Jio Platforms Q2 FY27 Revenue at ₹47,485 Crore, Up 11.3% YoY; IPO Completed
Jio Platforms reported Q2 FY27 consolidated revenue of ₹47,485 crore (up 11.3% YoY) and EBITDA of ₹21,879 crore (up 16.6% YoY). The company successfully completed its ₹30,188 crore IPO on October 28, 2026. JPL's 5G subscriber base crossed 300 million, and Fixed Broadband reached 30 million.
The announcement includes substantial financial results, major operational achievements (subscriber growth), and a significant corporate action (IPO completion), all of which have a high impact on the company and its stakeholders.
The company reported strong year-on-year growth in revenue and EBITDA, achieved significant subscriber milestones, and successfully completed a large IPO, all indicating positive financial and strategic performance.
Jio Platforms Limited (JPL) announced its consolidated and standalone unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a consolidated revenue of ₹40,475 crore for the quarter, an increase of 11.4% year-on-year, and EBITDA of ₹21,879 crore, up 16.6% year-on-year. This growth was driven by strong performance in its Connectivity (11% growth) and Digital Services (16% growth) segments, alongside operating leverage leading to a 250 basis points improvement in EBITDA margin.
For the half year ended September 30, 2027, JPL generated strong Free Cash Flow (FCF) of ₹32,130 crore, a significant 98% increase year-on-year. The company also achieved key subscriber milestones during the quarter, crossing 300 million 5G mobility subscribers and 30 million Fixed Broadband subscribers. The total subscriber base stands at over 542 million.
A major strategic development was the successful completion of Jio Platforms' Initial Public Offering (IPO) on October 28, 2026, raising ₹30,188 crore, making it the largest IPO in India to date. The net proceeds will be utilized for prepayment of external commercial borrowings and general corporate purposes.
Mr. Akash M Ambani, Managing Director of Jio Platforms Limited, welcomed new shareholders and highlighted the company's entry into a new era as a listed entity. He emphasized the strength of their 5G network, the growing reach of broadband and digital services, and continued investment in next-generation technologies like satellite communications, 6G intellectual property, and AI.
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See the model portfoliosA plain-language summary of a public exchange filing by Jio Platforms Limited. Read the original for the full detail.