Jio Platforms Q2 Results Preview: Shares of Jio Platforms, India’s second-largest company in terms of market capitalisation, will remain in focus as the company is expected to report its results on October 30 for the quarter ended September 30, shortly after its stock market listing.
On Wednesday, Jio Platforms made its stock market debut at a premium of over 21 per cent on the NSE and BSE following a record-breaking IPO subscription. The listing made it India’s second-most valuable company, behind Reliance Industries.
Jio Platforms Q2 Results Preview
Ahead of the Q2 FY27 results, ET Now estimates Jio Platforms’ revenue to increase 2.6 per cent quarter-on-quarter (QoQ) to Rs 35,100 crore, compared with Rs 34,200 crore in the previous quarter.
EBITDA is projected to rise 2.7 per cent QoQ to Rs 19,200 crore from Rs 18,700 crore. The EBITDA margin is expected to remain unchanged at 54.7 per cent.
Profit after tax (PAT) is estimated at Rs 7,400 crore, up 3.2 per cent from Rs 7,170 crore in Q1 FY27.
The expected revenue growth is likely to be supported by net subscriber additions, growth in average revenue per user (ARPU), home broadband expansion and one additional day in the quarter.
Jio Platforms ARPU Estimate
Jio Platforms’ ARPU is estimated to increase 1.1 per cent QoQ to Rs 218 in Q2 FY27, compared with Rs 215.6 in Q1 FY27. The company’s ARPU stood at Rs 214 in Q4 FY26, Rs 213.7 in Q3 FY26, Rs 211.4 in Q2 FY26 and Rs 208.8 in Q1 FY26.
The estimates project overall net subscriber additions of 8 million to 10 million during Q2 FY27. Wireless subscriber net additions are expected to reach 7.3 million.
Jio Platforms Dividend
Uncertainty over a potential dividend announcement by Jio Platforms remains, as the company has not indicated whether it will declare a dividend.
In its Red Herring Prospectus (RHP), Jio Platforms disclosed that it had not paid any dividend in the last three years. The document also stated that there was no guarantee the company would pay a dividend in the future.
“In terms of the Dividend Policy, the declaration and payment of dividend (including interim dividend), if any, will be at the discretion of the Board and will depend on a number of internal and external factors,” the RHP said.
What could drive the next phase of growth in Jio Platforms?
Brokerages expect Jio Platforms’ growth to be driven by telecom tariff hikes, rising average revenue per user (ARPU), subscriber additions, broadband expansion and increasing adoption of AI, cloud and digital services.
Motilal Oswal projects revenue CAGR of 14 per cent between FY26 and FY29, alongside improving profitability and free cash flow generation.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)