Jio Platforms (JPL) Q4 25/26 earnings summary

Executive summary

• FY2025-26 consolidated revenue rose 14.7% YoY to ₹1,46,885 crore; EBITDA increased 18.8% to ₹76,255 crore, with margin expanding to 51.9% from 50.0%.

• Growth was supported by subscriber additions, ARPU improvement, home broadband connections and digital services; the network served 524.4 million subscribers at March 2026.

• Consolidated profit after tax reached ₹30,049 crore; net profit attributable to owners was ₹30,064 crore, crossing the ₹30,000 crore milestone.

Financial highlights

• Consolidated revenue from operations was ₹1,46,885 crore versus ₹1,28,218 crore; EBITDA was ₹76,255 crore versus ₹64,170 crore in FY2024-25.

• Consolidated profit before tax rose to ₹40,353 crore from ₹35,127 crore; profit after tax was ₹30,049 crore versus ₹26,109 crore.

• Standalone revenue from operations increased 36.2% YoY to ₹16,167 crore and EBITDA rose 33.8% to ₹2,583 crore.

• Consolidated operating cash flow was ₹77,556 crore, up from ₹68,156 crore; investing cash outflow was ₹43,591 crore versus ₹63,726 crore.

Outlook and guidance

• Continued growth in mobility and fixed broadband, alongside a subscriber base above 524 million and nationwide distribution, is expected to support sustained value creation.

• Digital services strategy targets broader AI access for consumers and enterprises, using multilingual, voice-first services and planned multi-gigawatt AI-ready data-centre infrastructure.

• Broadband ambition is to connect 100 million homes through broadband offerings bundled with digital TV and on-demand entertainment.