Reliance Jio Platforms reported a 9% year-on-year rise in net profit to ₹7,764 crore for the June quarter. Revenue grew 12% as subscriber numbers reached 533 million and data usage surged. The company has filed its draft papers for a potential public listing to unlock value for investors.
Reliance Jio Platforms has reported a steady financial performance for the quarter ending June 2026, with net profit climbing 9% compared to the same period last year. The telecom giant recorded a profit of ₹7,764 crore, supported by a 12% growth in revenue. This revenue increase was largely driven by a combination of higher subscriber additions and an improvement in Average Revenue Per User (ARPU), which now stands at ₹215.6 per month.
The company’s operational efficiency also saw progress, with EBITDA reaching ₹20,865 crore, a 15% increase year-on-year. This improvement in earnings before interest, tax, depreciation, and amortization reflects better operational margins. However, these gains were partially offset by higher costs related to interest payments and the depreciation of infrastructure assets, following the company's extensive rollout of 5G services across the country.
Scaling Digital Services and 5G Infrastructure
Jio's subscriber base reached approximately 533.3 million during the quarter, reflecting a 7.1% increase over the previous year. The company continues to see strong demand for its data services, with total traffic hitting 66 billion GB. Much of this growth is attributed to the expansion of its 5G network, which now serves 285 million subscribers, and the adoption of its home broadband service, JioAirFiber, which has reached 14 million users. Monthly churn remained steady at 1.6%, suggesting that the company is successfully retaining its customer base despite competitive pressure in the telecom sector.
Progress Toward Public Listing
Beyond current operations, Reliance Jio has moved forward with plans for a potential public listing in India. The company confirmed that it has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). This is a vital step for the firm as it looks to provide an exit path for its early investors and allow public participation in its digital business. While the listing timeline remains subject to regulatory approvals and market conditions, the filing indicates a clear strategic shift toward unlocking value from its digital and telecom ventures.
Investors will likely track the company's ability to maintain these margins as it continues to balance ongoing capital spending on 5G and other digital initiatives with the need for sustained profitability. Monitoring the trends in ARPU growth and the speed at which it converts its 5G and JioAirFiber base into long-term revenue will be essential for assessing its financial health leading up to a potential IPO.