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Samir Arora Backs Jio Platforms as High-Conviction Stock
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CNBC TV18•18-10-2026, 13:01
Samir Arora Backs Jio Platforms as High-Conviction Stock
- •Helios Capital founder Samir Arora has endorsed Jio Platforms as a high-conviction stock, highlighting its massive scale, potential, and role in India's digital growth.
- •Jio disrupted the telecom market in 2016 with aggressive pricing, transforming into a comprehensive digital platform spanning mobile services, entertainment, broadband, and cloud solutions.
- •As of June 2026, Jio serves 533 million customers including 284.9 million 5G users, carrying nearly 60 percent of India's wireless data traffic.
- •Growth opportunities remain strong through user migration from 2G to 4G and 5G, fixed broadband expansion, and cross-selling digital services.
- •Jio reported robust FY26 financials with revenues of 1.46 lakh crore and a net profit of 30,049 crore, with IPO proceeds primarily aimed at reducing debt.
Key Questions Answered
Samir Arora considers Jio Platforms a high-conviction stock because of its massive scale, consistent growth potential, and the foundational digital network it built that powers India's new-age companies.
As of June 30, 2026, Jio had 533 million customers, including 284.9 million 5G users. For FY26, its revenue from operations reached 1.46 lakh crore, EBITDA grew 18.8% to 76,255 crore, and net profit rose 15% to 30,049 crore.
The proceeds from the Jio IPO are primarily expected to be used to repay 27,500 crore of borrowings at Reliance Jio Infocomm, helping transition the business towards a net-debt-free position.
