In its report titled ‘The gateway of digital India!’, Motilal Oswal projected a compound annual growth rate (CAGR) of 14 percent in Jio Platforms' consolidated revenue, 15 percent in reported EBITDA and 20 percent in net profit between FY26 and FY29.
The brokerage expects Jio Platforms to generate cumulative free cash flow of Rs 1.46 lakh crore over FY26-29 and achieve a net cash position by FY29, supported by improving profitability, moderating capital expenditure and IPO proceeds.
The brokerage estimates India's wireless telecom industry revenue will grow at a CAGR of around 10 percent to Rs 4 lakh crore by FY29.
The brokerage projects an 11 percent CAGR in Reliance Jio's wireless revenue and 13 percent in EBITDA over FY26-29.
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