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. Profit after tax (PAT) at Reliance Industries’ digital and telecom arm up 9.2% ₹7,764 crore during this period ₹7,110 crore compared to the previous year.

This was largely driven by continued gains in subscriber market share, growth in average revenue per user (ARPU) and sales of digital services. It also stated that profit fell by 2.15% sequentially in the quarter due to increased financing costs and depreciation expenses as 5G network assets became operational.

Jio Platforms MD Akash Ambani said in a statement from the company that the player has “established itself as a deep technology company” and plans to “use these technologies to deliver an ever-expanding suite of services to every citizen of India and drive industry-leading growth in the coming years.”

“As we move into the next phase of our journey to become a public company in India, we will continue to maintain our deep technology focus and democratize digital connectivity and access to digital services in India and globally,” he added. Here are the key takeaways from Jio Platforms’ earnings report:

Jio Platforms 1Q27 results: Key takeaways

15% annual earnings growth: Speaking at RIL’s earnings call today, Mukesh Ambani, CMD of the conglomerate, said that the digital services business continued its growth momentum during the quarter. The company’s report for the first quarter of 2027 showed earnings growth of 15% year-on-year (y-o-y).

“Digital Services business Jio’s performance in mobility, home broadband and enterprise services remained strong, delivering healthy earnings growth of 15% year-on-year,” he said. EBITDA margin increased by 150 basis points annually to 53.3%.

Public list of Jio Platforms: Also touching on the company’s plans to go public on the stock exchanges, Ambani said Jio submitted its draft red herring prospectus (DHRP) to the market regulator (Securities and Exchange Board of India) during the quarter, calling it an “important step”.

“The upcoming IPO will be a significant milestone in Jio’s journey and will give investors the opportunity to participate in India’s digital growth story,” he added. The issue is expected to be brought to the agenda ₹32,000-35,000 crore, according to bankers and analysts.

Revenue increased over 11%: In the company statement, Jio Platforms’ revenue from operations ₹39,173 crore in June 2026 quarter, up 11.8% ₹35,032 crore in the June 2025 quarter.

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

ARPU increased by 3.3%: The statement also stated that Jio Platform’s ARPU increased by 3.3%. ₹215.6 from ARPU ₹A year ago 208.8. It was also stated that this was due to better subscriber mix and positive seasonality, and was partly due to promotional programs for fixed broadband customers.

Data traffic increased: According to the company, per capita data consumption amounted to 43.7 GB per month, with a 26.9% year-on-year increase in total data traffic in the first quarter of this fiscal year. The digital services business grew 11% year-on-year, driven by content, cloud computing, Internet of Things (IoT) and managed services, and connectivity business.

Growing customer base: There was also an increase in customer base for Jio Platforms from 49.8 crore in the June 2026 quarter to 53.3 crore, up 7.1% year-on-year. Jio said it maintained its leadership in the segment by adding more than 73 million 5G subscribers in the last 12 months.

Reliance Jio net added 8.9 million subscribers in the June quarter, taking its subscriber base to 533.3 million. The company added 9.1 million subscribers in the previous quarter. As of the end of June, the total number of 5G subscribers reached 285 million.

Focus on innovation: Jio emphasized in its statement that it focuses on innovation. It rose 320 places in the World Intellectual Property Organization’s (WIPO) 2025 Patent Cooperation Treaty (PCT) ranking. He added that his patents are directed to next-generation technologies such as 5G, 5G Advanced, 6G, artificial intelligence (AI), AI local networks, cloud native platforms, core networking software, edge intelligence, fixed wireless access, digital service infrastructure, intelligent automation, network slicing and radio access.

(With input from institutions)