Tag: Reliance Industries Limited

Jio continues leading broadband subs addition while wireline internet loses subs in Oct

BENGALURU: Mukesh Dhirubhai Ambani’s Reliance Infocomm Limited (Jio) closed the month with 145.96 million wireless broadband subscribers having added 7.34 million subscribers during October 2017. Since 1 January 2017, the new telecom behemoth has added 129.91 million subscribers between 1 January 2017 and 31 October 2017 according to data released by the Telecom Regulatory Authority of India (Trai). In terms of growth, however, Jio had to accede to third place–it grew by 5.30 percent as compared to 7.69 percent growth by the Sunil Mittal-led Bharti Airtel Limited and 5.31 percent growth by Vodafone in October 2017.

India’s wireline broadband internet subscriber base has been declining over the past few months. Overall, the number of wired broadband internet subscriber base declined by 0.33 percent month-on-month in October 2017 to 17.98 million from 18.04 million. Among the top-five wired broadband service providers, the three private players gained subscribers while the public sector service providers lost them.

Overall broadband internet service providers

The top-five service providers (across wired, mobile wireless and fixed wireless, such as Wi-fi, Wi-Max, point-to-point, radio, and V-Sat) constituted 92.17 percent share of the total broadband subscribers at the end of October 2017. These service providers were Jio (145.96 million), Bharti Airtel (66.92 million), Vodafone (48.42 million), Idea Cellular (31.03 million), and BSNL (21.21 million).

Top-five wireless broadband internet service providers

In October 2017, the wireless broadband internet subscriber base in India grew by 15.34 million. Jio numbers have been mentioned above. Airtel reported the second largest addition of wireless subscribers in the month with 4.63 million additions to reach a subscriber base of 64.8 million. Vodafone added 2.44 million subscribers in the month under review and reached a subscriber base of 48.41 million followed by Idea Cellular which added 1.42 million subscribers with a subscriber base of 31.03 million as on 31 October. Anil Dhirubhai Ambani-led Reliance Communications Limited (RCom) had a stable wireless broadband subscriber base in October 2017 of 8.98 million.

According to Trai data, as on 31 October 2017, the top-five wireless broadband service providers were Jio (145.96 million), Bharti Airtel (64.80 million), Vodafone (48.41 million), Idea Cellular (31.03 million), and Reliance Communications (8.98 million).

Top-five wireline broadband internet service providers

As on 31 October 2017, the top-five wired broadband service providers were BSNL (9.48 million), Airtel (2.13 million), Atria Convergence Technologies or ACT(1.26 million), MTNL (0.94 million), and Hathway Cable & Datacom (0.68 million). As mentioned above, Airtel, ACT and Hathway gained 0.01 million, 0.02 million and 0.01 million subscribers, respectively, in October 2017 while BSNL and MTNL lost 0.06 million and 0.1 million subscribers, respectively.

Other broadband internet service providers

MSOs and (LCOs) or cable video service providers also offer wired broadband internet services in the country. These cable service providers have a number of subsidiaries and alliances, hence broadband numbers are split as applicable. The consolidated subscription numbers of these entities could be larger than the numbers of some of the wired internet services providers mentioned above. However, it must be noted that some of these MSOs and LCOs could have lost subscribers in October 2017 considering that the top-five wired broadband internet services providers have lost only 0.03 million of the 0.06 million wireline internet subscribers in during the month.

December 13, 2017
Broadband: Jio leads wireless; Hathway enters top-five list

BENGALURU: Mukesh Ambani’s Reliance Jio Infocomm Limited (Jio) continued expanding its subscriber base one year after launch as per Telecom Regulatory Authority of India (TRAI) data for September 2017 (Sep-17, as on 30 September 2017, month under review). The wireless broadband internet subscriber base in India grew by 8.41 million to which Jio added 70 percent or 5.94 million subscribers during the month.

The heavily indebted Anil Ambani-led Reliance Communications Limited (RCom), which will shut voice call services from 1 December 2017, continued to lose wireless broadband internet subscribers in Sep-17. RCom lost 1.89 million subscribers during the period under review.

