Jio Platforms reports 13.7% profit jump as shares soar 28% post‑debut

Jio Platforms posted a 13.7% rise in Q2FY27 consolidated net profit, reaching ₹8,389 crore, in its first earnings report since the $3.2 billion market debut. The Reliance Industries‑backed digital services firm saw its shares surge nearly 28% after listing on October 28, 2026. On the BSE the stock rose 27.89% to ₹1,431.20, while on the NSE it gained 27.90% to ₹1,431.30, both well above the issue price of ₹1,119. The company’s market valuation jumped by ₹12,754.51 crore to ₹13,17,996.49 crore in three days, placing Jio Platforms as the second‑largest Indian firm by market cap behind Reliance Industries, which stands at ₹15,74,578.54 crore. The IPO was priced at ₹1,119 per share, but opened at ₹1,358, a 21.36% premium, and closed the listing day nearly 27% higher. On Friday, October 30, the shares ended 0.57% higher at ₹1,431.20 on the BSE and 0.68% higher at ₹1,431.30 on the NSE. The ₹30,213 crore offering attracted bids 22.19 times the shares on offer, with total demand crossing ₹7.4 lakh crore and 1.39 crore applications, and was fully subscribed within 100 minutes, marking the fastest‑subscribed mega public issue in India.

Context

Jio Platforms is a digital services arm of Reliance Industries, and its strong debut reflects investor confidence in India’s telecom and tech sector. The rapid subscription and price jump highlight the high demand for large‑scale listings in the Indian market.