Jio Platforms posts first-ever sequential profit dip as 5G costs bite ahead of landmark IPO
Jio Platforms logged its first quarterly net profit decline (-2.16% QoQ to Rs 7,764 crore) in Q1 FY27, weighed by 5G rollout costs, even as revenue rose 2.39% to Rs 39,713 crore. Subscribers hit 533.3M with ARPU at Rs 215.6. The company filed its DRHP with SEBI, earmarking Rs 27,500 crore for debt prepayment.
Jio Platforms reported its first-ever sequential net profit decline (-2.16%) in Q1 FY27 due to 5G rollout costs, while revenue rose 2.39%. It filed its DRHP with SEBI ahead of a landmark IPO, with Rs 27,500 crore earmarked for debt prepayment.