IPO-bound Jio Platforms reported a consolidated profit after tax (PAT) of ₹7,764 Cr in the first quarter of FY27 (Q1 FY27), up 9.2% YoY from Jio Platforms. Sequentially, net profit fell 2.2% from ₹7,935 Cr in the previous quarter.
Operating revenue rose 11.8% YoY and 2.4% QoQ to ₹39,173 Cr. Meanwhile, gross revenue jumped 12% YoY to ₹45,961 Cr.
EBITDA for the period under review grew 15.1% YoY and 4% QoQ to ₹20,865 Cr. While subscriber momentum and margin expansion supported another quarter of double-digit EBITDA, higher finance costs following the capitalisation of 5G assets partly offset the growth, Jio parent Reliance Industries (RIL) said in its quarterly disclosures.
Meanwhile, EBITDA margin expanded 90 basis points to 53.3% from 52.4% in the previous quarter and 150 basis points to 51.8% a year earlier.
The company said digital services revenue grew 20% YoY, outpacing the connectivity business, with content, cloud compute, IoT and managed services driving growth.
Jio Platforms ended the quarter with more than 533 Mn subscribers, including around 285 Mn 5G users.
Fixed broadband connections reached 28.6 Mn, of which 14 Mn were JioAirFiber homes. Data traffic also increased 26.9% YoY during the quarter.
Within its connectivity business, Reliance Jio Infocomm Ltd (RJIL) added 8.9 Mn subscribers during the quarter, taking its customer base to 533.3 Mn.
Average revenue per user (ARPU) increased to ₹215.6 per month from ₹214 in the previous quarter and ₹208.8 a year earlier.
(The story will be updated soon)
The post IPO-Bound Jio Platforms’ Q1 Profit Jumps 9% YoY To ₹7,764 Cr appeared first on Inc42 Media.
-
Dutch prodigy Ruud Nijstad dreams of partnering Pau Cubarsi at Barcelona after admiring his display against Cristiano Ronaldo
-
Carrick likely to give Andrey Santos his Manchester United debut against Wrexham
-
Retired bureaucrats dominate race for Ram temple trust’s CEO post
-
Rahul Gandhi blames entire system for paper leaks
-
Chabahar port terminal unharmed in US strikes: India
