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After bumper IPO listing, Jio Platforms shares jump 3% post strong Q2 results | Should you buy, sell or hold?

By Livemint Markets · Published by Everything Blog

In short

Jio Platforms delivered a 14% year-on-year increase in consolidated net profit to ₹8,389 crore, while revenue from operations rose 11% to ₹40,475 crore for the September quarter. EBITDA margins improved by 250 basis points to 54.1%, assisted by average revenue per user edging up to ₹218.8. The company also expanded its 5G footprint, with the subscriber base reaching 300 million users to represent 56% of total wireless data traffic.

Key points

Expanding digital services and higher average revenue per user drove an EBITDA margin exp…: Expanding digital services and higher average revenue per user drove an EBITDA margin expansion of 250 basis points.
The company's 300 million 5G users now account for the majority of its total wireless dat…: The company's 300 million 5G users now account for the majority of its total wireless data traffic.
Net profit expanded by 14% year-on-year to ₹8,389 crore during the firm's first reported…: Net profit expanded by 14% year-on-year to ₹8,389 crore during the firm's first reported quarter since listing.

Sources checked by our analysis pipeline: 1

Jio Platforms share price rose as much as 3% in Monday's trading session after the company reported its first quarterly results on Friday after strong listing last week.

Jio Platforms shares opened at ₹1,465 apiece today, as compared to previous close of ₹1,431 on Friday last week and touched an intraday high of ₹1,475 on 2 November.

The results follow Jio Platforms' stock market debut on October 28, when its shares listed at ₹1,358 apiece, marking a 21.36% premium over the IPO issue price of ₹1,119.

Jio Platforms reported a 14% year-on-year (YoY) rise in consolidated net profit to ₹8,389 crore for the September quarter, marking its first quarterly earnings announcement since its stock market listing earlier this week. The growth was driven by strong subscriber additions, expansion in its digital services business and a modest improvement in average revenue per user (ARPU).

Revenue from operations increased 11% YoY to ₹40,475 crore from ₹36,332 crore in the corresponding quarter last year. On a quarter-on-quarter (QoQ) basis, net profit grew 8% from ₹7,765 crore reported in the June quarter, while revenue…

AI Analysis

Tone

Positive

In short

Key Points

Expanding digital services and higher average revenue per user drove an EBITDA margin exp…: Expanding digital services and higher average revenue per user drove an EBITDA margin expansion of 250 basis points.
The company's 300 million 5G users now account for the majority of its total wireless dat…: The company's 300 million 5G users now account for the majority of its total wireless data traffic.
Net profit expanded by 14% year-on-year to ₹8,389 crore during the firm's first reported…: Net profit expanded by 14% year-on-year to ₹8,389 crore during the firm's first reported quarter since listing.

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AI Analysis

Tone

Positive

In short

Key Points

Expanding digital services and higher average revenue per user drove an EBITDA margin exp…: Expanding digital services and higher average revenue per user drove an EBITDA margin expansion of 250 basis points.
The company's 300 million 5G users now account for the majority of its total wireless dat…: The company's 300 million 5G users now account for the majority of its total wireless data traffic.
Net profit expanded by 14% year-on-year to ₹8,389 crore during the firm's first reported…: Net profit expanded by 14% year-on-year to ₹8,389 crore during the firm's first reported quarter since listing.

Topics

Finance

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After bumper IPO listing, Jio Platforms shares jump 3% post strong Q2 results | Should you buy, sell or hold?

In short

Key points

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