Jio Platforms JPL
India's largest telco by subscribers (Reliance Jio Infocomm) - listed 28 Oct 2026, still majority-owned by Reliance Industries
Mapped in 1 theme: 5G/6G Telecom Buildout.
Where Jio Platforms sits in the supply chain
Jio Platforms appears in 1 supply-chain layer in one theme, 5G/6G Telecom Buildout.
5G/6G Telecom Buildout › Telecom Operators (Demand Side)
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 81,587 | — | 1,09,558 | 1,28,218 | 1,46,885 |
| Net profit | 15,487 | — | 21,423 | 26,109 | 30,049 |
Latest-year revenue ₹1.47L Cr (FY26, company-wide).
Note: Screener has no FY23 results for this company, so that year is left blank.
Strengths
- India's largest telco by subscribers, with the capex capacity of Reliance Industries behind it and more spending power than any other single operator in the chain
- Developed an indigenous O-RAN-based 5G core/RAN technology stack in-house, reducing reliance on global equipment vendors
Risks
- Listed 28 Oct 2026, so its track record as a separately listed company is only days old
- Earnings growth leans on further tariff increases, which depend on the whole industry moving together
- Reliance Industries keeps control, so minority holders follow the group's capital-allocation choices
Common questions
What does Jio Platforms do?
India's largest telco by subscribers (Reliance Jio Infocomm) - listed 28 Oct 2026, still majority-owned by Reliance Industries.
Where does Jio Platforms sit in the supply chain?
Jio Platforms (NSE: JPL) is mapped in 1 supply-chain layer: Telecom Operators (Demand Side) (5G/6G Telecom Buildout).
Who are Jio Platforms' peers?
In the Telecom Operators (Demand Side) layer of 5G/6G Telecom Buildout: Bharti Airtel, Vodafone Idea, Bharti Hexacom, Tata Communications, Tata Teleservices (Maharashtra), Mahanagar Telephone Nigam (MTNL) and 1 more.
What is Jio Platforms' market cap and valuation?
As of 6 Nov 2026: market cap ₹12.94L Cr, P/E 41.5x, ROCE 12.1%, ROE 9.4%, dividend yield 0%.