Jio Platforms, the digital arm of Reliance Industries, has reported regular progress for the January to March quarter of 2026 monetary yr, supported by rising subscriber numbers and elevated information utilization.

Internet revenue rose 13% year-on-year to Rs 7,935 crore, whereas income from operations elevated 12.6% to Rs 38,259 crore.

Nonetheless, larger financing prices linked to the corporate’s funding in 5G spectrum weighed on profitability. Finance prices rose sharply through the interval, limiting total earnings progress.

Its efficiency was pushed by “strong subscriber addition, larger common income per consumer (ARPU) and continued progress in digital companies,” the corporate stated.

Jio’s working revenue, measured by EBITDA, rose 17.9% from a yr earlier to Rs 20,060 crore. 

For FY26, gross income rose 12.7% to Rs 1.72 lakh crore, whereas income from operations stood at Rs 1.46 lakh crore.

“I’m blissful to notice that we’re advancing steadily in the direction of the itemizing of Jio Platforms. This may mark a defining milestone in its journey because it continues to scale new heights and contribute to India’s digital future,” stated Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Restricted.

“As we work to democratize entry to AI instruments and next-generation expertise platforms, Jio is effectively positioned to form how India communicates, computes and consumes content material within the years forward,” he added.

Subscriber progress and 5G growth

Reliance Jio continued so as to add prospects, with its subscriber base reaching 524.4 million (52.44 crore) after internet additions of 9.1 million (91 lakh) through the quarter.

The corporate’s 5G rollout remained central to its progress technique. Its 5G consumer base expanded to 268 million (26.8 crore), with the expertise now accounting for greater than half of its wi-fi information visitors.

Information consumption additionally surged, with whole visitors rising sharply in contrast with a yr earlier, pushed by elevated consumer engagement.

Broadband and digital companies

Jio reported continued traction in its residence broadband enterprise, the place it holds a market share of 43%. Its mounted broadband subscriber base reached 27.1 million (2.71 crore), with its AirFiber service contributing considerably to new additions.

Common income per consumer rose modestly to Rs 214 per 30 days, reflecting larger engagement and an improved subscriber combine. The corporate famous that promotional 5G affords and the absence of tariff will increase continued to restrict stronger positive factors.

Rival operators proceed to report larger Arpu ranges, with Bharti Airtel at Rs 259 and Vodafone Concept at Rs 172 within the earlier quarter.

Jio Platforms is getting ready for a inventory market debut anticipated by mid-2026, in what may very well be one in every of India’s largest listings.

Reliance Jio, India’s largest telecom operator by market share, stays the first driver of Jio Platforms’ enterprise. On a standalone foundation, it reported income progress of 11.2% year-on-year and internet revenue progress of 10.2% through the quarter.