Reliance Jio’s Q1 profit jumps 24.8% to ₹7,110 crore on improving margins and strong subscriber growth

Reliance Industries Limited said on Friday that Jio Platforms’ first-quarter net profit increased 24.8% year-on-year to ₹7,110 crore, on the back of improved margins and a strong subscriber growth in the quarter, with revenue rising 18.8% year-on-year to ₹41,054 crore.

The first quarter was a milestone quarter for Jio Platforms, with subscribers to its 5G network crossing 200 million, and about 20 million users with fixed broadband. In an investor presentation, the company flagged that supply of fixed broadband is constrained due to limited scalable options.

It also announced that JioAirFiber has now become the largest fixed wireless access (FWA) service in the world, with a subscriber base of nearly 7.4 million. “Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country,” said Akash Ambani, chairman, Reliance Jio Infocomm, in a statement.

As of June, Jio’s 5G user base stands at 213 million users. According to the company, the large-scale adoption of Jio’s True5G network has been driven by Jio’s own, end-to-end 5G stack, featuring a cloud-native core network, which the company now believes is ready to be introduced to global markets. Jio’s Average Revenue Per User (ARPU) for the quarter increased 14.9% year-on-year to ₹208.8 per subscriber per month. Its per capita data consumption stood at an industry-leading 37 GB per month. The total data traffic growth increased 24% year-over-year in the first quarter. Jio added 9.9 million subscribers in the quarter.

“Our Digital Services business consolidated its market position with a robust financial and operational performance. Through its differentiated offerings across mobility, broadband, enterprise connectivity, cloud and smart homes, Jio has positioned itself as the technology partner of choice for Indian consumers,” said Mukesh Ambani, chairman and managing director, Reliance Industries, in a statement.

The oil-to-telecom conglomerate also stated that JioHotstar delivered the largest IPL season in its history, with more than 652 million digital viewers—a 28% increase from the year-ago period—and a peak concurrent viewership of 55.2 million during the 2025 IPL final, surpassing the previous IPL record of 35.9 million. JioStar (post the Reliance-Disney-Star merger) raked in record revenues of ₹11,222 crore, largely driven by a successful IPL season.

On the digital entertainment front, JioHotstar achieved its highest-ever monthly entertainment viewing time. The latest Season of ‘Criminal Justice’ had the strongest opening for any OTT original in 2025, according to Ormax Media. JioStar, its TV operations, consolidated its market position in entertainment television with a market share of 35.5%. “We will continue to enhance our suite of offerings across genres to cater to the discerning Indian audience,” said Mukesh Ambani in a statement.

The strong performance comes at a time when RIL is focusing on its entertainment business to have global aspirations. According to Jyoti Deshpande , President of Media and Content Business at RIL, the intent is to rub shoulders with the likes of Paramount, Walt Disney, Peacock, Lionsgate, and MGM. “It would be a combination of organic and inorganic collaborations,” she had told Fortune India earlier.