Key Operating Metrics (Q2 FY27)

  • Total Customer Base: 542.4 Million (Net Adds of 36 Mn YoY)
  • 5G Customer Base: 300 Million (Net Adds of 66 Mn YoY; world's largest 5G operator outside China)
  • Total Broadband Homes: 30 Million (Net Adds of 7.3 Mn YoY)
  • Monthly Data Consumption per Customer: 44.2 GB/month (~14% YoY increase)
  • Connectivity ARPU: ₹218.8/month (3.5% YoY increase)
  • Monthly Churn: 1.6%
  • Data Traffic: 71.3 billion GB

Financial Performance (Consolidated)

Q2 FY27 Results:

  • Revenue from Operations: ₹40,475 Cr (11.4% YoY growth)
  • Reported EBITDA: ₹21,879 Cr (16.6% YoY growth)
  • EBITDA Margin: 54.1% (250 bps YoY expansion)
  • EBIT: ₹14,268 Cr (18.1% YoY growth)
  • EBIT Margin: 35.3%
  • Profit Before Tax (PBT): ₹11,259 Cr
  • PBT Margin: 27.8%
  • Profit After Tax (PAT): ₹8,387 Cr (13.7% YoY growth)
  • PAT Margin: 20.7%
  • EBITDA Less Capex: ₹15,449 Cr (52.5% YoY growth)

H1 FY27 Results (Consolidated):

  • Revenue from Operations: ₹79,648 Cr
  • EBITDA: ₹42,744 Cr
  • EBITDA Margin: 53.7%
  • PAT: ₹16,151 Cr

Financial Performance (Standalone - JPL)

Q2 FY27 Results:

  • Revenue of the Company (JPL SA): ₹4,881 Cr (compared to ₹3,941 Cr in Q2 FY26)

H1 FY27 Results:

  • Revenue of the Company (JPL SA): ₹9,628 Cr (compared to ₹7,620 Cr in H1 FY26)

Balance Sheet and Leverage (Consolidated)

  • Total Borrowings: ₹58,943 Cr (QoQ: -4.0%, YoY: -20.9%)
  • Cash and Marketable Securities: ₹50,121 Cr (QoQ: -3.3%, YoY: +50.4%)
  • Net Debt: ₹8,822 Cr (QoQ: -7.5%, YoY: -78.6%)
  • Net Leverage: 0.10x (QoQ: -11.8%, YoY: -81.6%; improved from 0.55x in Q2 FY26)
  • Return on Avg. Capital Employed: 11.0% (Annualized)

Business Highlights and Strategy

  • Market Position: Commands over ~51% CMS in Wireless Broadband market and over 60% CMS in 5G subscribers.
  • Technology: Proprietary UBR technology enables rapid deployment with 2x higher net adds than nearest competitor.
  • Digital Services Strategy: Focused on four pillars: GROW (customer base), DEEPEN (digital engagement), CONVERT (profit and cash), BUILD (new services).
  • Enterprise Services: Offering beyond connectivity including security, platforms, cloud compute, and connectivity solutions.
  • Future Growth: Building integrated capabilities across network technology, devices, OS, and digital applications; monetizing proprietary technology in overseas markets.

Subsidiary Performance (RJIL)

  • RJIL operating revenue showed 10.8% YoY growth in H1 FY27.
  • RJIL EBITDA growth of 14.7% YoY with ~200 bps margin expansion to 58.1%.

Notes

  • Gross Revenue is defined as the value of services.
  • Profit after tax includes share of associates and JVs.
  • The presentation contains forward-looking statements subject to assumptions and future events.