Jio Platforms Posts 13.7% Profit Rise in Q2 on Subscriber Growth and Higher ARPU

Jio Platforms reported a 13.7% increase in consolidated net profit for the September 2026 quarter, driven by subscriber additions, higher average revenue per user (ARPU) and growth in digital services.

Key takeaways

• Profit up 13.7%: Net profit rose to Rs 8,389 crore from Rs 7,379 crore a year earlier.
• Revenue growth: Consolidated revenue from operations climbed 11.4% to Rs 40,475 crore.
• Subscriber base expands: Total users reached 54.24 crore, a 7.1% year‑on‑year increase.
• ARPU and digital services: Higher ARPU and a 16% rise in digital‑services revenue boosted earnings.
• Debt reduction: Net debt fell 78.6% to Rs 8,822 crore from Rs 41,161 crore a year ago.

Profit and revenue details

The September‑quarter filing shows net profit attributable to owners at Rs 8,389 crore, up from Rs 7,379 crore in the same period last year and 8% higher than the June quarter. Revenue from operations grew 11.4% to Rs 40,475 crore, outpacing the 3.3% sequential rise from Rs 39,173 crore in June.

Subscriber and ARPU dynamics

Jio’s subscriber base expanded to 54.24 crore, adding 3.6 crore users year‑on‑year. The company attributed the revenue boost to both subscriber growth and higher ARPU, reflecting stronger monetisation of its 5G network and broadband services.

Digital services and enterprise focus

Revenue from digital services grew 16% while connectivity revenue rose 11%. Managing Director Akash Ambani said the enterprise segment will be a major growth engine, with plans to offer managed‑service partnerships to small and medium businesses and selective international markets.

Balance‑sheet strength

Net debt fell dramatically to Rs 8,822 crore, a 78.6% reduction from a year earlier, underscoring a strong balance sheet ahead of the recent IPO proceeds.

Why it matters: The earnings show Jio Platforms’ expanding user base and rising ARPU are translating into higher profits and a healthier balance sheet, signaling continued momentum for India’s largest telecom and digital services provider and potential ripple effects for regional markets that rely on its network infrastructure.