Jio Platforms Q2 FY27 results: net profit ₹8,387 crore

How did Jio Platforms perform in Q2 FY27?

Jio Platforms reported consolidated revenue of ₹40,475 crore for Q2 FY27, the July–September 2026 quarter. EBITDA was ₹20,901 crore and the EBITDA margin was 51.6%. Profit before tax was ₹11,259 crore, while net profit was ₹8,387 crore and basic EPS was 9.38. The company reported no exceptional item for the quarter.

On the standalone basis, revenue was ₹4,881 crore and profit was ₹419 crore. The filing also included results for the first half of FY27: consolidated revenue was ₹79,648 crore, total income was ₹81,651 crore, profit before tax was ₹21,686 crore and net profit was ₹16,151 crore, with basic EPS of 18.07. The same-day presentation gave the company’s consolidated operating presentation, including a 54.1% reported EBITDA margin, but the quarter section uses the filing figures for EBITDA.

What do the balance sheet and cash flow show?

For H1 FY27, operating cash flow was ₹41,702 crore, investing cash flow was negative ₹18,958 crore and financing cash flow was negative ₹22,486 crore. Capital expenditure was ₹10,637 crore. The available balance-sheet and cash-flow data do not include a previous balance-sheet date or a year-earlier cash-flow comparison.

What else did the company announce?

On 30 October 2026, the company filed the unaudited consolidated and standalone financial results for the quarter and half year ended 30 September 2026. The filing said the Audit Committee reviewed and recommended the results and the Board of Directors approved them. The Board meeting ran from 4:15 p.m. to 5:05 p.m. IST.

The company also filed a presentation on the unaudited financial results and disclosed that the trading window close period would end on 1 November 2026. The same-day filings did not announce a dividend, a fund raise or any appointment. Management said on the earnings call that dividends are expected eventually after the first listed year, but no timetable was provided.

What did Jio Platforms' management say?

Management said the company’s international expansion plan targets 10–15 material international partners through managed-service or joint-venture arrangements. It also said that no incremental spectrum or capex was expected to migrate Jio’s 4G users to 5G or add users from other operators. Management expects Voice AI to become universally available across the customer base, with the launch described as immediate.

The CFO said, “So for the next four or five years I do not see it exceeding what we did in last year,” referring to capex. Management said continued operating leverage and no material increase in capex should drive free-cash-flow growth. Management also identified risks including unproven international partnership conversion and contract timing, dependence of tariff decisions on market and macro conditions, and uncertainty around AI token pricing and Gemini monetisation after the free period.

Management said the company sees 340 million potential mobility-broadband customers, with 300 million Jio users already on 5G. It said home broadband had reached 30 million homes and fixed wireless represented almost half the base. The company also said it is targeting international partnerships and expects eventual dividends, but provided no numerical revenue, margin, ARPU or long-term return targets.

How did Jio Platforms shares react?

The filing appeared after market hours. Jio Platforms shares fell 0.8% in the first five minutes, 1.2% after 15 minutes and 1.4% after 30 minutes. On the reaction day, the stock was down 0.2% from its pre-results close, and by the next day’s close it was also down 0.2% from that close. The Nifty Microcap 250 rose 1.4% on the reaction day; no industry median or five-day move was provided.

No past results-day reaction figures were provided, so there is no earlier-results comparison to report. The stock’s recorded price moves are changes from the pre-results close where specified and the filing-time price for the intraday intervals.