Jio Platforms Q1FY27 net profit up 9.2% to ₹7,764 cr; Arpu edges to ₹215.6

Jio Platforms posted a 9.2% YoY rise in net profit to ₹7,764 crore, with revenue up 12% to ₹39,173 crore and Ebitda margin at 53.3%. Subscriber base hit 533.3M including 285M 5G users. The company filed its DRHP with SEBI for a ₹32,000-35,000 crore IPO, set to be India's largest.

— Source publishedFri, 17 Jul, 2026, 19:39 IST·First seen Fri, 17 Jul, 2026, 19:44 IST·Source Mint

What happened

Jio Platforms Q1FY27 net profit rose 9.2% YoY to ₹7,764 crore on subscriber additions and digital services growth. Arpu inched up to ₹215.6. Jio filed DRHP with

Key facts

  • net profit ₹7,764 crore (+9.2% YoY)
  • revenue ₹39,173 crore (+12% YoY)
  • Ebitda ₹20,865 crore (+15.1% YoY)
  • Ebitda margin 53.3%
  • Arpu ₹215.6
  • 533.3M subscribers
  • 285M 5G subscribers
  • IPO ₹32,000-35,000 crore
  • 270M fresh shares

Why this matters

The SEBI DRHP filing for a ₹32,000-35,000 cr IPO marks a landmark liquidity and valuation-setting event that will reshape India's telecom capital landscape.

What to watch

  • SEBI approval timeline and IPO price band disclosure
  • Any industry tariff hike announcement post-monsoon
  • 5G subscriber conversion pace and data ARPU mix
  • Subscriber net-adds momentum vs Airtel in monthly TRAI data
  • EBITDA margin trajectory in subsequent quarters
  • Anchor investor roadshows and price-band signaling ahead of listing
  • Peers (Bharti Airtel, Vi) messaging on ARPU and 5G monetization to defend positioning
  • Broker initiation notes benchmarking Jio valuation against global telecom-plus-digital multiples
  • Reliance parent (RIL) commentary linking Jio IPO to holding-company value unlock

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