Jio Platforms (JPL), the Reliance Group’s telecom major, reported a 14% year‑on‑year increase in consolidated net profit for the July to September quarter of FY27, rising to ₹8,389 crore from ₹7,379 crore in the corresponding quarter of the previous fiscal year. The rise was supported by an increase in monthly average revenue per user (ARPU), healthy margin growth and revenue gains in the period. The company announced its Q2 earnings after market hours on Friday, October 30, and shares will be in focus on Monday, November 2, 2026.

Core operations revenue, excluding GST recovered, advanced 11.4% YoY to ₹40,475 crore in the September quarter, from ₹36,332 crore in the same quarter of the previous year, as per the financial statements. Operating profit or earnings before interest, tax, depreciation and amortisation (EBITDA) improved 16.6% YoY to ₹21,879 crore in the September quarter, from ₹18,757 crore a year earlier. EBITDA margin increased by 250 basis points to 54.1% in Q2 FY27, compared with 51.6% in Q2 FY26.

The company noted that EBITDA growth was offset by higher finance costs due to 5G asset capitalisation in March 2026. Profit margin expanded 40 basis points to 20.7% in the quarter under review, compared to 20.3% in the same period a year earlier. Average revenue per user (ARPU) increased to ₹218.8 in the September quarter, in comparison to ₹215.60 per user levels in the first quarter of FY27. ARPU increased further with promotional schemes for fixed broadband customers offsetting better subscriber mix and increased usage.

Jio Platforms’ 5G subscriber base increased to 300 million users as of September 2026, up 66 million over the last 12 months. Total Fixed Broadband subscribers as of September 2026 stood at 30.0 million, with 7.3 million additions over the last 12 months. Monthly churn was stable at 1.6% with net subscriber addition of 9.1 million during the quarter, as per the official statement.

NSE data showed that Jio Platforms has delivered 27.9% returns, including the listing gains, to IPO-level investors since the company was listed on the benchmark exchanges on Wednesday, October 28. Shares of the company were listed on the National Stock Exchange at ₹1,358 per share, marking a mega premium in comparison to its issue price at the upper band of ₹1,119 apiece. Jio Platforms shares ended 0.68% higher at ₹1,431.30 apiece ahead of the company’s Q2 results announcement, in comparison to ₹1,421.60 apiece at the previous equity market close.

The company’s market capitalisation was at over ₹13.18 lakh crore as of the stock market close on Friday, October 30, 2026. The earnings announcement after market hours on October 30 positioned Jio Platforms for investor focus on Monday, November 2, 2026. The 14% profit growth, coupled with margin gains and revenue improvement, reflects the company’s operational performance in the September quarter. The forthcoming trading session on November 2 will provide further insight into market sentiment towards JPL’s earnings and strategic outlook.