Jio Platforms Ltd
Incorporated in November 2019, JPL is the parent entity
of RJIL. RIL holds 66.43% stake in JPL. The company
has created an ecosystem, comprising networks, devices, applications and content to provide seamless services. Along with RJIL, JPL has investments in digital technology, including artificial intelligence, online education and digital media and content[1]
- Market Cap ₹ 12,85,168 Cr.
- Current Price ₹ 1,396
- High / Low ₹ 1,490 / 1,356
- Stock P/E 41.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 9.41 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 8.73% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 73,503 | 81,587 | 109,558 | 128,218 | 146,885 | |
| Sales growth | +11% | +17% | +15% | ||
| 42,139 | 43,090 | 55,170 | 65,112 | 73,484 | |
| Operating Profit | 31,364 | 38,497 | 54,388 | 63,107 | 73,401 |
| OPM % | 43% | 47% | 50% | 49% | 50% |
| 1,055 | 664 | 603 | 1,086 | 2,862 | |
| Interest | 3,906 | 4,435 | 4,080 | 4,928 | 8,661 |
| Depreciation | 11,702 | 13,889 | 22,103 | 24,138 | 27,249 |
| Profit before tax | 16,811 | 20,837 | 28,808 | 35,127 | 40,353 |
| Tax % | 25% | 26% | 26% | 26% | 26% |
| 12,534 | 15,487 | 21,423 | 26,109 | 30,049 | |
| EPS in Rs | 14.04 | 17.33 | 23.96 | 29.21 | 33.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | % |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | % |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 8,932 | 8,939 | 8,939 | 8,939 | 8,939 | 8,939 |
| Reserves | 212,018 | 228,303 | 269,347 | 296,108 | 327,038 | 343,367 |
| 11,498 | 42,986 | 67,111 | 85,696 | 84,669 | 69,351 | |
| 59,727 | 82,952 | 194,132 | 190,450 | 194,895 | 201,819 | |
| Total Liabilities | 292,175 | 363,180 | 539,529 | 581,193 | 615,541 | 623,476 |
| 178,290 | 224,582 | 237,156 | 361,032 | 478,988 | 307,572 | |
| CWIP | 40,207 | 74,610 | 235,144 | 132,221 | 29,906 | 16,638 |
| Investments | 10,851 | 8,763 | 6,037 | 22,664 | 30,420 | 37,102 |
| 62,827 | 55,225 | 61,192 | 65,276 | 76,226 | 262,164 | |
| Total Assets | 292,175 | 363,180 | 539,529 | 581,193 | 615,541 | 623,476 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 33,527 | 32,337 | 57,662 | 68,156 | 77,556 | |
| -36,887 | -49,507 | -56,584 | -63,726 | -43,592 | |
| -3,427 | 17,093 | 379 | 1,093 | -25,419 | |
| Net Cash Flow | -6,787 | -77 | 1,457 | 5,523 | 8,546 |
| Free Cash Flow | 4,364 | -685 | 4,152 | 23,888 | 43,372 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 107% | 85% | 106% | 108% | 106% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 6 | 21 | 10 | 7 | 6 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 6 | 21 | 10 | 7 | 6 |
| Working Capital Days | -46 | -82 | -131 | -143 | -94 |
| ROCE % | 10% | 11% | 12% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of the discussion on the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 2026, …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2FY27 analyst meet on September 30, 2026 results released on October 31, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Please find attached presentation on the Unaudited financial results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q2 FY27 revenue ₹47,485 crore, EBITDA ₹21,879 crore; IPO completed, shares listed on NSE/BSE.
-
Unaudited Financial Results (Consolidated And Standalone) For The Quarter And Half Year Ended September 30, 2026.
- Jio Platforms reported Q2/H1 FY27 results; shares listed on NSE/BSE after IPO on 28 Oct 2026.
Concalls
-
Nov 2026Transcript PPT REC
Business Overview:[1]
Jio Platforms Ltd (JPL) holds Reliance Industries' telecom
and digital services businesses. Its wholly owned subsidiary, Reliance Jio Infocomm (RJIL), runs the mobile and home broadband business, while JPL handles digital services, technology platforms and enterprise solutions.