Jio preps for IPO with improved cash flow and reduced debt levels

Jio Platforms is boosting cash generation and reducing debt ahead of its IPO, with net leverage falling from 0.88 in FY24 to 0.36 in FY26. Revenue rose from Rs 1.10 lakh crore to Rs 1.47 lakh crore, and profit after tax increased to Rs 30,049 crore. Jio is expanding home broadband and globalizing its proprietary network technology.