Brokerages anticipate steady financial expansion underpinned by improved subscriber monetization and robust customer additions across mobile services. Nomura projects quarterly revenue to climb 11% year-on-year to Rs 40,400 crore, while Emkay Global forecasts a 10.5% top-line increase. In the prior June quarter, the business generated Rs 39,173 crore in revenue and Rs 7,764 crore in consolidated net profit. Investors are also monitoring operational progress across 5G network adoption, enterprise offerings, and home broadband services.
Key points
The quarterly report will provide public markets with their first formal evaluation of Ji…: The quarterly report will provide public markets with their first formal evaluation of Jio following its Rs 30,188 crore offering.
Average revenue per user is widely expected to rise sequentially, reaching approximately…: Average revenue per user is widely expected to rise sequentially, reaching approximately Rs 219 per month according to Nomura estimates.
Operational metrics concerning 5G rollouts, digital services, and home broadband adoption…: Operational metrics concerning 5G rollouts, digital services, and home broadband adoption will be vital indicators of broader operational momentum.
Sources checked by our analysis pipeline: 1
Nomura expects Jio's revenue from operations to rise 11% year-on-year and 3% sequentially to Rs 40,400 crore in the second quarter of FY27, supported by healthy customer additions and improved subscriber monetisation.
The brokerage estimates EBITDA at Rs 22,050 crore, representing 17% growth year-on-year and 4% sequentially. Operating margins are expected to improve by around 30 basis points quarter-on-quarter to 54.6%.
Nomura has projected net income of Rs 7,610 crore, an increase of 18% year-on-year on its estimates.
Emkay Global also expects healthy growth, forecasting revenue expansion of 10.5% year-on-year and 2.8% quarter-on-quarter. The brokerage expects EBITDA and EBIT margins to improve by 20 basis points sequentially.
The results will be closely watched following Jio's record-breaking Rs 30,188 crore IPO, which attracted strong demand from institutional and retail investors.
Subscriber additions could drive growth
A key factor supporting Jio's earnings is its ability to attract new customers while increasing revenue from existing subscribers. Nomura sees the telecom company's subscriber base to increase by around 80 lakh during the September quarter, taking total subscribers to 54.13 crore from 53.33 crore at…
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