From The Economic Times · Ranjit Shinde · · 1m 10s
Jio Platforms IPO Growth for High-Risk Investors
Jio Platforms IPO offers valuation comfort for high-risk investors despite industry challenges.
In brief
Jio Platforms IPO offers valuation comfort for high-risk investors despite industry challenges. Jio Platforms IPO provides valuation comfort relative to Bharti Airtel for high-risk investors with 533 million customers and 53% 5G subscribers. Originally reported by The Economic Times.
Jio Platforms IPO Details
Jio Platforms IPO offers valuation comfort relative to Bharti Airtel for high-risk investors with 533 million customers and 53% 5G subscribers.
Promoter Stake Reduction
The promoter stake will fall to 64.4% after the IPO from 66.4%.
Jio's Market Position
Jio Platforms carries over 60% of India's wireless data traffic in FY26 with 284.9 million 5G subscribers.
Financial Performance
Jio Platforms revenue increased 15.8% annually to ₹1,46,885.3 crore between FY24 and FY26.
Profitability Metrics
Jio Platforms net profit rose 18.4% annually to ₹30,049 crore during FY24 to FY26.
ARPU Comparison
Jio's monthly average revenue per user (ARPU) at ₹215.6 trails Bharti Airtel's ₹263.9 (India business) as of June 2026 quarter.
Ebitda Margin
Jio's Ebitda margin range of 50-53% lags 56-57% range for the closest peer Bharti Airtel.
Valuation Metrics
Jio Platforms demands a price-earnings multiple of 34.3 on FY26 earnings and 33.2 on annualised June 2026 quarter earnings.
The bottom line
Jio Platforms IPO provides valuation comfort relative to Bharti Airtel for high-risk investors with 533 million customers and 53% 5G subscribers.
