Reliance Jio Q1FY26 net profit up nearly 25% on year
Jio Platforms Ltd
(JPL), which houses Reliance Industries' telecom and digital businesses, posted a nearly 25% year-on-year rise in fiscal first quarter net profit, boosted by continued addition of data users.
JPL's consolidated net profit stood at ₹7,110 in the June quarter from ₹5,698 crore a year earlier, and ₹7,022 crore crore in the previous three months, the Mukesh Ambani-owned company said in a statement Friday.
'I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million
5G subscribers
and 20 million home connections. Jio AirFiber is now the largest FWA (fixed wireless access) service provider in the world, with a base of 7.4 million subscribers,' said
Mukesh Ambani
, chairman and managing director, Reliance Industries, the parent of JPL.
During the quarter, Jio reached 20 million connected premises with fixed broadband, up from 17.4 million in the preceding quarter. Its FWA subscriber base touched 7.4 million - the largest number of any global telecom operator. This was driven by its self-developed multi-point UBR technology which enables multiple home connections through a single 5G cell site, bringing down deployment costs. The company also fulfilled its target of 1 million home connections in a quarter - for the first time - during Q1FY26, it said. The telco has set a target of connecting 100 million homes across the country.
Jio's average revenue per user (ARPU) rose 1.3% sequentially to ₹208.8 from ₹206.2 in FY4Q25, with the strong addition of FWA users and the residual impact of last July's tariff hikes.
Mukesh Ambani-owned Jio reported a 19% on-year growth in revenue from operations at ₹35,032 crore for the just-ended quarter, reflecting continued data usage and ramp-up of 5G-based FWA services. Revenue in the fiscal fourth quarter was ₹33,986 crore.
Reliance Jio
Infocomm, the telecom unit under JPL, reported an over 23% on-year growth in net profit for the June quarter at ₹6711 crore, on revenue from operations of ₹30,882, up nearly 17% on year. This compares with revenue of ₹30,354 crore in FYQ425.
Jio Infocomm, the country's top telecom operator, comprises the bulk of JPL's operations.
During the three-month period, Jio gained 9.9 million users, boosting its overall base to 498.1 million, as the telco continued to gain users mainly from Vodafone Idea and state-run Bharat Sanchar Nigam Ltd. (BSNL).
The company had taken the lead in raising tariffs by 12-25% for most of its users with the aim of shoring up ARPU due to the lack of monetisation of 5G services so far where the company has made large investments in buying airwaves and rolling out a pan-India 5G network.
It ended the quarter with 212 million 5G subscribers (versus 191 million in January-March).
'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed
broadband. This will be pivotal in driving AI adoption in the country,' said Akash Ambani, chairman, Reliance Jio.
JPL's FY1Q earnings before interest, tax, depreciation and amortisation (Ebitda) margin expanded to 518% sequentially from 50.1% in the fiscal fourth quarter and 49.7% a year ago.
Per capita data consumption grew to 37 GB per month at June end, from 33.6 GB per month at March-end, due to an expansion of Jio's 5G services and increased consumption by fibre-to-home users.
Total wireless data consumption rose to 54.7 billion GB from 48.8 billion GB in the preceding quarter, while voice consumption remained flat at 1.49 trillion minutes.
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