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Tag: JioTV

  • Q3-17: Reliance: Jio busts records, organized retail op profit grows 55 percent

    Q3-17: Reliance: Jio busts records, organized retail op profit grows 55 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 31 December 2016 (Q3-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q3-17 says that Jio has created a world record by crossing 5 crore (50 million) subscribers in 83 days of operations. The company says that this subscriber addition rate is the fastest achieved by any company in the world including the likes of Facebook, WhatsApp and Skype. It says further that Jio continues its rapid ramp up of subscriber base and as of 31 December 2016, in less than 4 months from commencement of services, there were 7.24 crore or 72.4 million subscribers on the network.

    Ambani, said, “I am also delighted by our country’s eagerness to adopt to a digital life as witnessed by the record breaking launch of Jio. Its comprehensive ecosystem has enabled millions of Indians to lead a richer life through its offerings.”

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 47.2 percent year-over-year (y-o-y) to Rs 8,688 crore as compared to Rs 5,901 crore and increased 7.5 percent quarter-over-quarter (q-o-q) from Rs 8,079 crore. 

    The segment’s EBIT increased 55 percent y-o-y to Rs 231 crore from Rs 149 crore and increased 42.6 percent q-o-q from Rs 162 crore.

    The company says that overall impact from demonetization has been positive for core retail business with favourable long-term implications for modern trade. It says further that according to Nielsen, Reliance Fresh and Smart stores grew faster than the modern trade during the demonetization period and its share of trade went up from 26.2 percent pre demonetization to 27.8 percent post demonetization

    RIL says that during the quarter, Reliance Retail added 111 stores across various store concepts. As on 31 December 2016, Reliance Retail operated 3,553 stores across 686 cities with an area of over 13.25 million square feet.

    RIL numbers

    RIL achieved a turnover of 84,189 crore ($ 12.4 billion), an increase of 16.1 percent, as compared to Rs 72,513 crorein the corresponding period of the previous year. The company says that increase in revenue is primarily on account of increase in prices of refining and petrochemical products led by 13 percent increase in Brent crude prices. Turnover was also boosted by robust growth in retail business.

    Operating profit before other income and depreciation increased by 2.7 percent on a y-o-y basis to Rs 11,552 crore ($ 1.7 billion) from Rs 11,248 crore in the previous year. The company attribute the growth to strong operating performance from petrochemicals businesses, sustained strength in refining business and favourable exchange rate movement. This was partially offset by losses in Oil & Gas business due to lower volumes and weak domestic price environment.

    Profit after tax was higher by 3.6 percent at Rs 7,506 crore ($ 1.1 billion) as against Rs 7,245 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 25.4 as against Rs 24.6 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6  crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

    Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”

    Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore. 

    The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.

    RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.

    RIL numbers

    RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.

    Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil &  Gas business due to lower volumes and weak price environment says that company.

    Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17

  • Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6  crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

    Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”

    Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore. 

    The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.

    RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.

    RIL numbers

    RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.

    Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil &  Gas business due to lower volumes and weak price environment says that company.

    Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17

  • Idea Cellular to offer live TV, music services

    Idea Cellular to offer live TV, music services

    MUMBAI: It’s the charge of the telco brigade. First Airtel and Reliance Jio hared into the content space by announcing their Wynk, Wynk Video and Wynk Games and JioGames, JioCinema, JioTV, JioPlay, JioOnDemand services offering an array of video, music, game chat apps. Now it’s the turn of another telco major – the Aditya Birla group owned Idea Cellular – to do the same. In an investor presentation, the company says it is planning its own range of mobile digital services right from live television to videos to music to games to music to news/magazines to chat and even money transfers.

    First off the blocks will be Idea Game Spark (Q3 FY 2017), Idea Videos and Idea Music before the last quarter of FY 2017 (January-March 2017). Idea TV, Idea News/magazines, Idea storage and Idea chat will follow in FY 2018 (April 2017 onwards).

    In the presentation, Idea says it expects mobile data usage to sky rocket just like voice over mobile did in the growth phase of wireless telephony. About 1.1 billion Indians will get access to wireless broadband by 2019-2020 (250-300 million in March 2015), and the subscriber base of 3G/4G services is expected to rapidly swell from 130 million in March 2016 to 540 million by 2021. Idea expects data consumption per user to more than treble from the current 475 MB per month in the same period.

    In March 2016, it had 22.8 million wireless broadband subs each of whom consumed 642 MB of data per month. Idea explains that its broadband services today are available to 400 million Indians; it is targeting to expand that 500 million by March 2017. It’s on course to have nearly 100,000 data sites active in 17 circles by the end of FY-2017.

    With the launch of its digital content and other apps, mobile subscribers are likely to be spoiled for choice and competition is expected to hot up between Jio, Airtel, Vodafone and Idea. For television channels and content creators, however, it’s going to open up new worlds of opportunity.

  • Idea Cellular to offer live TV, music services

    Idea Cellular to offer live TV, music services

    MUMBAI: It’s the charge of the telco brigade. First Airtel and Reliance Jio hared into the content space by announcing their Wynk, Wynk Video and Wynk Games and JioGames, JioCinema, JioTV, JioPlay, JioOnDemand services offering an array of video, music, game chat apps. Now it’s the turn of another telco major – the Aditya Birla group owned Idea Cellular – to do the same. In an investor presentation, the company says it is planning its own range of mobile digital services right from live television to videos to music to games to music to news/magazines to chat and even money transfers.

    First off the blocks will be Idea Game Spark (Q3 FY 2017), Idea Videos and Idea Music before the last quarter of FY 2017 (January-March 2017). Idea TV, Idea News/magazines, Idea storage and Idea chat will follow in FY 2018 (April 2017 onwards).

    In the presentation, Idea says it expects mobile data usage to sky rocket just like voice over mobile did in the growth phase of wireless telephony. About 1.1 billion Indians will get access to wireless broadband by 2019-2020 (250-300 million in March 2015), and the subscriber base of 3G/4G services is expected to rapidly swell from 130 million in March 2016 to 540 million by 2021. Idea expects data consumption per user to more than treble from the current 475 MB per month in the same period.

    In March 2016, it had 22.8 million wireless broadband subs each of whom consumed 642 MB of data per month. Idea explains that its broadband services today are available to 400 million Indians; it is targeting to expand that 500 million by March 2017. It’s on course to have nearly 100,000 data sites active in 17 circles by the end of FY-2017.

    With the launch of its digital content and other apps, mobile subscribers are likely to be spoiled for choice and competition is expected to hot up between Jio, Airtel, Vodafone and Idea. For television channels and content creators, however, it’s going to open up new worlds of opportunity.