Reliance Jio Infocomm Ltd reported a strong financial performance for the financial year ended March 31, 2026, with its net profit rising to Rs 28,173 crore, up from Rs 24,795 crore in the previous year, driven by steady growth in revenue and operating efficiencies.
For the March quarter (Q4 FY26), the telecom major posted a net profit of Rs 7,317 crore, marking a nearly 10% increase compared with Rs 6,642 crore in the corresponding quarter last year. Sequentially, profit also saw a marginal uptick from Rs 7,173 crore in the December quarter.
Revenue from operations during Q4 FY26 stood at Rs 33,381 crore, up from Rs 30,018 crore in the year-ago period, reflecting continued subscriber additions and data consumption growth. On a full-year basis, revenue rose to Rs 1,28,871 crore compared to Rs 1,14,141 crore in FY25.
Total income for the quarter came in at Rs 34,039 crore, while annual total income stood at Rs 1,31,403 crore, indicating consistent topline expansion.
The company reported a profit before tax of Rs 9,827 crore for the March quarter and Rs 37,842 crore for the full year. Operating margins remained robust, with operating margin at around 29% and net profit margin at 18.6% for FY26, broadly stable compared to the previous year.
Total expenses for the quarter rose to Rs 24,212 crore, led by higher network operating costs, finance costs, and depreciation expenses. Finance costs nearly doubled on a yearly basis to Rs 8,559 crore in FY26, indicating increased leverage and investments in network expansion.
Depreciation and amortisation expenses also increased to Rs 25,953 crore for the year, reflecting ongoing investments in spectrum and infrastructure.
As per the balance sheet, the company’s total assets rose to Rs 5,49,176 crore as of March 31, 2026, compared to Rs 5,24,082 crore a year ago, driven by higher investments in spectrum and infrastructure.
Net worth increased to Rs 2,84,426 crore, while the debt-equity ratio improved to 0.24, indicating a relatively stable leverage position.
Operational cash flows remained strong at Rs 75,088 crore for FY26, supporting the company’s aggressive capital expenditure and investment plans. However, investing activities saw an outflow of Rs 40,986 crore, largely due to capital expenditure and investments.