Reliance Jio Q1 Results: IPO-bound telco’s net profit rises 9% YoY to Rs 7,764 crore; ARPU climbs to Rs 215.6

Jio Platforms, which houses Reliance Industries' (RIL) telecom and digital services business, on Friday reported a 9% year-on-year jump in net profit to Rs 7,764 crore for the April-June quarter of the ongoing FY27, from Rs 7,110 crore reported in the same period last year.

Jio’s revenue from operations rose nearly 12% YoY to Rs 39,173 crore in Q1 FY27, from Rs 35,032 crore in Q1 FY26. Average Revenue Per User (ARPU), meanwhile, stood at Rs 215.6 during the quarter under review, up from Rs 208.8 reported in the same period in the last fiscal year, and Rs 214 reported in Q4 FY26.

The company’s EBITDA increased over 15% YoY to Rs 20,865 crore, while the EBITDA margin improved 150 bps to 53.3% in the first quarter of the financial year 2027. Gross revenue increased 12% YoY to Rs 45,961 crore.


Jio said the nearly 12% revenue growth was driven by continued gains in subscriber market share, organic ARPU growth and scale-up of digital services, while the rise in EBITDA was led by strong double-digit revenue growth and margin expansion. EBITDA growth was, however, offset by higher finance costs and depreciation charges due to 5G asset capitalisation, it added.

ARPU rose to Rs 215.6, driven by an improved subscriber mix and favourable seasonality, though it was partly offset by promotional offers for fixed broadband customers, Jio said. Per capita data consumption stood at 43.7 GB per month, while total data traffic grew 26.9% YoY to 69.4 billion GB in Q1 FY27. Monthly churn improved further to 1.6%, with the company adding 8.9 million net subscribers during the quarter.

Also read: RIL Q1 Results: Revenue up 25% YoY; profit falls 22% YoY to Rs 20,946 cr due to one-time exceptional item

Jio’s subscriber base expands

Jio added 8.5 million new fixed broadband subscribers during the last 12 months, taking the total to 28.6 million as of June 2026. This gives the telco a market share of 43%. Jio AirFiber, with a total base of over 14 million subscribers, has driven more than 75% of the fixed broadband additions during the last 12 months, according to the company’s press release.

Jio’s 5G subscriber base, meanwhile, increased by 73 million over the last 12 months to rise to 285 million as of June, 2026. “Jio Platforms surged into the global top 20 in the latest Patent Co-operation Treaty (PCT) rankings released by the World Intellectual Property Organisation (WIPO). Jio climbed 320 places on the list for year 2025, making it one of the fastest-rising innovators globally and placing it among an elite group of global technology leaders. Jio’s patent portfolio is strongly focused on next-generation digital technologies, including 5G, 5G Advanced, 6G, artificial intelligence, AI-native networks, cloud-native platforms, intelligent automation, radio access, core network software, edge intelligence, fixed wireless access, network slicing and digital services infrastructure,” the company said.

Also read: Reliance Retail Q1 results: Quick-commerce spends drag PAT 14% YoY to Rs 2,806 crore; revenue rises 7%

What Akash Ambani said about Jio Q1 results

Speaking about the company’s performance during the quarter, Jio Platforms Managing Director Akash Ambani said, “Jio has established itself as a deep tech company and demonstrated the velocity of innovation across multiple advanced technologies. This is underlined by our strong patent portfolio, which has been recognised globally. We intend 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.”

“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,” Akash Ambani further said.

All eyes now on Jio IPO

Jio’s Q1 earnings print comes after the telecom major in June filed its draft red herring prospectus (DRHP) with market regulator SEBI for what will be one of India's largest IPOs in history, with Reliance Industries Chairman Mukesh Ambani expecting the much-awaited listing to be the most important “value creation milestone” of this year.

Jio’s IPO will entirely comprise a fresh issue of up to 27 crore shares with no offer for sale (OFS) component. While the total size of the Jio Platforms IPO is unknown, analysts expect the maiden public issue of the telecom major to be one of India’s largest ever. At an expected issue size of $3 billion, Jio's IPO would likely eclipse Hyundai Motor India's share sale to become the largest listing in Indian history. However, it will see tough competition from NSE’s IPO, which is expected to have an issue size of nearly Rs 30,000 crore.

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