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Samir Arora Backs Jio as a High-Conviction Stock Fueled by Digital Growth
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Moneycontrol•16-10-2026, 15:04
Samir Arora Backs Jio as a High-Conviction Stock Fueled by Digital Growth
- •Helios Capital founder Samir Arora views Jio as a high-conviction stock offering reasonable returns, supported by its massive scale and India's rapid digital growth.
- •Jio has evolved from a disruptive 2016 telecom entrant into a comprehensive digital platform spanning mobile services, home broadband, entertainment, and cloud solutions.
- •As of June 2026, Jio served 533 million customers, including 284.9 million 5G users, carrying nearly 60% of India's wireless data traffic in FY26.
- •Future growth opportunities include monetizing extensive reach, migrating remaining 2G users to 4G and 5G networks, and expanding fixed broadband and digital services.
- •Jio Platforms reported robust FY26 financial results with revenue of Rs 1,46,885 crore and a net profit of Rs 30,049 crore.
Key Questions Answered
Samir Arora views Jio Platforms as a high-conviction stock offering reasonable returns, supported by its immense scale and central role in driving India's digital economy growth.
In FY26, Jio Platforms reported revenue from operations of Rs 1,46,885 crore, which is a 14.6% increase year-on-year. Its EBITDA rose by 18.8% to reach Rs 76,255 crore, while net profit grew 15% to stand at Rs 30,049 crore.
The proceeds from Jio's initial public offering are primarily expected to be utilized to repay up to Rs 27,500 crore of borrowings at Reliance Jio Infocomm, helping the business move towards a net-debt-free position.
