Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Subscriber base of RIL's Digital Services Business at 355.2 million as of Sep 30, 2019

Posted On: 2019-10-20 09:53:35

Results Summary

- Standalone revenue from operations of Rs. 12,354 crore
- Standalone EBITDA of Rs. 5,166 crore and EBITDA margin of 41.8%
- Standalone Net Profit of Rs. 990 crore
- Subscriber base as on 30th September 2019 of 355.2 million (40.8% YoY growth)
- Lowest churn in the industry at 0.74% per month
- ARPU during the quarter of Rs. 120 per subscriber per month
- Total wireless data traffic during the quarter of 1,202 crore GB (55.9% YoY growth)
- Total voice traffic during the quarter of 81,262 crore minutes (52.2% YoY growth)

RIL - Digital Services Business - Q2 FY 2019-20

Jio continues to be the Operator of Choice

- Strong subscriber growth with net addition of 24 million during the quarter and 103 million during the previous twelve months.

- Gross adds at 31.6 million stayed healthy with deeper 4G network presence and affordable tariffs continuing to attract first time mobile internet users to Jio digital services.

- Monthly churn rate reduced sequentially and continued below industry average at 0.74%.

- Customer engagement continues to surprise positively with average data consumption per user per month of 11.7 GB (11.4 GB per user per month in the previous quarter) and average voice consumption of 789 minutes per user per month.

- Jio management has remained focused on offering best value to its customers, and on driving customer engagement with best-in-class content bouquet, seamless network performance and affordable tariff plans.

- JioPhone Diwali 2019 plan (marketed by Reliance Retail) offering the device at Rs. 699 (without an exchange of old device) has witnessed a strong response in first few weeks. Jio is committed to ensure that no Indian is deprived of affordable Internet and fruits of the Digital Revolution.

Resilient network performance at a large scale

- Jio has witnessed more than 3x increase in voice and data traffic on its network, over the past two years. However, with >750K eNodeBs (across 800MHz/ 1800MHz/ 2300MHz bands) deployed on 4G-LTE, Jio continues to be by far the industry leader in terms of network capacity and performance (average download speed of 21.3 Mbps during August 2019, as per TRAI).

- World's largest VoLTE network continues to get bigger with ~52% YoY growth in daily voice traffic and is extending its lead over legacy 2G/3G voice networks in India.

- Besides higher capacity on account on larger deployment of spectrum on 4G technology, extensive fiber backhaul supports higher throughput and better customer experience.

- World class network design with real time data collection/aggregation, business workflow engines and predictive analytics/algorithms drives better planning, higher efficiency and lower costs.

Update on InvIT controlled Fibre and Tower SPVs

- Fiber and Tower undertakings were transferred to Jio Digital Fibre Private Limited ("JDFPL") and Reliance Jio Infratel Private Limited ("RJIPL") respectively, effective 31-Mar-2019.

- JDFPL and RJIPL are operating as independent entities with transfer of control to the SEBI registered Infrastructure Investment Trusts.

- Transaction for subscription of units of Tower InvIT by Brookfield Infrastructure Partners L.P. and its affiliates is in final stages.

FTTH and Enterprise Services rolled out commercially during the quarter

- After successful beta trials of FTTH services, Jio announced rollout of Home and Enterprise services during 42nd AGM (Post-IPO) of Reliance Industries Limited on 12th August 2019.

- We have received strong interest across the 1,600+ cities where the services would be launched initially. The process of converting >0.5 million existing trial users to paid bundled plans is ongoing. We expect FTTH and Enterprise services to be key growth and margin tailwind over the medium term.

Largest Distribution and Service Network

- Pan-India distribution channel with over 1 million retailers for customer acquisition and selling recharges.

- Efficient sales channel with best value offering continues to deliver with monthly gross subscriber additions at more than 10 million during the quarter.

- MyJio is the best-in-class full service (prepaid and post-paid payments, loyalty coupons, troubleshooting, addition or deletion of services) self-care application.

Robust Financial Performance led by resilient business model

- Jio continues to deliver healthy financial performance primarily led by subscriber momentum and cost efficiencies.

- Quarterly operating revenue increased 33.7% Y-o-Y to Rs. 12,354 crore.

- Operational efficiency is reflected in industry leading EBITDA margin of 41.8% (up 315bps Y-o-Y) which has driven EBITDA to Rs. 5,166 crore during the quarter.

- Jio has built a next generation all-IP data network with latest 4G LTE technology. It is the only network built as a Mobile Video Network and for providing Voice over LTE technology. It has built a future ready network with extensive fiber rollout across the country which can easily deploy 5G and beyond technology in the last leg. Jio has created an eco-system comprising network, devices, applications and content, service experience and affordable tariffs for everyone to live the Jio Digital Life.

- Jio has created a strong data network with infrastructure and backhaul for offering wireless services, wireline services, FTTH, Enterprise offering, IoT services and other digital services. These will lead to sustained growth in data consumption on the network.

- Jio is now the second largest single-country operator globally with its subscriber base increasing to 355.2 million as of 30-September-2019. Net subscriber addition for the Company during the past twelve months was 103 million. Jio has become a service provider of choice across customer strata and seen unprecedented growth to market leadership (in terms of Adjusted Gross Revenue and Subscriber base as published by TRAI).

