Reliance Industries subsidiary Jio Platforms (JPL) on Friday posted a 3.78% rise in its net profit during the September quarter on the back of sequential rise in average revenue per user (Arpu) and uptick in data consumption.
JPL’s consolidated net profit in Q2FY26 rose to Rs 7,379 crore from Rs 6,539 crore in the second quarter of the previous fiscal, the company said. The company’s net profit stood at Rs 7,110 crore in the April-June period.
The revenue rose 3.71% to Rs 36,332 crore from Rs 35,032 crore in the preceding quarter, driven by strong subscriber growth momentum across mobility and home broadband businesses, increased customer engagement and growth in digital services business.
JPL’s Ebitda rose 3.43% q-o-q at Rs 18,757 crore from 18,135 crore in Q1FY26 on account of strong revenue growth. Ebitda margin at 51.6% was down 20 basis points (bps) sequentially, and up 140 bps y-o-y.
The firm’s revenue came in ahead of analyst forecast of Rs 31,900 crore. PAT and Ebitda also exceeded analyst estimates.
Reliance Jio Infocomm, the telecom arm of RIL, which commands the lion’s share of JPL’s financials, saw its PAT jump 3.89% q-o-q to Rs 6,972 crore versus Rs 6,711 crore in Q1. Its revenue for the quarter grew 3.16% sequentially to Rs 31, 857 crore compared to Rs 30,882 crore in previous quarter, and earnings before interest, taxation, depreciation and amortisation (Ebitda) was 3.31% higher at Rs 17,874 crore, versus Rs 17,301 crore in Q1.
“Jio has proudly served over 500 million subscribers addressing multiple digital needs of their everyday life. This has been possible due to Jio’s deep-tech initiatives which have sparked India’s technological revolution. Jio will continue to bring new age technologies and enhance the life of every Indian citizen. Jio has successfully delivered its indigenous technology stack at India scale and is now set to take our homegrown technology around the world,” Akash Ambani, chairman, Reliance Jio Infocomm, said.
Jio added 8.3 million users in the September quarter taking its total subscriber base to 506.4 million.
Arpu, a crucial performance indicator for the telcos, improved to Rs 211.4 from Rs 208.8 in the first quarter of FY26, in line with Street estimates, benefiting from a better subscriber mix.
Jio’s 5G subscriber base stood at 234 million (46% of overall subscriber base), adding 21 million in Q2. JioAirFiber user base was 9.5 million for home broadbands, which the firm claims is the largest globally. The company said the telco is adding nearly 1 million home subscribers per month now for its FWA offering. The total connected premises with fixed broadband on its network reached 23 million in the September quarter.
The per capita data usage rose to 38.7 GB per month as compared to 37 GB per month in the previous quarter likely because of an uptick in 5G userbase, and FWA base expansion.
“Digital services business continues to scale-up with positive momentum in subscriber addition across homes and mobility services, driven by Jio’s network and technology leadership. Jio’s innovative radio solutions and ubiquitous stand-alone 5G network have enabled it to provide broadband connectivity to households across India,” Mukesh Ambani, chairman and managing director, Reliance Industries, the parent company of JPL said.
The total wireless data consumption rose to 58.4 billion GB as compared to 54.7 billion GB in Q1FY26, while total voice consumption grew marginally sequentially at 1.5 trillion minutes.
