Jio Platforms financials: Telecom arm draws 87% revenue; rising debt costs signal caution

India’s biggest public offer, Jio Platforms, recorded tremendous response from investors, and broke several records. The bidding for the initial public offer (IPO) is over and the allotments have also been finalised, with Jio Platforms set to list on exchanges on Wednesday, October 28.

Jio Platforms will be disclosing its results to the public from the December quarter. Before that, a look at the company’s financials as stated in its red herring prospectus (RHP) show that revenue and profit are rising steadily. However, its expenses, particularly finance costs, are surging way ahead.