Jio Platforms net profit rose 9.2% to ₹7,764 crore in Q1FY27, ARPU hit ₹215.6. The strong quarter supports the upcoming IPO and shows pricing power across the sector.
Alpha Score of 43 reflects weak overall profile with moderate momentum, weak value, weak quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Jio Platforms posted a 9.2% rise in net profit to ₹7,764 crore for the first quarter of fiscal 2027, driven by strong subscriber growth and a higher average revenue per user. ARPU climbed to ₹215.6 from ₹201.2 a year earlier, the company said. The results come as the telecom operator continues to expand its digital services and prepare for an initial public offering. The higher ARPU reflects the company's strategy of upselling premium plans and data services. The subscriber base grew to 485 million, adding 5 million in the quarter. Jio's revenue from operations increased 12% to ₹38,500 crore, supported by tariff hikes introduced last year. The company's digital services segment, including cloud and enterprise offerings, also contributed to the growth. The impending IPO is expected to be one of the largest in India, with the company aiming to list its digital services unit. For the telecom sector, Jio's strong performance signals continued pricing power and subscriber loyalty, which could benefit peers as well. Competition remains intense, with Bharti Airtel and Vodafone Idea also vying for market share. Jio's capital expenditure remained high at ₹12,000 crore as it expands its 5G network. The company said it expects to achieve a pan-India 5G footprint by the end of the fiscal year. The results were announced after market close on Monday. Jio's parent Reliance Industries will report its consolidated results later this week.
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