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Jio Prepares for India's Largest IPO with Massive Financial Growth
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News18•12-10-2026, 16:08
Jio Prepares for India's Largest IPO with Massive Financial Growth
- •Jio Platforms net debt-to-equity ratio dropped significantly from 0.88 in FY24 to 0.36 in FY26.
- •Free cash flow after capital expenditures surged dramatically from Rs. 1,449 crore in FY24 to Rs. 42,071 crore in FY26.
- •Operational revenue increased from Rs. 1.10 lakh crore to Rs. 1.47 lakh crore, while Profit After Tax reached Rs. 30,049 crore.
- •The Jio Platforms IPO is expected to open on October 21 and list on the stock exchange on October 28.
- •Jio dominates the home broadband segment with 27.1 million customers, capturing a 42.6% market share.
Key Questions Answered
The Jio Platforms IPO is expected to open on October 21 and list on the stock exchange on October 28, 2026.
Jio Platforms' net debt-to-equity ratio significantly dropped from 0.88 in fiscal year 2024 (FY24) to 0.36 in fiscal year 2026 (FY26).
A portion of the funds raised will be used for general corporate requirements, which includes prepaying or repaying borrowings of its material telecom subsidiary, Reliance Jio Infocomm.
