🚀 Business & Startups🇮🇳 India
Jio Platforms Posts ₹7,764 Cr Profit, Files for IPO with SEBI
mint - companies·Sunday, 19 July 2026
Jio Platforms, Reliance's telecom arm, reported a consolidated profit of ₹7,764 crore in Q1 FY27, up 9.2% year-on-year. Earnings grew 15% YoY, driven by subscriber additions, broadband momentum, and two extra billing days. The company also filed its draft red herring prospectus with SEBI ahead of a potential ₹32,000–35,000 crore IPO.
Why It Matters
Jio is used by hundreds of millions of Indians. Its IPO would be one of the largest in Indian stock market history and could be a landmark moment for retail investors.
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