New Delhi, July 17 -- Ahead of a potential initial public offering (IPO), Jio Platforms on Friday reported steady growth in the April-June quarter (Q1FY27) driven by continued subscriber additions, traction in the home broadband segment and growth in digital services.

Jio Platforms, which houses Reliance Industries Ltd's telecom and digital services business, reported 9.2% year-on-year growth in net profit to Rs.7,764 crore during the quarter. Profit, however, fell 2.15% sequentially owing by higher finance costs and depreciation expenses during the quarter owing to the use of 5G spectrum assets.

Revenue from operations rose 2.4% quarter-on-quarter and 12% year-on-year to Rs.39,173 crore. Jio said the revenue growth was driven by contin...