Jio Platforms Q4 profit rises 13% as subscriber additions, data usage drive growth
Mumbai: IPO-bound Jio Platforms on Friday reported steady growth in the January-March quarter (Q4FY26), driven by subscriber gains, higher data consumption and continued traction in the home broadband segment.
According to the report by Jio Platforms, which houses Reliance Industries Ltd’s telecom and digital services business. 4% 13% sequential and annual growth in net profit ₹7,935 crore during the quarter.
Revenue from operations increased by 2.7%% 12.6% quarter-over-quarter and year-on-year ₹38,259 crore, in line with Street predictions. Jio said the revenue growth was driven by strong subscriber additions, year-on-year growth in average revenue per user (Arpu) and continued growth in digital services.
In the December quarter, the company’s revenue from operations increased 2.5% sequentially and 12.7% annually. ₹37,262 crore. He had made a net profit ₹7,629 crore in this quarter, with a growth of 3.4% sequentially and 11.2% y-o-y.
“I am happy to state that we are making steady progress towards the listing of Jio Platforms. This will be a decisive milestone in its journey as it continues to scale new heights and contribute to India’s digital future,” Mukesh D. Ambani, chairman and managing director of Reliance Industries, said in a statement.
“As we seek to democratize access to AI tools and next-generation technology platforms, Jio is well positioned to shape how India communicates, computes and consumes content in the years to come,” he said.
For FY26 the company reported 14.7% increase in revenue from operations ₹1.72 trillion. Its net profit for the whole year was 24 million TL. ₹30,053 crore, 15% growth.
IPO lens
Jio’s consistent performance is important as it plans to list on stock exchanges by mid-2026. A. Higher Arpu and increased profitability will make it more attractive to investors and support a higher valuation for the initial public offering (IPO).
At the same time, analysts are again predicting tariff increases of around 15-20% in the industry after Jio’s listing.
The company had previously ruled out any increase in tariffs and said growth would be supported by organic growth from increased 5G usage in Arpu.
watch harp
Arpu, an important industry metric that tracks the average revenue earned per user, appears to have shown a moderate increase as operators turned to premiumization instead of price increases.
The company’s main telecom vertical, which comes under Reliance Jio Infocomm, saw its Arpu continue to rise during the quarter, driven by increased data consumption and positive subscriber mix as more users migrated from 2G to 2G. Upgraded to 4G/5G and higher data tiers.
Monthly Arpu rose marginally 3.8% respectively and annually ₹214 per month ₹213.7 at the end of December. Promotional 5G offers and their absence Tariff increases continue to constrain growth at the company’s Arpu.
In comparison, Bharti Airtel’s Arpu stood at: ₹At 259 at the end of December, it was about 21% higher than Jio’s, while Vodafone Idea’s Arpu was 259. ₹172. Both operators are yet to announce their earnings for the December quarter.
Reliance Jio net added 9.1 million subscribers in the December quarter, taking its subscriber base to 524.4 million. The company added 8.9 million subscribers in the previous quarter.
