Jio Platforms Q1 profit rises 25% to Rs 7,110 crore as 5G, broadband user base grows
ADVERTISEMENT JPL's consolidated net profit stood at Rs 7,110 in the June quarter, up from Rs 5,698 crore a year earlier, and Rs 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 Rs 208.8 from Rs 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 Rs 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 Rs 33,986 crore.
ADVERTISEMENT Reliance Jio Infocomm, the telecom unit under JPL, reported an over 23% on-year growth in net profit for the June quarter at Rs 6711 crore, on revenue from operations of Rs 30,882, up nearly 17% on year. This compares with revenue of Rs 30,354 crore in FYQ425.Jio Infocomm, the country's top telecom operator, comprises the bulk of JPL's operations.
ADVERTISEMENT 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.
ADVERTISEMENT 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
ADVERTISEMENT 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.
(You can now subscribe to our ETMarkets WhatsApp channel)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
42 minutes ago
- Time of India
Demand to extend Kundannoor-Angamaly bypass to Kodungallur
Kochi: Aiming to decongest the key road stretch connecting Kodungallur and Angamaly, a fresh demand is being raised to extend the ongoing Kundannoor-Angamaly Bypass Road project on national highway (NH) 544 up to Kodungallur. Tired of too many ads? go ad free now Benny Behanan, MP, has approached Union minister of road transport and highways Nitin Gadkari with the demand to construct a six-lane highway connecting Kodungallur and Angamaly. The MP said that the minister promised a proper step on the demand. NHAI has begun land acquisition procedures for the bypass road of NH 544, from Kundannoor to Angamaly, and the processes are in the final stage. "Linking the proposed Kundannoor-Angamaly highway with Angamaly-Kodungallur Road by constructing a six-lane highway towards Kodungallur from Angamaly town will help reduce traffic congestion in Kochi city and its surrounding areas. If the six-lane highway is constructed, it will enable travellers from northern part of Kerala to reach Kochi airport and cargo vehicles to reach Vallarpadam container terminal without any hindrance and in a timely manner. Additionally, the project will contribute to commercial progress of these regions," said Behanan. The MP has demanded the Union minister to include the project, which costs around Rs 2,500 crore, in the Bharatmala project or the national highways development project. During his meeting with Gadkari, Behanan pointed out that NHAI authorities are turning a blind eye to the public demand for construction of flyovers or underpasses at Perambra, Muringoor, Chirangara and Koratti areas on NH 544 stretching from Angamaly to Thrissur. "As national highway authorities are not ready to consider the proposal yet, the stretch of highway is experiencing severe traffic congestion. The minister assured that a permanent solution will be provided for this issue," said the MP.


Time of India
43 minutes ago
- Time of India
Worker dupes acting school of 43L: FIR
Mumbai: The owner of an acting school has lodged a police complaint against his employee for misappropriating Rs 43 lakh. An FIR has been registered at Versova police station. In his complaint, owner of the school said that Prashant, hired as manager, managed the day-to-day work at the institute. Later, his brother, Pravin, was hired as an accountant. Police said Pravin had access to bank documents, debit/credit cards of the acting school owner, his wife and child. In 2023, the complainant noticed that not many students were enrolling for the course. He later learnt that Pravin had not cleared pending dues. Also, other dues for rent, electricity bills, credit card bills, stationery running into Rs 15 lakh were not cleared. Pravin switched off after which an FIR was registered on July 25. TNN You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai


Time of India
43 minutes ago
- Time of India
Kotak Mahindra Bank Q1 results: Profit slips 7% YoY; retail CV stress, high provisions weigh on earnings
Kotak Mahindra Bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, marking a significant drop from Rs 7,448 crore in the same period last year. The previous year's figure, however, included a one-time gain of over Rs 3,000 crore from the sale of a stake in its general insurance business, as per news agency PTI. Tired of too many ads? go ad free now On a standalone basis, the bank's net profit declined 7 per cent year-on-year to Rs 3,282 crore. The bank attributed the dip to a combination of falling core income—impacted by Reserve Bank of India (RBI) rate cuts—slower fee income growth, and elevated provisions. Net interest income (NII) rose 6 per cent to Rs 7,259 crore, supported by 14 per cent loan book growth, but this was offset by a contraction in the net interest margin (NIM), which slipped 37 basis points to 4.65 per cent. According to chief financial officer Devang Gheewala, the bank's income is highly sensitive to rate cuts, with over 60 per cent of its assets linked to the repo rate. He explained that while policy rate reductions affect yields immediately, deposit rates take longer to adjust, pressuring margins. Other income grew modestly by 5 per cent to Rs 3,080 crore. Gheewala noted that income will likely pick up once regulatory restrictions are lifted, allowing expansion in digital savings accounts and credit card issuance, as per PTI. Provisions more than doubled to Rs 1,200 crore. A significant portion of this was allocated for stress in the microfinance (MFI) segment and the retail commercial vehicle (CV) portfolio. 'The provisions for MFI business have peaked,' said MD and CEO Ashok Vaswani, as per PTI. He added that disbursements in this segment have resumed cautiously and are expected to accelerate in the latter half of the year. Fresh slippages rose to Rs 1,812 crore, up from Rs 1,358 crore a year earlier, pushing the gross non-performing assets (NPA) ratio up to 1.48 per cent from 1.39 per cent. Tired of too many ads? go ad free now Gheewala said that nearly 35 per cent of the new slippages originated from the retail CV portfolio. As per PTI, deputy managing director Shanti Ekambaram explained that the smaller CV operators, those with fleets under 10 vehicles, are struggling due to weak demand in goods transport, pricing pressures, and delayed payments from government contracts. However, she added that other retail loan segments, including home and personal loans, are performing well. On the housing front, Ekambaram described the lending market as not only competitive but 'irrational' in pricing. Despite this, the bank is aggressively pursuing the segment due to the long-term value and customer retention it offers. Kotak's capital adequacy ratio remains strong at 23 per cent, with a core capital buffer exceeding 21 per cent. Vaswani said the bank aims to grow its book at 1.5 to 2 times the nominal GDP growth of India. Subsidiaries contributed more than one-third of the group's profits. Kotak Securities reported a profit of Rs 465 crore, up from Rs 400 crore last year. The asset management and life insurance arms more than doubled their net profits to Rs 326 crore and Rs 327 crore, respectively.