**Jio Platforms Reports Steady Growth Ahead of IPO**
Jio Platforms, the telecom and digital services arm of Reliance Industries Ltd, has demonstrated consistent growth in the October-December quarter (Q3FY26), continuing its trend of modest sequential gains fueled by subscriber additions, home broadband expansion, and a focus on higher-value customers. The company reported a net profit of ₹7,629 crore, reflecting a 3.4% increase quarter-on-quarter and an 11.2% rise year-on-year. However, profit growth was somewhat constrained by a 67% year-on-year increase in finance costs, attributed to the utilization of 5G spectrum assets.
Revenue from operations climbed 2.5% sequentially and 12.7% year-on-year to ₹37,262 crore, aligning with market expectations. Jio attributed this revenue growth to strong subscriber additions, an increase in average revenue per user (ARPU), and the scaling up of digital services. Analysts had anticipated stable growth in the absence of tariff hikes, and the results largely met these expectations.
In the previous quarter, Jio’s revenue from operations had increased by 3.7% sequentially and 14.6% year-on-year to ₹36,332 crore, with a net profit of ₹7,375 crore, marking a 3.7% sequential and 12.8% year-on-year growth.
Mukesh D. Ambani, chairman and managing director of Reliance Industries, noted that Jio expanded its subscriber base through attractive offerings supported by its comprehensive technology tailored for the Indian market. This steady performance is particularly significant as Jio plans to go public by mid-2026. An increase in ARPU and improved profitability could enhance its appeal to investors and support a higher valuation for the upcoming IPO.
Jio’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 16.4% year-on-year and 2.9% sequentially to ₹19,303 crore in the December quarter, with the EBITDA margin improving by 170 basis points year-on-year. The company attributed this growth to higher revenue and margin enhancements.
As India’s largest telecom operator by market share, Reliance Jio’s standalone revenue from operations grew 11.8% year-on-year and 2.8% quarter-on-quarter to ₹32,751 crore, with net profit increasing by 10.7% year-on-year and 2.9% sequentially to ₹7,173 crore. The telecom segment, under Reliance Jio Infocomm, saw a continued rise in ARPU, driven by increased data consumption and a favorable subscriber mix as users transitioned from 2G to 4G/5G and upgraded to higher data tiers. Monthly ARPU rose 1.1% sequentially to ₹213.7 from ₹211.4 at the end of September.
In conclusion, Jio Platforms’ steady growth and strategic focus on enhancing its service offerings position it well for its upcoming IPO, potentially attracting significant investor interest.
**FAQ**
**What factors contributed to Jio Platforms’ growth in Q3FY26?**
Jio Platforms’ growth in Q3FY26 was driven by strong subscriber additions, an increase in average revenue per user (ARPU), and the expansion of digital services, despite rising finance costs associated with 5G spectrum assets.