Financials
Jio Platforms reports 23 per cent surge in Q2 profit amid tariff hikes
Mumbai: Jio Platforms Limited (JPL) has announced a robust 23.4 per cent year-on-year increase in net profit for the second quarter of FY25, reaching Rs 6,539 crore. This growth is primarily attributed to recent tariff hikes and a boost in digital service demand.
Jio solidified its dominance in 5G, transitioning 148 million users to its ‘True5G’ network, which now handles 34 per cent of the company’s wireless data traffic. The telecom giant’s subscriber base expanded to 479 million, showing a 4.2 per cent increase from the previous year. Average revenue per user (ARPU) climbed to Rs 195.1, up 7.4 per cent from the last quarter. “The full impact of the tariff hike will flow through in the next two to three quarters,” the company stated, indicating that the financial benefits of its pricing strategy are still unfolding.
Revenue from operations surged by 18 per cent year-on-year to Rs 31,709 crore, driven by both the tariff adjustments and the expansion of home and digital services. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached a record Rs 15,931 crore, up 17.8 per cent from last year.
Engagement metrics remained strong with per capita usage climbing to 31GB per month increasing total data traffic by 24 per cent year-on-year and voice traffic up by 6.4 per cent uptick to 1.42 trillion minutes.
Jio’s rapid growth in fixed wireless services was highlighted by over 2.8 million JioAirFiber connections established since its launch, with the company aiming to connect 100 million homes across India at an accelerated pace. In alignment with its ambition to embed artificial intelligence across operations, Jio introduced ‘JioBrain’—a comprehensive AI suite offering real-time data-driven insights and automation.
Reliance Jio Infocomm chairman, Akash M Ambani commented on the company’s strategic direction: “Right from inception, Jio has focused on deep tech innovation to create customer and shareholder value. The ongoing transformation created by Jio True5G and JioAirFiber in India’s digital landscape is a testament to this approach.”
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
