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Jio Platforms' free cash flow jumps to Rs 42,071 crore in FY26 ahead of IPO as net leverage falls to 0.36 times
Our read
With Rs 42,071 crore of free cash flow and net leverage of 0.36 times, Jio Platforms looks able to keep funding its connectivity and digital stack, so retailers that depend on Jio's rails should expect continued investment rather than balance-sheet strain.
Watch
Net leverage below the 0.36 times reported, in the first post-listing results, would mean the debt paydown is working and Jio Infocomm lenders face less risk.
The report
Jio Platforms' cash generated after capex rose to Rs 42,071 crore in FY26 from Rs 1,449 crore in FY24 ahead of its proposed IPO. Net leverage fell to 0.36 times, and fresh issue proceeds will partly repay Reliance Jio Infocomm borrowings.
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What to watch next
- Free cash flow against the ₹42,071 crore reported, in the first post-listing quarter
- Size of the fresh-issue portion versus the offer for sale in the final price band
- Regulator observations or changes to the stated use of proceeds
- Tariff or capex announcements from rival telecom operators after listing
Background
Later reports that look back at earlier events in this story, newest first. They add context; nothing on this page has changed.
Jio Platforms IPO (June DRHP resurfaces): Reliance 66.43%, Meta affiliate 9.98%, Google 7.73%, ₹37,700 crore expected
On the record
Earlier Jio Platforms reports on RetailIntel, newest first.
- : Musk vows affordable Starlink pricing in India days before Jio Platforms' record $106 billion IPO
- : Jio Platforms IPO of Rs 31,000-32,000 crore reportedly opens 21 October as Rs 50,000 crore pre-Diwali IPO rush builds
- : Jio Platforms IPO, expected to raise about $3.8 billion, is just the start of next growth phase, says Akash Ambani
- : Jio Platforms targets Rs 11 lakh crore IPO valuation; October listing likely
Reported figures
From the report. Source details below
| Revenue from operations, FY26: | Rs 1.47 lakh crore |
|---|---|
| Profit after tax, FY26: | Rs 30,049 crore |
The source
First seen