Reliance Industries’s digital arm Jio Platforms reported a 13% year-on-year (YoY) rise in net profit to ₹7,935 Cr in Q4 FY26, up from ₹7,023 Cr in the year-ago quarter. On a sequential basis, profit rose 4% from ₹7,629 Cr.

The Reliance Jio Infocomm operator’s gross revenue for the quarter increased 12.7% YoY and about 3% QoQ to ₹44,928 Cr, driven by continued subscriber additions, higher ARPU and growth in digital services.

Operating revenue rose 12.6% YoY to ₹38,259 Cr from ₹33,986 Cr a year ago, and grew 2.7% sequentially.

At the operating level, EBITDA increased 17.9% YoY to ₹20,060 Cr, with margins expanding 230 basis points to 52.4%.

However, costs remained elevated. While finance costs surged 66.2% YoY to ₹2,263 Cr, depreciation cost rose 15.3% YoY to ₹7,156 Cr. Tax expenses also increased 11.5% YoY to ₹2,706 Cr.

On the operational front, Jio’s subscriber base stood at 524.4 Mn at the end of the quarter, up 7.4% YoY, with net additions of 9.1 Mn users during Q4.

Average revenue per user (ARPU) rose about 4% YoY to ₹214 as data usage continued to surge. Total data traffic jumped 35% YoY to 66 exabytes, while per capita consumption stood at 42.3 GB per month.

The telco’s 5G rollout remained a key growth driver for the company, with its 5G subscriber base reaching 268 Mn. Notably, 5G now accounts for about 55% of total wireless data traffic.

During the quarter, Jio also highlighted strong engagement tailwinds from content and bundled offerings, including cricket-season packs and bundled OTT services, aimed at driving home broadband adoption.

For the full fiscal year FY26, Jio Platforms’ net profit rose 15% YoY to ₹30,053 Cr, while gross revenue increased 14.7% YoY to ₹1.72 Lakh Cr. EBITDA for the year came in at ₹76,255 Cr, up 18.8% YoY, with margins expanding to 51.9%.

Important to mention that Jio is currently working on a separate listing on the bourses. As per reports, Jio has appointed bankers like Morgan Stanley, JPMorgan, and Citigroup to manage the IPO, which could be India’s largest ever. The IPO may involve a 2.5% to 5% stake sale, potentially valuing the company around $170 Bn.

“I am happy to note that we are advancing steadily towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future… As we work to democratize access to AI tools and next-generation technology platforms, Jio is well placed to shape how India communicates, computes and consumes content in the years ahead,” RIL chairman Mukesh Ambani noted.

Overall, RIL’s net profit for the quarter declined 8.1% YoY to ₹20,616 Cr while gross revenue rose 13% YoY to ₹3.25 Lakh Cr.

Shares of RIL ended today’s trading session 1.15% lower at ₹1,327.65.

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