Jio Platforms posts Rs 45,961 cr Q1 revenue, profit up 9.2% ahead of IPO

Reliance's telecom arm logged 12% revenue growth to Rs 45,961 crore and net profit of Rs 7,764 crore in Q1. Subscriber base crossed 533 million with ARPU at Rs 215.6 and EBITDA margin of 53.3%. Parent Reliance capital flows tie into retail surface expansion.

— Source publishedFri, 17 Jul, 2026, 20:14 IST·First seen Fri, 17 Jul, 2026, 20:31 IST·Source Business Today · Latest

What happened

IPO-bound Jio Platforms, Reliance's telecom arm, posted Q1 revenue of Rs 45,961 crore (up 12%) and net profit up 9.2% to Rs 7,764 crore, with subscriber base

Key facts

  • revenue Rs 45,961 crore
  • revenue up 12% YoY
  • net profit Rs 7,764 crore
  • profit up 9.2%
  • EBITDA Rs 20,865 crore
  • EBITDA margin 53.3%
  • ARPU Rs 215.6
  • 533 million subscribers
  • 285 million 5G subscribers
  • 28.6 million fixed broadband

Why this matters

The Reliance capital flows linking Jio's telecom scale to retail expansion suggest ecosystem-bundling opportunities and potential partnership leverage pre-IPO.

What to watch

  • Jio IPO filing date and valuation band
  • ARPU trend next quarter (tariff hike pass-through)
  • Reliance Retail quarterly revenue and footprint additions
  • Group capital allocation commentary in RIL earnings call
  • Watch Reliance Retail for aligned capex or store-count announcements post-Jio print
  • Track JioMart / digital-commerce integration signals tied to subscriber funnel
  • Monitor IPO timeline disclosures and use-of-proceeds language

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