Q2 FY27 media release: revenue Rs. 47,485 crore, up 11.3% YoY; EBITDA up 16.6%; PAT up 13.7%
Jio Platforms has shared the media release that goes with its Q2 FY27 results.
By ScoutQuest · · 3 min read
- Gross Revenue
- ₹ 47,485 crore, up 11.3% YoY
- EBITDA
- ₹ 21,879 crore, up 16.6% YoY
- PAT
- ₹ 8,387 crore, up 13.7% YoY
Jio Platforms Ltd has published the media release that accompanies its unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. The release carries the company's own commentary on the quarter, its operating metrics and recent strategic steps.
Consolidated results for the quarter (2Q FY27)
- Gross Revenue: ₹ 47,485 crore, up 11.3% year-on-year (1Q FY27: ₹ 45,961 crore; 2Q FY26: ₹ 42,652 crore)
- EBITDA: ₹ 21,879 crore, up 16.6% year-on-year
- EBITDA Margin: 54.1%, a rise of 250bps year-on-year
- EBIT: ₹ 14,268 crore, up 18.1%
- Profit Before Tax: ₹ 11,259 crore, up 13.3%
- Profit After Tax: ₹ 8,387 crore, up 13.7%
- Net Leverage: 0.10 (x)
For the half year (1H FY27), Gross Revenue was ₹ 93,446 crore, EBITDA ₹ 42,744 crore and Profit After Tax ₹ 16,151 crore. EBITDA less Cash Capex, described as free cash flow, was ₹ 32,130 crore for 1H FY27, up 98% year-on-year.
The company's explanation of the quarter
- Revenue growth of 11.4% in revenue from operations was driven by subscriber additions, higher ARPU and growth in digital services.
- EBITDA growth came from revenue growth, operating leverage and a 250 bps margin expansion.
- PAT grew with EBITDA growth partly offset by higher finance costs following 5G asset capitalisation in March 2026.
Operating numbers (2Q FY27)
- Customer base: 542.4 million, up 7.1% year-on-year
- Net customer additions: 9.1 million in the quarter
- Monthly churn: 1.6%
- Monthly ARPU: ₹ 218.8
- Data traffic: 71.3 billion GB, up 22.1% year-on-year
- Monthly data consumption per customer: 44.2 GBs
Strategic and business updates
- Listing: the equity shares were listed on the National Stock Exchange of India Limited and BSE Limited with effect from 28th October 2026, after an Initial Public Offering of 27,00,00,000 equity shares of face value ₹ 10 each at an issue price of ₹ 1,119 per equity share (including a securities premium of ₹ 1,109 per equity share).
- Issue size: gross proceeds, after accounting for an employee discount of ₹ 54 per equity share, aggregated ₹ 30,188 crore.
- Use of proceeds: an aggregate ₹ 27,500 crore of the net proceeds has been used towards prepayment, in full or in part, of the principal amount outstanding on certain External Commercial Borrowings of Reliance Jio Infocomm Limited, a material subsidiary; the balance is for general corporate purposes.
- 5G: 300 million 5G subscribers as of September 2026, up 66 million over 12 months; 5G now accounts for about 56% of total wireless traffic.
- Fixed broadband: 30.0 million subscribers as of September 2026, with 7.3 million additions over 12 months; Jio AirFiber had a base of 15.1 million subscribers and drove more than 75% of fixed broadband additions in the last 12 months.
- Products: at India Mobile Congress 2026 the company showcased Jio Call Agent, an AI feature that transcribes and summarises calls, and JioFrames, AI-native smart camera frames; JioGames added titles to its Pro Pass, with plans starting at ₹ 48; the JioShield family safety application was introduced as part of its 10th anniversary.
Management comment
The Managing Director's statement welcomes new shareholders as the company enters "a new era as a listed company", and says the quarter reflects the strength of the 5G network and the growing reach of broadband and digital services, with continued build-out planned across satellite communications, 6G intellectual property and AI embedded in core voice and data services.
What a retail reader may take away
- This is a results media release, so the numbers above are the company's own summary of the quarter, not audited annual figures.
- Revenue, EBITDA and PAT all grew year-on-year, and the release attributes this to subscriber additions, ARPU and digital services.
- The release also sets out how the IPO proceeds have been or will be used, including prepayment of borrowings of a material subsidiary.
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
- Gross Revenue, 2Q FY27 (consolidated)47,485
- EBITDA, 2Q FY27 (consolidated)21,879
- Profit After Tax, 2Q FY27 (consolidated)8,387
- Gross Revenue growth YoY, 2Q FY2711.3
- EBITDA growth YoY, 2Q FY2716.6
- PAT growth YoY, 2Q FY2713.7
- Customer base, 2Q FY27542.4 Million
- Gross Proceeds from the Issue30,188 crore
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