Jio Platforms IPO gets subscribe recommendations as brokerages cite strong earnings growth
Brokerages have recommended subscribing to Jio Platforms’ ₹30,213 crore initial public offering (IPO), citing strong earnings growth, improving cash generation, market leadership and opportunities to expand its digital technology businesses beyond traditional telecom services.
Research reports by Emkay Global Financial Services, Ventura Securities, GEPL Capital and SBI Securities highlighted the company’s expanding broadband business, proprietary technology platforms and growth opportunities in artificial intelligence (AI), cloud computing and enterprise solutions. While the brokerages pointed to the company’s growth prospects, they also assessed its valuation based on FY26 earnings.
Earnings growthAccording to Emkay Global Financial Services, Jio Platforms recorded compound annual growth of 16.2 per cent in earnings before interest, taxes, depreciation and amortisation (EBITDA) and 18.4 per cent in profit after tax during FY24–FY26.