MUMBAI, April 24 -- IPO-bound Jio Platforms on Friday reported steady growth in the January-March quarter (Q4FY26) driven by subscriber additions, higher data consumption and continued traction in the home broadband segment.

Jio Platforms, which houses Reliance Industries Ltd's telecom and digital services business, reported 4% sequential and 13% year-on-year growth in net profit to Rs.7,935 crore during the quarter. The growth in profit, however, was restricted due to higher finance cost, which rose 66% YoY during the quarter owing to the use of 5G spectrum assets.

Revenue from operations rose 2.7% quarter-on-quarter and 12.6% year-on-year to Rs.38,259 crore, in-line with the street estimates. Jio said the revenue growth was driven by ...