Jio Platforms Limited (JPL) reported a record quarterly EBITDA of ₹20,865 crore for the quarter ended June 30, 2026, up 15.1% year-on-year, as parent Reliance Industries Limited (RIL) released its consolidated results for the first quarter of FY27.
The company’s EBITDA margin also hit a record 53.3%, up 150 basis points over the same period last year, driven by strong revenue growth and operating leverage.
JPL’s gross revenue for the quarter stood at ₹45,961 crore, an increase of 12.0% Y-o-Y, while revenue from operations rose 11.8% to ₹39,173 crore. Profit after tax came in at ₹7,764 crore, up 9.2% Y-o-Y, with growth in EBITDA partly offset by higher finance costs and depreciation tied to 5G asset capitalisation.
Subscriber growth and 5G momentum
Jio’s total customer base crossed 533.3 million as of June 2026, a 7.1% rise Y-o-Y, with 8.9 million net subscriber additions during the quarter and monthly churn improving to 1.6%.
The company’s 5G subscriber base reached approximately 285 million, up 73 million over the last 12 months, with 5G data consumption now running at roughly 1.5 times that of 4G.
Fixed broadband subscribers stood at 28.6 million as of June 2026, with Jio AirFiber — which added around 14 million subscribers — driving more than 75% of net fixed broadband additions over the year. Total data traffic grew 26.9% Y-o-Y to 69.4 billion GB, and ARPU rose to ₹215.6 per subscriber per month.
IPO milestone and patent rankings
During the quarter, Jio Platforms filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), a key step toward its public listing. Commenting on the development, RIL Chairman and Managing Director Mukesh D. Ambani said the “upcoming
IPO will be an important milestone in Jio’s journey and will allow investors to participate in India’s digital growth story.”
Jio Platforms Managing Director Akash M. Ambani added that the company has “established itself as a deep tech company and demonstrated the velocity of innovation across multiple advanced technologies,” pointing to the group’s patent portfolio as it prepares for its listing.
Separately, JPL surged into the global top 20 in the latest Patent Cooperation Treaty (PCT) rankings released by the World Intellectual Property Organisation (WIPO), climbing 320 places for 2025 — placing it among the fastest-rising innovators globally, with a patent portfolio spanning 5G, 5G Advanced, 6G, AI-native networks and edge intelligence.
Other segments: Retail steady, O2C posts record revenue, JioStar rides IPL viewership
Reliance Retail Ventures Limited (RRVL) reported quarterly revenue of ₹90,408 crore, up 7.4% Y-o-Y (11.6% adjusted for the Consumer Brands demerger), while EBITDA slipped 1.1% to ₹6,309 crore on margin moderation tied to digital commerce investment. Registered customers grew 10.6% to over 396 million.
The Oil to Chemicals (O2C) segment posted record quarterly revenue of ₹201,803 crore, up 30.4% Y-o-Y, aided by a sharp rise in crude prices following the closure of the Strait of Hormuz. Segment EBITDA rose 17.2% to ₹17,010 crore on stronger transportation fuel cracks and downstream margins.
JioStar, the group’s media and entertainment arm, reported EBITDA from operations of ₹933 crore, up 30.7% Y-o-Y. JioHotstar recorded its highest-ever average monthly active users at 530 million, powered by IPL 2026, which reached a combined 1.2 billion viewers across digital and linear TV — making it the biggest T20 event yet.
At the consolidated level, RIL posted record quarterly EBITDA of ₹54,067 crore (up 10.1% Y-o-Y) and record PAT of ₹23,196 crore (up 6.1% Y-o-Y) on a recurring basis, with net debt-to-EBITDA at 0.57.
Also Read- Jio IPO 2026 Launch
