Jio Platforms Q1 profit rises 25% to Rs 7,110 crore as 5G, broadband user base grows

Jio Platforms Ltd. (JPL), which holds Reliance Industries’ telecom and digital businesses, posted a nearly 25% year-on-year rise in first-quarter net profit, boosted by strong growth in data users, which boosted consumption.

For the June quarter, JPL’s consolidated net profit stood at Rs 7,110 crore, up from Rs 5,698 crore a year earlier and Rs 7,022 crore in the previous three months, the Mukesh .Ambani-owned company said in a statement Friday.

However, the company’s sequential growth was dragged down by higher depreciation and finance costs.

“I am happy to share that Jio has scaled newer heights during the quarter, including crossing 200 million 5G subscribers and 20 million home connects,” said Mukesh Ambani, chairman and managing director of Reliance Industries. “Jio AirFiber is now the largest FWA (fixed wireless access) service provider in the world, with a base of 7.4 million subscribers.”


JPL reported a 19% year-on-year growth in revenue from operations at Rs 35,032 crore for the just-ended quarter, reflecting continued data usage and ramp-up of 5G-based FWA services. Revenue in the fourth quarter of FY25 was Rs 33,986 crore.

Its average revenue per user (ARPU) rose 1.3% sequentially to Rs 208.8 from Rs 206.2 crore. While the strong addition of FWA users and the residual impact of last July’s tariff hikes helped ARPU, the fact that a large part of subscribers were lower paying ones and those consuming data for free owing to bundled plans weighed, analysts said.

Jio still lags rival Bharti Airtel’s ARPU of Rs 245 a month in the January-March period. The Sunil Mittal-led telco is yet to report Q1 results.

Reliance Jio Infocomm, the telecom unit under JPL, reported an over 23% year-on-year growth in net profit for the June quarter at Rs 6,711 crore, on revenue from operations of Rs 30,882, up nearly 17% y-o-y. This compares with net profit of Rs 6,642 crore on revenue of Rs 30,354 crore in Q4 of FY25.

Jio Infocomm, the country’s top telecom operator, comprises the bulk of JPL's operations.

During the quarter, Jio reached 20 million connected premises with fixed broadband, up from 17.4 million in the preceding quarter. Its FWA subscriber base touched 7.4 million --the largest number for any global telecom operator. This was driven by its self-developed multi-point UBR technology which enables multiple home connections through a single 5G cell site, bringing down deployment costs.

“This capability allows us to target 50–60% of homes within a micro-cluster using a single transmission tower,” said Kiran Thomas, president, Reliance Industries. Jio has scaled up this UBR-led last-mile rollout across multiple states, including Gujarat, Maharashtra, Tamil Nadu, Telangana and Andhra Pradesh. The company operates over 450,000 UBR nodes across India.

The company also fulfilled its target of 1 million home connections in a quarter --for the first time -- during Q1 of FY26, it said. The telco has set a target of connecting 100 million homes across the country.

Jio's Swelling Subscriber Base

During the three-month period, Jio gained 9.9 million users, boosting its overall base to 498.1 million, as the telco continued to gain users, mainly from Vodafone Idea and state-run Bharat Sanchar Nigam Ltd. (BSNL).

The company had taken the lead in raising tariffs by 12-25% for most of its users with the aim of shoring up ARPU due to the lack of monetisation of 5G services so far, where the company has made large investments in buying airwaves and rolling out a pan-India 5G network.

It ended the quarter with 212 million 5G subscribers (versus 191 million in January-March).

“Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country,” said Akash Ambani, chairman, Reliance Jio.

JPL’s Q1 earnings before interest, tax, depreciation and amortisation (Ebitda) margin expanded to 518% sequentially from 50.1% in the fourth quarter and 49.7% a year ago.

Per capita data consumption at the end of June grew to 37 GB per month from 33.6 GB per month at the end of March, due to an expansion of Jio’s 5G services and increased consumption by fibre-to-home users.

Total wireless data consumption rose to 54.7 billion GB from 48.8 billion GB in the preceding quarter, while voice consumption remained flat at 1.49 trillion minutes.