Jio Platforms Moves Towards IPO with Strong Financial Growth
Advancing steadily towards the listing of Jio Platforms: Mukesh Ambani
Business StandardImage: Business Standard
Mukesh Ambani, chairman of Reliance Industries Limited, announced that Jio Platforms Limited is advancing towards a public listing, aiming for an IPO by June 2026. The company reported a 13% increase in net profit for Q4 FY26, totaling ₹7,935 crore ($960 million), driven by strong performance in mobility and broadband services.
- 01Jio Platforms aims for an IPO by June 2026, with plans to offload 2.5% equity.
- 02The company reported a 13% increase in Q4 FY26 net profit, reaching ₹7,935 crore ($960 million).
- 03Revenue for Q4 FY26 was ₹44,928 crore ($5.4 billion), a 12.7% YoY increase.
- 04Jio's average revenue per user (ARPU) rose to ₹214, up 3.8% YoY.
- 05The company added 9.1 million subscribers in the latest quarter, bringing total users to 524.4 million.
Advertisement
In-Article Ad
Jio Platforms Limited (JPL), the parent company of Reliance Jio, is on track for a public listing by June 2026, according to Mukesh Ambani, chairman of Reliance Industries Limited. The company reported a 13% increase in net profit for the fourth quarter of FY26, totaling ₹7,935 crore ($960 million). Revenue for the same quarter reached ₹44,928 crore ($5.4 billion), marking a 12.7% year-on-year increase. JPL's earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 FY26 were ₹20,060 crore, up 17.9% YoY. The company attributes this growth to strong performance in mobility, home broadband, and enterprise services. Jio's average revenue per user (ARPU) increased to ₹214, reflecting a 3.8% rise from the previous year. With a total of 524.4 million users, of which 268 million are 5G subscribers, Jio continues to expand its market presence. The company added 9.1 million subscribers in the latest quarter, and its fixed broadband services now connect nearly 27.1 million premises, holding a 43% market share. Jio's advancements in technology and infrastructure position it as a key player in India's digital future.
Advertisement
In-Article Ad
The IPO of Jio Platforms could enhance investment opportunities in India's digital sector, potentially leading to increased job creation and improved services for consumers.
Advertisement
In-Article Ad
Reader Poll
Do you think Jio's IPO will positively impact India's telecom sector?
Connecting to poll...
More about Reliance Industries Limited
Reliance Industries Reports ₹16,971 Crore Net Profit in Q4 Amid Energy Crisis
Business Standard • Apr 25, 2026
Reliance Industries Reports Decline in O2C Margins Amid Rising Crude Costs and Geopolitical Tensions
The Economic Times • Apr 24, 2026
Reliance Jio Reports Increased ARPU and Subscriber Growth in Q4 FY26
The Economic Times • Apr 24, 2026
Read the original article
Visit the source for the complete story.
