Jio Platforms Ltd, which houses Reliance Industries Ltd’s telecom and digital services businesses, is scheduled to report its financial performance for the September quarter (Q2 FY27) on Friday, October 30. This will be its first earnings announcement since its stock market listing on Wednesday.
Reliance Jio is India’s largest telecom operator by market share and a subsidiary of Jio Platforms, accounting for most of the latter’s business.
In the July-September quarter, Jio is expected to post nearly 2% quarter-on-quarter ARPU growth to ₹219.5, according to average estimates from four brokerage firms.
Analysts expect the ₹300 Jio Prime membership fee introduced in August, which protects users from tariff hikes until 5 September 2027, to provide additional revenue support in the interim.
Jio Platforms posted 9.2% year-on-year growth in net profit to ₹7,764 crore during the quarter. However, profit declined 2.15% sequentially due to higher finance costs and depreciation expenses as its 5G network assets became operational.