Jio Platforms results: September 2026 profit rises 13.7% on subscriber gains and 5G growth

Jio Platforms reported higher earnings for the September 2026 quarter, supported by user growth and stronger digital demand. Consolidated net profit rose 13.7 per cent to Rs 8,389 crore. Revenue from operations increased 11.4 per cent to Rs 40,475 crore, as per a regulatory filing. The company linked the rise to subscriber additions, better user spending, and steady digital services growth.

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The update was the company’s first quarterly scorecard since its stock market debut earlier in the week. Jio Platforms shares closed nearly 27 per cent above the Rs 1,119 issue price. The move made the firm the second-most valuable domestic company by market value within a decade. Managing Director Akash Ambani also spoke to investors on a quarterly call for the first time.

Jio Platforms September 2026 quarter results show profit and revenue growth

Net profit attributable to owners stood at Rs 8,389 crore, compared with Rs 7,379 crore a year earlier. Compared with the June quarter, profit rose 8 per cent from Rs 7,765 crore. Revenue from operations increased 3.3 per cent from Rs 39,173 crore in the prior quarter. The company said subscriber gains and higher ARPU supported the quarter’s rise.

Jio Platforms said revenue from connectivity rose 11 per cent in the quarter. Digital services revenue increased 16 per cent over the same period. Total data traffic grew 22.1 per cent year-on-year to 71.3 billion GB. Average monthly data usage per user increased 14.2 per cent to 44.2 GB, showing higher network demand.

Monthly ARPU rose to Rs 218.8 from Rs 211.4 in the year-ago quarter. ARPU also increased from Rs 215.6 in the June quarter. The subscriber base expanded 7.1 per cent to 54.24 crore from 50.64 crore a year earlier. Net additions during the quarter totalled 91 lakh users.

Jio Platforms 5G subscribers and fixed broadband additions expand

Jio crossed 30 crore 5G subscribers during the quarter, after adding 6.6 crore 5G users in 12 months. "Customer engagement also remained robust with 5G now accounting for nearly 56 per cent of total wireless traffic, the JPL earnings release said.\" The company linked this shift to rising usage and wider 5G reach.

The fixed broadband base reached 3 crore subscribers during the period. Jio AirFiber had a total base of 15.1 million subscribers. \"Jio AirFiber with total base of 15.1 million subscribers, has driven more than 75 per cent of Jios fixed broadband additions during the last 12 months, the release said.\" The company indicated home connectivity remained a key growth area.

Jio Platforms IPO proceeds and net debt fall after borrowings prepayment

The company’s IPO raised Rs 30,188 crore. Jio Platforms said Rs 27,500 crore has been used to prepay certain external commercial borrowings of Reliance Jio Infocomm. Net debt fell 78.6 per cent to Rs 8,822 crore in the quarter, from Rs 41,161 crore a year earlier. The company highlighted balance sheet improvement during the period.

On the earnings call, Ambani said, \"We believe that the value we can create over the next decade or so is even greater than what we have created in our first decade,\" and added that the company continued to aim higher. Ambani also said, \"Never let todays achievement limit tomorrows ambition, and that is what we want to carry forward with Jio.\"

Jio Platforms growth strategy targets enterprise and international models

Ambani said the quarter’s outcome reflected network strength and wider service reach. \"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, he said\" Ambani also spoke about plans tied to mobility, home, enterprise, and selective overseas expansion.

Ambani said, \"Multiple growth engines across mobility, home, enterprise and international that we see. And again, we are the ones that are proving this at scale. We are the ones that have a clear path of growth and profitability improving with a very, very strong balance sheet, even before the IPO proceeds come to us, Ambani said.\" The company linked this approach to its technology stack and existing infrastructure.

Ambani described small and medium businesses as a key domestic focus area. \"The small and medium businesses that are existing in our country are a unique opportunity. We will be very, very selective about the international markets that we will go to. We will not be selling our proprietary stacks as a hardware commission or our software as a service. What we imagine the business model here to be is to be an actually managed service partner with our customers, he said.\"

Jio Platforms CEO Pankaj Panwar said the company’s approach did not rely on packaging services together. Panwar said the company was creating new markets and value from customers. Panwar also said this was increasing wallet share for the company. Jio Platforms maintained that subscriber growth, rising usage, and digital services momentum supported its September 2026 quarter performance.

With inputs from PTI