India’s leading digital services company, Jio Platforms, reported strong growth in the July-September 2025 quarter. The rise in net profit and revenue highlights the company’s focus on premium customers, broadband expansion, and digital innovation.
Key Takeaways
- Strong Financial Performance: Jio Platforms Q2 profit rose 13% YoY to ₹7,375 crore, supported by revenue growth and ARPU improvement.
- Broadband Expansion: Over 1 million new homes were connected monthly, with total broadband users reaching 23 million.
- 5G Momentum: 5G users climbed to 234 million, accounting for 50% of Jio’s total wireless traffic.
- IPO Readiness: The company’s margin improvements and premiumization strategies position it well for the 2026 IPO.
- Digital Growth: New products like JioAICloud, JioGames, and upcoming Jio Frame highlight Jio’s diversification beyond telecom.
Jio Platforms Q2 profit increased 13% year-on-year to ₹7,375 crore, marking another strong quarter ahead of its planned IPO in 2026. Sequentially, profits rose 3.7%, showcasing stable growth despite competitive market conditions.
Revenue from operations climbed to ₹36,332 crore, up 3.71% quarter-on-quarter and 14.6% year-on-year. The rise was mainly supported by an increase in subscriber market share, higher ARPU (average revenue per user), and expanding broadband reach across India.
According to Jio, this growth reflects the company’s commitment to improving network quality, customer experience, and digital services adoption nationwide.
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How Did Broadband and 5G Expansion Fuel Growth?
Jio’s broadband and 5G segments remained key drivers of profitability. The company added over 1 million new home broadband users every month, taking total connected homes to 23 million.
At the same time, its 5G network gained strong momentum, with 5G subscribers rising to 234 million, up from 213 million in the previous quarter. Jio also revealed that 5G now accounts for 50% of total wireless data traffic, indicating massive adoption and engagement.
JioAirFiber’s continued expansion further strengthened the brand’s position in India’s home connectivity market. The product’s subscriber base reached 9.5 million, reinforcing Jio’s dominance in the broadband segment.
How Is Jio’s ARPU and Margin Performance Shaping IPO Readiness?
Average revenue per user (ARPU) rose 1.2% sequentially to ₹211.4 from ₹208.8 in the previous quarter. The steady ARPU improvement demonstrates the company’s premiumization strategy.
Jio’s earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹18,757 crore, up 17.7% year-on-year. The EBITDA margin rose by 140 basis points year-on-year to 51.6%, reflecting efficient cost control and improved revenue quality.
As part of IPO preparations, Jio Platforms continues to focus on margin improvement, sustainable ARPU growth, and capital efficiency, all critical factors for achieving a higher market valuation when listed.
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What Role Does Technology Play in Jio Platforms’ Q2 Profit Surge?
Reliance Industries Chairman Mukesh Ambani highlighted that Jio’s “ubiquitous standalone 5G network” and “innovative radio solutions” have helped the company provide high-speed broadband access to millions of Indian households.
The company’s technological advancements, including indigenous systems and AI-driven platforms, have positioned Jio as a global technology leader. Its initiatives in cloud gaming (JioGames), AI-powered cloud storage (JioAICloud), and virtual desktops (JioPC) are gaining traction.
Additionally, Jio announced its upcoming Jio Frame, a smart glass featuring an AI voice assistant and camera, designed for Indian users at competitive prices. This continuous innovation cycle ensures Jio’s dominance in India’s rapidly evolving digital ecosystem.
How Does Jio Compare with Competitors Like Airtel?
While Bharti Airtel continues to lead the ARPU race with ₹250, Jio Platforms Q2 profit shows that volume and subscriber expansion remain its biggest strengths.
Jio added 8.3 million new subscribers in the September quarter, reaching a total of 506.4 million users. Although slightly below the 9.9 million additions in the previous quarter, Jio’s consistent growth solidifies its position as India’s largest telecom operator by market share.
Jio also removed its entry-level 1 GB data plan to encourage customers to shift toward higher plans, another step in aligning pricing with value and profitability. Analysts see this move as part of the company’s effort to close the ARPU gap with Airtel while preparing for its IPO.
What Does the IPO Mean for Jio’s Future?
The upcoming Jio Platforms IPO, expected in the first half of 2026, is likely to be one of India’s biggest listings. The consistent rise in Jio Platforms Q2 profit strengthens investor confidence and signals robust financial health.
Analysts expect the company to continue focusing on profitability, digital innovation, and new-age technology products to sustain growth and enhance shareholder value post-listing.
Reliance Jio Infocomm, the core telecom arm under Jio Platforms, remains the main revenue driver and continues to expand its market presence. This balance between telecom and digital innovation will play a major role in the IPO’s success.
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