Jio Platforms' First Results as a Listed Company: Q2 Profit Rises 13.7% to ₹8,389 Crore

Jio Platforms reported a net profit of ₹8,389 crore for the September 2026 quarter, up 13.7% from ₹7,379 crore a year earlier, in its first results since listing on the stock exchanges on 28 October, Upstox and TradingView reported on 30 October 2026.

Revenue from operations rose 11.4% to ₹40,475 crore from ₹36,332 crore, and average revenue per user (ARPU), the monthly amount each subscriber pays on average, rose to ₹218.8 from ₹211.4.

The quarter in numbers

• Net profit: ₹8,389 crore, up 13.7% year on year and up from ₹7,764 crore in the June quarter.
• Revenue from operations: ₹40,475 crore, up 11.4%.
• ARPU: ₹218.8, up from ₹211.4, helped by a better subscriber mix and higher usage, partly offset by promotional offers on fixed broadband.
• Subscribers: 9.1 million net additions in the quarter, with monthly churn steady at 1.6%. Upstox put the total base at over 542 million, including 300 million 5G users.
• Data: 44.2 GB per user a month, with total data traffic up 22.1%.

Fixed broadband reached 30 million homes, with Jio AirFiber at 15.1 million, Upstox reported.

First results, first reaction

Akash Ambani welcomed "our new shareholders to the Jio Platforms family", Upstox reported. The shares closed 0.57% higher at ₹1,431.20 on BSE on Friday, giving the company a market value of about ₹13.18 lakh crore, according to TradingView.

The stock closed about 27% above its ₹1,119 IPO price on its debut after India's largest IPO. Jio has also set out plans to take on Google and Meta in advertising.

This report is for information only and is not investment advice.