen time and application control, and low battery alerts.
Mr. Akash M Ambani, Managing Director of Jio Platforms Limited, said, “We warmly welcome our new shareholders to the Jio Platforms family as we enter a new era as a listed company. This quarter’s results continue to reflect the strength of our 5G network, and the growing reach of our 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. We would continue to build our capabilities across satellite communications, 6G intellectual property and AI embedded in our core voice and data services as we create lasting value for all our stakeholders.”
