Jio Platforms's profit jumps 11% as IPO nears
Jio Platforms, Reliance Industries's digital arm, posted an 11.2% jump in net profit for Q3 FY26, hitting ₹7,629 crore.
Revenue climbed 12.7% year-on-year to ₹37,262 crore.
This strong performance comes just months before Jio's much-anticipated IPO set for mid-2026.
What does the company do?
Jio Platforms runs Reliance's telecom and digital services—think mobile networks and Jio Airfiber broadband (the first fixed wireless service globally to cross 10 million users).
The company is known for rolling out tech built in-house and making high-speed internet more accessible across India.
What's driving the growth?
Growth was fueled by more people joining (8.9 million new subscribers this quarter) and higher average revenue per user (ARPU), which reached ₹213.7 thanks to rising data use and upgrades to 4G/5G plans.
With a total user base now at 515 million+, another tariff hike is expected around June-July 2026—so keep an eye out if you're a Jio customer!