RIL Q1 FY27: Jio Platforms revenue rises 12%; ARPU increases to nearly ₹216 per user

The Akash Ambani-led firm posted a 9.2% YoY increase in profit after tax (PAT), with EBITDA growth partially offset by higher finance costs and increased depreciation following the capitalisation of 5G assets.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 15.1% annually, supported by strong double-digit revenue growth along with a margin expansion of 150 basis points.

Jio Platforms reported an increase in average revenue per user (ARPU) to ₹215.6, supported by an improved subscriber mix and positive seasonality, partly offset by promotional schemes for fixed broadband customers.

Its per capita data consumption stood at 43.7 GB per month, while total data traffic grew 26.9% year-on-year during Q1 FY27. Monthly churn also improved to 1.6% during the quarter, with net subscriber additions of 8.9 million.

Jio Platforms in a statement said it has extended its leadership in the 5G subscriber base, reaching around 285 million users as of June 2026, an increase of 73 million over the past 12 months. It added that customer engagement remains strong, with 5G data traffic at nearly 1.5 times that of 4G.

The company stated that its total fixed broadband subscriber base stood at 28.6 million as of June 2026, with around 8.6 million additions over the last 12 months, resulting in a market share of over 43%. Jio Platforms further noted that Jio AirFiber, with a subscriber base of over 14 million, contributed more than 75% of the fixed broadband additions during the past 12 months.

“During the quarter, Jio Platforms Limited filed its DRHP with SEBI, a significant step towards its public listing. The upcoming IPO will be an important milestone in Jio’s journey and will give investors an opportunity to participate in India’s digital growth story,” said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited.

IPO plans

Last month, Reliance Industries' digital and telecommunications arm Jio Platforms had filed draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), to raise funds via the initial public offering.

The initial share sale is solely a fresh issuance of 27 crore shares, with no offer for sale component, according to the preliminary papers.

Commenting on the IPO, Akash M Ambani, Managing Director of Jio Platforms, said: “As we embark on our next phase of journey to be a publicly listed company in India, we will continue to maintain our deep tech focus and democratise access to digital connectivity and digital services in India and globally.”

On Friday, Reliance Industries shares closed at ₹1,327.20 apiece on the National Stock Exchange, rising 2.36%. The earnings, however, came after the market hours.