THEBUSINESSBYTES BUREAU

MUMBAI, JUNE 19, 2026

Reliance Jio Infocomm Ltd. achieved a historic milestone in FY26 with its Profit After Tax (PAT) crossing ₹30,000 crore for the first time, registering a 15.1 per cent year-on-year growth and underscoring the telecom giant’s strong profitability amid rapid digital expansion. The achievement was announced by Reliance Jio Infocomm Ltd. Chairman Akash Ambani at the 49th Annual General Meeting (Post-IPO) of Reliance Industries Limited (RIL) held in Mumbai on Friday.

Highlighting Jio’s remarkable decade-long journey, Ambani said the company has evolved into one of the world’s largest digital service providers, with its subscriber base surpassing 524 million users. Jio’s 5G customer base has crossed 268 million, making it the largest single-country 5G network operator outside China, with 77 million net additions during FY26 alone.

Jio Platforms posted revenue of ₹1,46,885 crore in FY26, reflecting a robust 14.6 per cent annual growth. EBITDA rose 18.8 per cent to ₹76,255 crore, while EBITDA margin improved by 190 basis points to 51.9 per cent, highlighting the company’s ability to scale profitably while maintaining operational efficiency.

The company’s network handled an unprecedented 241 exabytes of data traffic during the year, registering a 30.8 per cent increase over FY25 and reinforcing Jio’s position among the world’s largest data operators. Average monthly per-capita data consumption reached 42.3 GB, among the highest globally.

A major highlight of the AGM was the unveiling of JioHome’s next-generation broadband vision. Ambani announced that Jio’s Multi-Gigabit-ready JioAirFiber will now offer speeds of up to 5 Gbps download and 1 Gbps upload, enabling households to seamlessly support multiple high-bandwidth activities simultaneously.

He said the future of connectivity is no longer merely about internet access but about transforming every home into an intelligent digital hub. With connected devices multiplying rapidly in Indian households, the enhanced JioAirFiber network is designed to support ultra-high-definition streaming, cloud gaming, immersive online education, video conferencing and other bandwidth-intensive applications without interruption.

The multi-gigabit wireless technology, developed in India, is expected to pave the way for widespread adoption of 8K entertainment, multi-screen experiences and next-generation digital services. Ambani noted that significantly faster download speeds will allow large files and content-rich applications to be accessed within seconds, while the 1 Gbps upload capability will enable homes to function as fully connected global workplaces supporting real-time collaboration across geographies.

He further emphasized that India is entering a new era of spatial computing, where artificial intelligence, extended reality (XR) and volumetric video technologies will create highly immersive and interactive digital experiences. The company sees intelligent homes becoming centres for learning, entertainment, work and creativity, powered by advanced broadband infrastructure.

JioAirFiber, which already connects more than 13 million homes across the country, continues to scale rapidly. More than 90 per cent of installations are completed within 24 hours, while new home connections are growing at a rate of up to 60,000 per day, making reliable high-speed broadband accessible even in locations where fibre deployment remains challenging.

Looking ahead, Ambani outlined five strategic commitments that will drive Jio’s next phase of growth. These include accelerating nationwide adoption of JioTrue5G, expanding broadband penetration through JioAirFiber, digitising enterprises and small businesses through the cloud-powered JioPC platform, embedding artificial intelligence across consumer and enterprise services, and taking Jio’s indigenous technology stack to international markets.

He said Jio aims to migrate all subscribers to 5G by 2030 while simultaneously contributing to the development of global 6G standards. The company expects its average revenue per user (ARPU) to rise significantly as it rolls out premium 5G offerings, AI-enabled services and advanced enterprise solutions.

In another significant announcement, Ambani revealed Jio’s plans to enter the satellite communications segment. The company is evaluating the development of a sovereign Low Earth Orbit (LEO) satellite constellation for India while also partnering with leading global satellite operators by leasing capacity to accelerate service rollout.

Jio is building its own ground station infrastructure across India to support both partner constellations and future indigenous satellites, creating a comprehensive satellite broadband ecosystem. The initiative aims to bridge connectivity gaps in remote villages, island regions and border areas where terrestrial networks remain difficult to deploy.

Describing satellite broadband as the next frontier of digital inclusion, Ambani said the dual strategy of global partnerships and sovereign capability would strengthen India’s technological self-reliance while positioning the country as a major player in the global satellite broadband ecosystem.

 “With these initiatives, the best of Jio is yet to come,” he said, signalling the company’s ambition to lead India’s digital transformation across telecommunications, artificial intelligence, cloud computing, broadband and space-based connectivity.