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Reliance Jio's ARPU rises to Rs 215.6 as subscriber base crosses 533 million in Q1FY27

  • On Friday, July 17, 2026, Reliance Industries Ltd reported record quarterly revenue up 25.4% to Rs 3.12 lakh crore, though consolidated net profit fell 22% to $20,946 crore compared to the previous year.
  • The year-on-year profit decline reflects the absence of a one-time Rs 8,924 crore gain from the sale of Asian Paints shares recorded in the June quarter of FY26, which flattened the comparison.
  • Core earnings in the oil-to-chemicals business rose 17.2%, while Jio Platforms reported record EBITDA of Rs 20,865 crore, a 15.1% increase, supported by a subscriber base exceeding 533 million.
  • Filing its draft red herring prospectus with markets regulator Sebi, Jio Platforms formally initiated the process for what is anticipated to be one of India's largest-ever public listings.
  • Chairman Mukesh Ambani said he is "confident in the underlying strength of our businesses" and "reason to be optimistic about the year ahead" as Reliance moves toward new energy commissioning and the Jio listing.
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Moneycontrol broke the news in Mumbai, India on Friday, July 17, 2026.
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