Reliance Industries Limited (RIL) and Jio Platforms have released their financial results for the second quarter of the current fiscal year, Q2FY27. Following a spectacular listing on the stock exchange earlier this week, Jio Platforms has released its quarterly results for the very first time as a publicly traded entity. According to these figures, Jio Platforms reported a 14 percent increase in its consolidated net profit, reaching 8,389 crore rupees for the quarter ending in September. In the corresponding quarter of the previous financial year, the company had posted a net profit of 7,379 crore rupees, while another data point mentioned a profit of 7,354 crore rupees in the same period last year. This solid growth in profitability signals strong operational momentum.
Key Drivers Behind Profit and Revenue Surge
The primary catalysts driving the company's profitability include a steady addition of new subscribers, accelerated growth in digital services, and a marginal improvement in Average Revenue Per User (ARPU). Jio Platforms' revenue from operations also witnessed an 11 percent increase, climbing to 40,475 crore rupees compared to 36,332 crore rupees recorded in the same quarter a year ago. This solid revenue expansion reinforces the company's dominant market standing and deepens investor confidence.
Sequential Improvement Over June Quarter
The company's financial performance also showed noticeable sequential improvement compared to the June quarter. In the preceding quarter, Jio's net profit stood at 7,765 crore rupees, which grew by 8 percent in the September quarter. Plus, the company's total revenue registered a 3 percent quarter-on-quarter growth. These mark the first quarterly earnings for Jio Platforms since its shares made a stellar debut on the stock exchanges on October 28. The company's shares were listed at 1,358 rupees, which was approximately 21 percent higher than its issue price of 1,119 rupees.
Robust EBITDA And ARPU Growth
For the quarter under review, the company's EBITDA registered a year-on-year (YoY) growth of 17 percent. This increase was primarily driven by revenue growth, operating benefit from, and a 250 bps expansion in margins. During the second quarter, the Average Revenue Per User (ARPU) increased to 218 rupees 80 paisa. The impact of promotional schemes launched for fixed broadband customers was well-balanced by a better subscriber mix and increased utilization of services.
Akash Ambani Statement And A New Era
Commenting on the maiden quarterly results following the stock market listing, Jio Platforms Managing Director (MD) Akash Ambani said, We warmly welcome our new shareholders to the Jio Platforms family. As a listed company on the stock exchange, we're entering an entirely new era. The results of this quarter demonstrate how strong our 5G network is. Alongside this, the scope of broadband and digital services is also expanding continuously.
Operational Performance And Data Consumption Metrics
The company's operational metrics also witnessed considerable improvement. 1 percent. 2 GB of data per month. Total data traffic for the company grew by 22 percent year-on-year during this period. 6 percent, while 91 lakh new subscribers joined the network during the quarter.
5G Subscribers Cross The 30 Crore Milestone
By the end of September, Jio's total 5G subscriber base crossed the 30 crore mark. 6 crore new 5G customers. Customer adoption and usage of 5G services are growing rapidly, with 5G now accounting for 56 percent of Jio's total wireless data traffic.
Expansion In Broadband And AirFiber Customers
Jio's total fixed broadband customer base reached 3 crore, with 73 lakh new subscribers added over the past 12 months. 51 crore. More than 75 percent of the new additions in the fixed broadband business over the past year came through the AirFiber service.
On the other hand, Reliance Industries, led by Mukesh Ambani, recorded its highest-ever quarterly revenue in the second quarter (July to September) of fiscal year 2026-27.32 lakh crore rupees, while its net profit jumped 41 percent to reach 25,548 crore rupees. The strong performance of the Oil-to-Chemicals (O2C) and Jio businesses drove this remarkable profit growth.