Jio Reports Q2 Earnings: Profit Increases 14% to Rs 8,389 Crore, Revenue Grows 11.4%
Jio Platforms Limited reported a consolidated net profit of Rs 8,389 crore for the September quarter of FY27, reflecting a 13.7% increase year-on-year. Revenue from operations rose 11.4% to Rs 40,475 crore. The results, announced on Friday, are the company’s first earnings report since its stock market debut on October 28.
The net profit for Q2 FY27 increased from Rs 7,379 crore in the same quarter last year. Revenue also showed growth, climbing from Rs 36,332 crore over the same period. On a sequential basis, net profit rose 8% from Rs 7,765 crore in the June quarter, while revenue increased by 3%.
Customer Base Crosses 542 Million
Jio Platforms’ customer base grew to 542.4 million in the September quarter, up from 506.4 million a year ago, marking a 7.1% increase. The company added 9.1 million net customers during the quarter, surpassing the 8.3 million added in Q2 FY26 and the 8.9 million in the preceding June quarter. Monthly churn remained stable at 1.6%, down from 1.9% in the same period last year.
Jio ARPU Rises to Rs 218.8
The average revenue per user (ARPU) for Jio Platforms increased to Rs 218.8 in Q2 FY27, up 3.5% from Rs 211.4 in the previous year. This figure also surpassed the Rs 215.6 recorded in Q1 FY27. Total data traffic surged 22.1% year-on-year to 71.3 billion GB, compared to 58.4 billion GB in Q2 FY26. Monthly data consumption per customer rose to 44.2 GB, an increase of 14.2% from 38.7 GB a year earlier.
Jio Platforms Stock Price
Ahead of the quarterly earnings announcement, Jio Platforms shares traded at Rs 1,437.50 on the NSE, up 1.12%. On the Bombay Stock Exchange, the stock stood at Rs 1,431.20, reflecting a 0.57% increase. The company’s shares debuted at Rs 1,358, a premium of 21% over the issue price of Rs 1,119. This listing marked the first stock exchange debut by the Reliance conglomerate in two decades.
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