Mukesh Ambani's Jio Platforms plans a massive IPO in India, fueled by strong investor demand for tech offerings like SpaceX. However, historical data suggests large IPOs can signal market peaks, raising concerns about liquidity and potential impacts on upcoming Indian listings.
Jio Platforms reported 13% YoY increase in Q4FY26 consolidated net profit to Rs 7,935 crore, with revenue up 13% to Rs 38,259 crore. EBITDA grew 18% to Rs 20,060 crore with margins expanding 230 bps to 52.4%. ARPU rose 3.8% to Rs 214, while subscriber base grew 7.4% to 524.4 million. Chairman Mukesh Ambani said the company is advancing steadily towards listing of Jio Platforms.
Reliance Industries' Q4 FY26 net profit declined 12.5% year-on-year to Rs 16,971 crore, impacted by the Middle East crisis affecting its oil and chemicals business. Despite this, revenue rose 13% to Rs 2.98 lakh crore, with strong contributions from digital services and retail. Jio Platforms reported a 13% profit increase to Rs 7,935 crore.
