Jio cuts net debt 79% to ₹8,822 crore: What it means for its next growth phase

Jio Platforms has significantly strengthened its balance sheet, reducing its net debt by nearly 79% year-on-year to ₹8,822 crore in the second quarter of FY27.

EBITDA less cash capex stood at ₹15,449 crore in Q2 FY27, increasing 52.5% from ₹10,129 crore in Q2 FY26.

Advertisement The reduction in net debt and successful IPO mark an improvement in Jio's financial capacity.

Jio Platforms has significantly strengthened its balance sheet, reducing its net debt by nearly 79% year-on-year to ₹8,822 crore in the second quarter of FY27.

Advertisement The reduction in net debt and successful IPO mark an improvement in Jio's financial capacity.