Jio Platforms545004Quarterly results
Q2 & H1 FY2026 results approved, auditor review unmodified; Rs. 27,500 crore IPO proceeds used to prepay borrowings
Board approved unaudited consolidated and standalone results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 40,475 | 36,332 | +11.4% | 39,173 | +3.3% |
| Total income | 41,453 | 36,986 | +12.1% | 40,198 | +3.1% |
| Profit before tax | 11,259 | 9,937 | +13.3% | 10,427 | +8% |
| Profit after tax | 8,387 | 7,375 | +13.7% | 7,764 | +8% |
| Total comprehensive income | 8,509 | 7,428 | +14.6% | 7,817 | +8.9% |
| Basic EPS | 9.38 | 8.25 | +13.7% | 8.69 | +7.9% |
- Total income YoY growth
- +12.1%
- Period
- 30th Sep'26
Auditor's review
Conclusion: Unmodified
Notes to the results
- Equity shares listed on NSE and BSE w.e.f. 28th October, 2026 after IPO of 27,00,00,000 fresh equity shares at Rs. 1,119 per share; gross proceeds Rs. 30,188 crore.
- Rs. 27,500 crore of Net Proceeds used to prepay certain External Commercial Borrowings of Reliance Jio Infocomm Limited; balance for general corporate purposes.
- Figures for quarter ended June 30, 2026 are per Special Purpose Interim Consolidated Financial Statements audited solely for inclusion in the offer document.
What the board approved
- Unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026, approved by the Board at its meeting on October 30, 2026.
- The Audit Committee reviewed and recommended the results; the meeting ran from 4:15 p.m. to 5:05 p.m. (IST).
- Deloitte Haskins & Sells LLP and Chaturvedi & Shah LLP carried out a limited review, and their conclusion on the statement is not modified.
Consolidated performance, quarter ended September 30, 2026
- Revenue from Operations: Rs. 40,475 crore
- Profit after tax: Rs. 8,367 crore
Consolidated performance, half year ended September 30, 2026
- Profit after tax: Rs. 16,151 crore
Balance sheet as at September 30, 2026 (consolidated)
- Total Assets: Rs. 6,23,476 crore
The Initial Public Offer and where the money went
- The equity shares were listed on NSE and BSE with effect from 28th October, 2026, after the Initial Public Offer of 27,00,00,000 equity shares at an issue price of Rs. 1,119 per equity share was completed.
- Gross proceeds from the issue, after accounting for the employee discount, aggregated Rs. 30,188 crore.
- Rs. 27,500 crore of the net proceeds has been utilised towards prepayment, in full or in part, of the principal amount outstanding of certain External Commercial Borrowings availed by Reliance Jio Infocomm Limited, a material subsidiary. The balance amount will be utilised towards general corporate purposes, in line with the objects of the issue.
What a reader can take away
- An unmodified review conclusion means the reviewers did not come across anything that caused them to believe the statement contains a material misstatement.
- The group operates as a single segment: Digital Services (including Platform, Application and Software) business.
- The consolidated statement covers the parent, its subsidiaries and one joint venture.
Points to keep in mind
- These are unaudited, limited-review interim figures for a quarter and half year, not a full-year audited account.
- The IPO money has been applied mainly to borrowings outstanding at Reliance Jio Infocomm Limited, with the balance earmarked for general corporate purposes.
Rs. 30,188 croreGross proceeds from the Initial Public Offer
Profit before tax, latest quarter11,259 (₹ in crore)
Profit before tax, quarter10,427 (₹ in crore)
Profit after tax, latest quarter8,387 (₹ in crore)
Also from Jio Platforms
Jio Platforms reported its first standalone quarterly results after being separately listed, with in-line revenue and EBITDA growth
2 Nov 2026
Jio Platforms' management highlighted focus on value-added services like broadband and digital services, with broadband subscriber base targeted to grow significantly
2 Nov 2026
Jio Platforms delivered steady double-digit earnings growth in its first results since listing
2 Nov 2026
More numbers
- Profit after tax, consolidated, quarter ended Sep 30, 20268,367
- Profit after tax, consolidated, half year ended Sep 30, 202616,151
- Total Assets, consolidated, as at Sep 30, 20266,23,476
- IPO issue price per equity shareRs. 1,119
- Equity shares issued in the Initial Public Offer27,00,00,000
- Gross proceeds from the Initial Public OfferRs. 30,188 crore
- Net proceeds utilised to prepay External Commercial BorrowingsRs. 27,500 crore
- Total income, latest quarter41,453 (₹ in crore)
- Total income, year-ago quarter36,986 (₹ in crore)
- Total income, previous quarter40,198 (₹ in crore)
- Total comprehensive income, latest quarter8,509 (₹ in crore)
- Total comprehensive income, year-ago quarter7,428 (₹ in crore)
- Total comprehensive income, previous quarter7,817 (₹ in crore)
- Profit after tax, latest quarter8,387 (₹ in crore)
- Profit after tax, year-ago quarter7,375 (₹ in crore)
- Profit after tax, previous quarter7,764 (₹ in crore)
- Revenue from operations, latest quarter40,475 (₹ in crore)
- Revenue from operations, year-ago quarter36,332 (₹ in crore)
- Revenue from operations, previous quarter39,173 (₹ in crore)
- Profit before tax, latest quarter11,259 (₹ in crore)
- Profit before tax, year-ago quarter9,937 (₹ in crore)
- Profit before tax, previous quarter10,427 (₹ in crore)
Source: BSE · 30 Oct 2026
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