Jio Platforms Shares Rise 3% After Q2 Profit Jumps 13.7%

Shares of Jio Platforms rose more than 3% on Monday, November 2, 2026, after the digital and telecom company reported strong financial results for the September quarter. The company announced a 13.7% year-on-year increase in consolidated net profit, supported by subscriber growth, higher realisations per user and continued expansion in digital services.

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On the BSE, Jio Platforms shares climbed 3.14% to ₹1,476.15. On the National Stock Exchange (NSE), the stock gained 3% to ₹1,475 during the session.

Jio Platforms reported consolidated net profit of ₹8,389 crore for the quarter ended September 2026, compared with ₹7,379 crore in the corresponding period a year earlier. Consolidated revenue from operations increased 11.4% year-on-year to ₹40,475 crore, according to the company's regulatory filing.

The company also recorded growth compared with the June quarter. Net profit rose 8% from ₹7,765 crore, while revenue from operations increased 3.3% from ₹39,173 crore.

The latest results highlight continued growth in the company's telecom and digital services business. Subscriber additions and higher average revenue realisation per user helped support earnings, while digital services contributed to revenue expansion.

The September-quarter announcement is Jio Platforms' first results update since its stock market listing in the final week of October. The company made a strong debut, with its shares closing nearly 27% above the issue price of ₹1,119, according to the supplied report.

The market's response to the earnings announcement puts attention on whether Jio Platforms can sustain its growth in revenue and profitability. Investors will also watch subscriber trends, revenue per user and the performance of its digital services for indications of future business momentum.

While the share price gained following the results, stock movements can change with broader market conditions, company performance and investor expectations. The latest rally alone does not establish how the stock will perform in subsequent sessions.