Jio Q1FY27: ARPU climbs to Rs 215.6, subscriber base tops 533 million
Reliance Jio added 8.9 million subscribers to cross 533.3 million, with ARPU rising to Rs 215.6 and churn at 1.6%. Revenue grew 11.8% to Rs 39,173 crore and net profit rose 9% to Rs 7,764 crore. Jio Platforms filed its DRHP with SEBI, signalling a public listing tied to Reliance's broader digital and retail surface.
What happened
Reliance Jio's Q1FY27 ARPU rose to Rs 215.6 with subscribers crossing 533 million. Jio Platforms filed its DRHP with SEBI toward a public listing, a
Key facts
- ARPU Rs 215.6
- 533.3 million subscribers
- 8.9 million added
- churn 1.6%
- 285 million 5G subs
- 28.6 million broadband subs
- revenue Rs 39,173 crore up 11.8%
- EBITDA Rs 20,865 crore up 15.1%
- net profit Rs 7,764 crore up 9%
- data traffic 69.4 billion GB
Why this matters
The SEBI DRHP filing ties Jio Platforms' listing to Reliance's broader digital and retail surface, opening partnership and capital-alignment opportunities ahead of the IPO.
What to watch
- SEBI approval and IPO pricing/timeline for Jio Platforms
- Next tariff revision cycle across Indian telecom
- Quarterly churn trend breaching 2%
- Airtel ARPU convergence or divergence vs Jio Rs 215.6
- 5G capex intensity and free cash flow inflection
- Watch competitive response from Airtel/Vodafone Idea on matching tariff moves
- Model Jio Platforms valuation range against listed telecom and digital comps
- Track 5G monetization and home broadband (AirFiber) attach rates as next ARPU lever
- Reassess Reliance conglomerate sum-of-parts with digital arm nearing public price discovery