Jio Platforms (JPL) on Friday posted a 2.16% sequential decline in its net profit — its first ever — during the June 2026 quarter due to higher depreciation and finance cost related to 5G rollout. JPL’s consolidated net profit in the first quarter of FY27 fell to Rs 7,764 crore from Rs 7,935 crore in the January-March period. In the first quarter of the previous fiscal, it stood at Rs 7,110 crore, the company said. Revenue from operations rose 2.39% to Rs 39,713 crore from Rs 38,259 crore in the preceding quarter, driven by continued gains in subscriber market share, organic average revenue per user (Arpu) growth and scale-up of digital services.