Stories
Jio Heads Into IPO With Stronger Cash Generation and Lower Leverage
M
Moneycontrol•11-10-2026, 11:10
Jio Heads Into IPO With Stronger Cash Generation and Lower Leverage
- •Jio Platforms Ltd is generating increased cash and reducing debt reliance ahead of its proposed initial share sale, with its net leverage ratio dropping from 0.88 times in FY24 to 0.36 times in FY26.
- •Revenue from operations rose from Rs 1.10 lakh crore in FY24 to Rs 1.47 lakh crore in FY26, while profit after tax grew from Rs 21,423 crore to Rs 30,049 crore.
- •Cash left over after capital expenditure surged significantly from Rs 1,449 crore in FY24 to Rs 42,071 crore in FY26, providing robust financial flexibility.
- •The company is shifting its focus from network expansion to monetizing its existing infrastructure, increasing average monthly revenue per user to Rs 214 in FY26.
- •Beyond Indian mobile services, Jio is expanding its home broadband footprint, developing proprietary 5G and pre-6G technology, and targeting overseas telecom markets.
Key Questions Answered
Jio Platforms is targeting an IPO window from October 21 to October 23, with the anchor book potentially opening on October 19 and shares likely listing on October 28.
The net leverage ratio of Reliance Industries Ltd’s digital arm, Jio Platforms, fell significantly from 0.88 times in FY24 to 0.36 times in FY26.
The proceeds from the fresh share issue are planned to be used partly to repay borrowings of Reliance Jio Infocomm Ltd (RJIL) and partly for general corporate purposes.
