Mumbai, India – Reliance Industries Ltd (RIL) announced a significant surge in its financial performance for the second quarter of fiscal year 2027 (Q2 FY27). The conglomerate reported a consolidated net profit of ₹25,548 crore, marking a robust 40.64% increase year-on-year (YoY) from ₹18,165 crore in the same period last year.
Revenue from operations for RIL also saw substantial growth, rising 28.57% YoY to ₹3,32,861 crore in Q2 FY27, compared to ₹2,58,898 crore in Q2 FY26. This strong performance underscores the company's diversified business strengths.
Jio Platforms Drives Digital Growth
RIL's digital services and telecommunications arm, Jio Platforms Ltd, contributed significantly to the group's results. Newly listed, Jio Platforms posted a consolidated quarterly revenue of ₹47,485 crore, an 11.3% increase YoY. Its quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 16.6% YoY to ₹21,879 crore, with margins improving by 250 basis points.
Jio reported double-digit revenue growth across its connectivity and digital services segments, at 11% and 16% respectively. The company's average revenue per user (ARPU) reached ₹218.8 during the quarter, reflecting strong monetization efforts.
Subscriber Milestones and Historic IPO
During Q2 FY27, Jio achieved critical subscriber milestones, expanding its 5G mobility subscriber base beyond 300 million and its fixed broadband subscriber base past 30 million. The total subscriber base for Jio now stands at 542.4 million, with 36 million net additions over the trailing 12 months.
Mukesh D Ambani, Chairman and Managing Director of RIL, highlighted a historic moment for the group:
"This week marked a historic moment in Reliance's value creation journey with Jio's record-setting listing on Indian bourses. With over 22x subscription, and strong listing appreciation, the issue has set multiple global benchmarks. JPL is now India’s second-largest company."
Jio completed its initial public offering (IPO) on October 28, 2026, raising ₹30,188 crore, making it the largest IPO in India's history to date. This successful listing demonstrates significant investor confidence in Jio's foundational strength and future growth prospects.