Reliance Jio's Q1 profit surge lifts shares, drives market rally and streaming growth

Reliance Jio's parent, Jio Platforms Ltd., reported FY27 Q1 results with net profit rising 9.2% YoY to ₹7,764 crore and revenue crossing ₹45,960 crore, a 12% increase. EBITDA grew 15.1% to ₹20,865 crore and ARPU reached ₹215.6 per month. Jio Financial Services posted a consolidated net profit of ₹830 crore, up 156% YoY, with revenue tripling to ₹2,004 crore and assets under management climbing to ₹30,667 crore. Following the earnings, Jio Financial shares jumped 4–6% and the broader market rallied, with the Sensex gaining about 965 points and the Nifty crossing 24,300, spurred by strong IT buying.

The JioStar media arm posted a record‑breaking quarter, generating INR 10,946 crore ($1.14 billion) in revenue, a 14% YoY rise, and reporting 530 million monthly active users on its streaming platform. The Indian Premier League attracted a combined 1.2 billion viewers, 700 million of them digitally, cementing JioStar’s position as the top‑watched T20 tournament.

Overall, the suite of results underscores Reliance Jio’s expanding footprint across telecom, financial services, and digital entertainment, driving both investor enthusiasm and broader market momentum in India.