- Customer engagement for Jio services continues to be strong with average data consumption at 11.7 GB per user per month, average voice consumption at 789 minutes per user per month. Affordable tariffs, wide network presence, and improving use cases on the Jio digital platform have been key drivers of industry leading engagement levels.

- JioGigaFiber services for Homes and Enterprise has been launched across 1,600 cities. Beta trials of JioGigaFiber services across more than 0.5 million homes were very successful with monthly data usage in excess of 100 GBs. Jio is in the process of converting the trial users to paid connections and ramping up its sales engine to connect 20 million homes and 15 million enterprises. Jio is focused on catalysing the underserved fixed broadband market in India with its next generation FTTX services.

- Jio's end-to-end all IP network has been consistently rated as the fastest network in India by TRAI's MySpeed application over the last 31 months with an average download speed of 21.3 Mbps during August 2019. Jio has also been consistently rated to have the widest LTE coverage in the country.

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1415.3 as compared to the previous close of Rs. 1396.15. The total number of shares traded during the day was 629451 in over 20580 trades.

The stock hit an intraday high of Rs. 1428 and intraday low of 1399.7. The net turnover during the day was Rs. 891730305.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

GAIL hands over seven tippers and 142 tri-cycles to Chandigarh Municipal Corporation

ICRA AA (Stable) rating assigned to proposed NCD issue of Godrej Industries Ltd

OIL commences 2D Vibroseis Seismic Survey operations in its OALP-I Block (RJ-ONHP-2017/9)

Registration granted for Roto Pumps Ltd's product

GAIL rated as the Top Gas - Transmission Company

G E Shipping contracts to sell its Suezmax Crude Carrier 'Jag Lakshita'

Steel Strips Infrastructures Ltd board approves disposal of SAB Mall, Noida

Essel Group to further divest its stake in ZEEL

IHCL and Les Roches Choose 'Next General Manager of India'

Airtel partners with CuriosityStream to bring award-winning factual entertainment to Indian customers

Titan ties up with Bengaluru By Design for their second run

TCS iON Reimagines University Education with a Unique Phygital Learning Program

Philippines Business Bank selects Intellect Digital Core, IDC 19.1, to power its Digital Transformation

Infosys Receives Five Awards at the DevOps Industry Awards 2019

NMDC Ltd revises Prices of Iron Ore w.e.f. 14-11-2019

RBI imposes monetary penalty of Rs. 1.75 crore on Indian Bank

Kalpataru Power Transmission Ltd completes disinvestment of Kalpataru Satpura Transco Private Limited

Parag Milk Foods announces launch of Go Cheese Blend for out of home consumption market

Ugar Sugar Works commences sugar crushing for season 2019-20

SpiceJet and Gulf Air sign MoU to explore greater cooperation

Mr. Abhishek Gami acquires controlling stake in Rapicut Carbides Limited

Jagran Prakashan Ltd updates on CP rating

Havells introduces ST^Dx Switchgear in Tamil Nadu

TCS Collaborates with Qualcomm to Launch New Innovation Hub to Develop Next-Gen AI Solutions with 5G

IntrCity by RailYatri, ICICI Lombard & Marsh join hands to provide insurance cover worth 5 Lacs for IntrCity SmartBus Travelers

Maruti Suzuki invites startups to participate in third cohort of MAIL (Mobility & Automobile Innovation Lab) program

Blue Star launches new room air conditioners with in-built air purifiers that improve the quality of life

Subros Limited formally inaugurates its 9th state-of-the-art manufacturing plant

Open Offer for Accelya Solutions India Ltd at Rs. 944.19

Ullico Casualty Group Selects Majesco P&C Core Suite and Majesco Enterprise Data Warehouse on Majesco CloudInsurer® to Underpin Digital Transformation and Growth Strategy

Shree Cement Ltd board to approve QIP allotment, discount, issue price on Nov 22, 2019

Siemens Ltd reappoints Deepak Parekh and Yezdi H Malegam as independent directors

Reliance Capital's stake in Reliance General Insurance Company Ltd invoked by IDBI Trustee

Brickwork Ratings reaffirms commercial paper issue rating of JSW Energy Ltd

Jio keeps consumers at the center of digital revolution in India

CARE reaffirms long term rating of Loyal Textile Mills Ltd

University of Oulu, Wipro Sign MoU to Collaborate on 5G/6G Technologies

NBCC (India) Ltd bags project consultancy contract

Siemens Ltd Board recommends Dividend of Rs. 7 for 2018-19

Dilip Buildcon Ltd arm receives provisional completion certificate for project in NH-361

Siemens Limited announces Q4 FY 2019 results

CarDekho delivers 92% growth in H1 2019-20

Bajaj Finserv offers lucrative deals on Vivo smartphones

South Indian Bank Ltd revises MCLR from Nov 20, 2019

Tata Chemicals tops 6th edition of ET Edge - Futurescape Responsible Business Rankings 2019 unveiled at Economic Times - SDG Impact Summit

RBI imposes penalty of Rs. 2.50 crores on Bank of Baroda

Alkyl Amines Chemicals Limited has sold its stake in Diamines and Chemicals Ltd

Appirio, MuleSoft Partner to Provide Digital Transformation Solutions

TCS and Govt of Karnataka Rural IT Quiz: Government Excellence School, Dewas, Madhya Pradesh wins National Finals

Infosys Foundation India International Challenge 2019 to host 250 players from 13 countries







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019