Jio's net profit climbed 46% on-year to Rs 891 crore in the quarter to June, well above the roughly Rs 800 crore estimated by the markets. IIFL said revenue of Rs 11,679 crore was a growth of 5% sequentially, or a daily revenue run-rate (DRR) growth of 4%, but marked a “significant” slowdown from recent quarters.
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In this regard, is Jio making any profit?
Jio had reported a net profit of Rs 830 crore in the third quarter of 2018-19 fiscal year. "Taken together, Jio's reported profit of Rs 830 crore could actually reflect a loss of Rs 3,800 crore for the quarter. This is much worse than Bharti but still slightly better than Vodafone Idea," it said.
Additionally, how much money does Jio make? Jio
| Type | Subsidiary of Reliance Industries |
|---|---|
| Revenue | ₹11,679 crore (US$1.6 billion) (Q4 2019) |
| Operating income | ₹3,631.2 crore (US$510 million) (Q4 2019) |
| Net income | ₹1,148 crore (US$160 million) (FY 2019) |
| Total assets | ₹187,720 crore (US$26 billion) (FY 2019) |
Thereof, how did Jio make money?
In India, the money network providers get on average from each user is Rs 150 by providing voice, sms, data, etc. And at Jio the tariff plans starts from 149 for 28 days. So even with free voice, etc Jio's average revenue will by default be as good as the current players.
Why Jio is so cheap Quora?
Because of two reasons First is to add customers they are giving cheap Internet which Indians users never dreamt of. We were used to see data plans like 275₹ for 1 GB. But wait they could provide reasonable cheap price like 50 for 1 GB. They could still lure subscribers with this price.
Related Question AnswersIs Jio a loss?
The brokerage estimated Jio's normalised loss – excluding exceptional items – as “much worse than Airtel's (Rs 630 crore), but better than Vodafone Idea (Rs 4,430 crore).” Bernstein's normalised loss estimates for Airtel and Vodafone Idea exclude exceptional items.Who is the CEO of Jio?
Abhisek Pandey - Chief Executive Officer - RELIANCE JIO INFOCOMM UK LIMITED | LinkedIn.Is Jio a success?
Jio as an independent entity - just as a telecom provider is completely a mug's game. After more than two years into the market and after having invested over 3.5 lakh crores, getting barely 6000 something crores as quarterly profit is less than even the simple interest you get on the investment.When Jio was started?
2007How does Jio give free data?
Jio is not really giving Rs 50/GB of data: Jio users have to pay 0.25p/10KB which means Rs 250/GB for accessing the internet after they exhaust their initial data limit of the plan voucher. Pay as you go customers who do not recharge with any of the plan vouchers would be charged 0.5p/10KB for accessing data.How much loss is Airtel due to Jio?
In the quarter ended June 30, Airtel swung to a loss of Rs2,866 crore from a net profit of Rs97 crore a year ago. It is also struggling to add subscribers even as Jio has lured over 300 million users in the past three years.Airtel's struggle.
| Airtel's financials | ||
|---|---|---|
| Jun. 19 | 20,738 | -2866 |
| Sept. 19 | 21,131 | -23,044.90 |
