Reliance Jio Platforms (the digital and telecom arm of Reliance Industries) reported its Q4 FY2025-26 results on Friday, April 24, 2026. The company posted a net profit of ₹7,935 crore, marking a 13% year-on-year (YoY) increase, driven by robust 5G adoption and a growing fixed broadband base.
While Jio’s performance was a bright spot, the parent company, Reliance Industries (RIL), saw a 12.5% decline in consolidated net profit to ₹16,971 crore, primarily due to margin pressures in its energy (O2C) business.
1. Jio Platforms: Q4 FY26 Financial Highlights
Jio’s growth this quarter was characterized by “premiumization” and high data engagement rather than tariff hikes.
| Metric | Q4 FY2025-26 Performance | Change (YoY) |
| Net Profit (PAT) | ₹7,935 Crore | ▲ 13.0% |
| Gross Revenue | ₹44,928 Crore | ▲ 12.7% |
| EBITDA | ₹20,060 Crore | ▲ 17.9% |
| EBITDA Margin | 52.4% | ▲ 200 bps |
| ARPU (Monthly) | ₹214 | ▲ 3.8% |
- ARPU Growth: Average Revenue Per User (ARPU) rose to ₹214 (up from ₹206 last year), aided by a better subscriber mix and high-speed data usage, though the lack of a formal tariff hike kept growth modest.
- Full-Year Milestone: For the entire FY26, Jio Platforms reported a net profit of ₹30,053 crore on revenue of ₹1.72 trillion.
2. 5G and Data Dominance
Jio’s transition to a 5G-first network is now the primary engine of its operational growth.
- 5G Subscriber Base: Reached 268 million by March 2026. Remarkably, 5G now accounts for 55% of Jio’s total wireless data traffic.
- Data Consumption: Per capita data consumption continues its upward trajectory, reaching an average of 42.3 GB per month. Total data traffic for the quarter surged 35% YoY to 66 Exabytes.
- Total Base: The overall subscriber base crossed 524 million, cementing Jio’s position as the world’s largest mobile data operator.
3. Fixed Broadband & Jio AirFiber
The home broadband segment emerged as a significant secondary revenue pillar this fiscal year.
- Market Leadership: Jio now holds a 43% market share in India’s fixed broadband market with 27.1 million subscribers.
- AirFiber Momentum: Jio AirFiber has scaled to 13 million subscribers, driving over 75% of all new fixed broadband additions for the company during the year.
4. Road to IPO (Mid-2026)
Chairman Mukesh Ambani noted during the results that the company is “advancing steadily towards the listing of Jio Platforms.”
- Timeline: Analysts expect the Jio IPO to occur by mid-2026.
- Valuation Support: The steady improvement in EBITDA margins (now at 52.4%) and the massive 5G footprint are seen as critical factors to support a high valuation in the public markets.
- Tariff Outlook: Market experts anticipate a 15–20% tariff hike across the industry shortly after the IPO to further boost ARPU and return on capital.