CONNECT WITH US
Tech

Tech

Jio Platforms Q2 Profit Rises 14% YoY To ₹8,387 Cr, Revenue Up 11%

Inc42 - All News logo

Published on

Add as a preferred source on Google
Jio Platforms Q2 Profit Rises 14% YoY To ₹8,387 Cr, Revenue Up 11%

Recently listed Jio Platforms reported a net profit of ₹8,387 Cr in Q2 FY27, a 13.7% increase from ₹7,379 Cr in the year-ago quarter. Sequentially, net profit grew 8.0% from ₹7,764 Cr in Q1 FY27.

Operating revenue grew 11.4% YoY and 3.3% QoQ to ₹40,475 Cr in the quarter under review. 

Jio Platforms’ other income jumped 49.5% YoY to ₹978 Cr. Including this, total income increased to ₹41,453 Cr from ₹36,986 Cr in Q2 FY26.

Total expenses increased 11.6% YoY to ₹30,194 Cr. Network operating expenses, its largest expense head, increased 3.3% to ₹8,813 Cr from ₹8,528 Cr.

The company incurred ₹2,872 Cr in tax expenses in Q2, comprising ₹30 Cr in current tax and ₹2,842 Cr in deferred tax. With no exceptional items, its total comprehensive income for the quarter amounted to ₹8,509 Cr. \



Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.