JPL's operating profit reaches Rs 20,901 cr as 5G base hits 300 million
Consolidated earnings were driven by operations, while management highlighted Jio's 5G scale and its enterprise security offering.
Filed 30 Oct 2026, 21:03 IST · after market close · JPL (JPL)
Key takeaways
- Operating profit of Rs 20,901 cr was the main earnings engine, while Rs 7,611 cr of depreciation and Rs 3,009 cr of interest shaped profit before tax of Rs 11,259 cr.
- Management said Jio's 5G customer base reached approximately 300 million in Q2FY27.
- The company reported consolidated EPS of Rs 9.38 after a 25.51% tax rate.
Operating profit carries the quarter
JPL's consolidated operating profit of Rs 20,901 cr was generated on revenue of Rs 40,475 cr, making operating activity the central earnings driver. Other income was Rs 978 cr, well below operating profit, so reported profitability was not primarily dependent on non-operating income. Depreciation of Rs 7,611 cr and interest of Rs 3,009 cr were the main charges between operating profit and profit before tax.
Jio combines 5G scale with new enterprise products
Management said Jio's 5G customer base reached approximately 300 million during Q2FY27. The company said it offers enterprise capabilities including Quantum Safe SD-WAN and Unified Threat Security. Management also said Jio aims to reach underserved small businesses through JioAirFiber.
Results were filed after market close
JPL filed these consolidated Q2FY27 results after market close on 30 October 2026. There is no immediate market reaction to assess, and the available disclosures do not provide a year-on-year or sequential comparison.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹40,475 cr |
| Other income | ₹978 cr |
| Expenses | ₹19,574 cr |
| Operating profit | ₹20,901 cr |
| Operating margin (%) | 51.64% |
| Interest | ₹3,009 cr |
| Depreciation | ₹7,611 cr |
| Profit before tax | ₹11,259 cr |
| Tax | ₹2,872 cr |
| Net profit | ₹8,387 cr |
| EPS (₹) | ₹9.38 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Jio's 5G customer base reached approximately 300 million in Q2 FY27.
Guidance & outlook
- Jio aims to reach underserved small businesses through JioAirFiber.
New initiatives
- Jio offers enterprise capabilities including Quantum Safe SD-WAN and unified threat security.
What to watch
- Whether consolidated operating margin holds above 51.64% in the next reported quarter.
- Whether interest and depreciation remain below the Rs 20,901 cr operating-profit base.
- Whether Jio's 5G customer base moves beyond approximately 300 million.