Mumbai, India – Jio Platforms, the digital arm of Reliance Industries Ltd, has announced robust financial results for the quarter ended March 31, 2026, alongside an update from Chairman Mukesh Ambani regarding its highly anticipated initial public offering (IPO).
The company reported a significant 13% year-on-year increase in net profit, reaching Rs 7,935 crore for the fourth quarter of fiscal year 2026. This marks a rise from Rs 7,022 crore reported in the same quarter of the previous year. Quarterly revenue also saw healthy growth, climbing 12.7% year-on-year to Rs 44,928 crore. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) expanded by 17.9% year-on-year, touching Rs 20,060 crore, attributed to strong operating leverage, subscriber additions, and growth in digital services.
Steady Progress Towards IPO
Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries, commented on the future of Jio Platforms. “I am happy to note that we are advancing steadily towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future,” Ambani stated. He further added that Jio is well-positioned to shape India's digital landscape by democratizing access to AI tools and next-generation technology platforms.
Key Performance Metrics and Subscriber Growth
Jio Platforms demonstrated strong operational performance across key indicators:
- Subscriber Base: The total customer base reached over 524 million, a 7.4% increase year-on-year. This includes 268 million 5G subscribers, with 5G traffic now accounting for 55% of total wireless traffic.
- ARPU: Average Revenue Per User (ARPU) improved by 3.8% year-on-year to Rs 214, up from Rs 206.2 a year ago, driven by higher customer engagement and an improved subscriber mix.
- Data & Voice Traffic: Data traffic surged by 35% year-on-year to 66 billion GB, while voice traffic increased by 3.4% to 1.54 trillion minutes. Per capita data consumption stood at an impressive 42.3 GB per month.
- Jio AirFiber: The fixed wireless access service, Jio AirFiber, reached approximately 13 million subscribers.
- Churn Rate: Monthly churn remained stable at 1.7%, with a net addition of 9.1 million subscribers during the quarter.
The company highlighted that sustained double-digit revenue growth was fueled by organic ARPU growth, an improving subscriber mix in mobility, the scaling up of home connections, and expansion in digital services.