




Jio Plaforms Q3 preview: Monetization in focus as 5G buildout eases, Arpu gains steady
Subscribe to enjoy similar stories. NEW DELHI: Telecom operator Reliance Jio Infocomm is entering a transition phase, shifting from heavy network expansion to a focus on monetisation and cash flow generation. As its parent Jio Platforms prepares for a potential mid-2026 listing, analysts see the December quarter (Q3FY26) as a period of consolidation—marked by steady subscriber additions, incremental average revenue per user improvement, and the gradual rollout of paid 5G use cases, led by fixed wireless access (FWA).
Jio Platforms and its parent Reliance Industries Ltd (RIL) are set to report their quarterly results on Friday, 16 January. For Q3FY26, Jio Platforms, which houses RIL’s telecom and digital services businesses, is expected to report a 2.7% sequential and 12.8% year-on-year (YoY) rise in revenue from operations to about ₹37,295 crore, according to Morgan Stanley. In the September quarter, Jio had posted a 3.7% sequential growth in consolidated revenue to ₹36,332 crore and a net profit of ₹7,375 crore.
On a standalone basis, telecom arm Reliance Jio Infocommis expected to report a 2.5% sequential and 11% YoY increase in revenue from operations to ₹32,650 crore, according to average estimates of four brokerage firms. Net profit is projected to rise 2% sequentially and 10% on year to ₹7,111 crore, with growth constrained by higher finance costs linked to earlier 5G investments and increased depreciation expenses. Reliance Jio is India’s largest telecom operator by market share and accounts for most of Jio Platforms' business.
Read on livemint.com