In the meantime, the wireline broadband internet subscriber base in the country continued the decline that commenced in July-17. Wireline broadband internet subscriber base in India fell by 0.106 million in September 2017 to 18.04 million from 18.11 million at the end of August 2017.

Hathway Cable and Datacom Limited (Hathway) entered the list of top five wireline broadband internet service providers in the country at fifth place with an internet subscriber base of 0.67 million. It displaced You Broadband which had a subscriber base of 0.66 million as on 31 August 2017.

Among the top five wireline broadband services providers in the country from the August 2017 list, only Bharati Airtel (Airtel) which is ranked second added 0.01 million subscribers to reach wireline internet subscriber bases of 2.12 million. The third largest wireline internet player in India and probably the largest private sector player in South India- Atria Convergence Technologies (ACT) reported no change in its August 2017 internet subscriber base of 1.24 million.

The fall in wireline internet subscribers was once again led by the public sector government telecom companies – Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telecom Nigam Limited (MTNL). The former lost 0.06 million subscribers, while the latter lost 0.01 million in September 2017. The largest wireline internet player in terms of subscribers, BSNL, closed September 2017 with a wireline internet subscriber base of 9.54 million, while its smaller public sector peer closed the month with a subscriber base of 0.95 million. MTNL is the fourth largest wireline internet services provider in the country in terms of subscriber base.

Overall broadband internet service providers

The top five broadband service providers (wireless and wireline) constituted 91.64 percent market share of the total broadband subscribers at the end of Sep-17. These service providers were Jio (138.62 million), Airtel (62.29 million), Vodafone (45.98 million), Idea Cellular (29.61 million) and BSNL (21.24 million).

Top five wireless broadband internet service providers

As on 30 September 2017, the top five wireless broadband service providers were Jio (138.62 million), Airtel (60.17 million), Vodafone (45.97 million), Idea Cellular (29.61 million) and Reliance Communications (8.98 million).

After Jio, Vodafone added the second largest number of wireless subscribers – 2.42 million or 28.5 percent of the total subscribers added in September 2017. Airtel added 21.4 million or the third largest number of wireless subscribers (25.2 percent while Idea cellular added 0.15 million wireless internet subscribers.

Other broadband internet service providers

Multi-system operators (MSOs) and local cable operators (LCOs) or cable video service providers also provide wired broadband internet services in the country. These cable service providers have a number of subsidiaries and alliances, hence broadband numbers are split as applicable. The consolidated subscription numbers of these entities could be larger than the numbers of some of the wired internet services providers mentioned above. However, it must be noted that some of these MSOs and LCOs could have lost subscribers in September 2017, considering the fact that the top five wired broadband internet services providers have lost only 0.05 million of the 0.106 million wireline internet subscribers in September 2017.

November 23, 2017
Aug-17:Jio leads broadband subscriber growth, BSNL leads wireline subscriber decline

BENGALURU: India’s broadband subscriber base grew 1.81 percent in the month of August 2017 (Aug-17) by 5.61 million to 316.48 million from 310.87 million at the end of July 2017 (Jul-17). The growth was led by the Mukesh Ambani-led unstoppable juggernaut Reliance Jio Infocomm Limited (Jio), which added 4.1 million new subscribers in August 2017 to take its subscriber base to a staggering 132.68 million. At the same time, the government’s Bharat Sanchar Nigam Limited (BSNL) reported a loss of 60,000 wireline internet subscribers – to take its wireline subscriber base to 9.60 million from 9.66 million in the previous month. Overall, wireless subscriber numbers grew, while wireline and fixed wireless subscriber numbers continued to decline in Aug-17 as compared to the numbers reported for Jul-17.

As per data published by the Telecom Regulatory Authority of India (TRAI), the top five service broadband internet service providers (across all platforms – wireless, wireline, fixed wireless (Wi-Fi, Wi-Max, Point-to- Point Radio & VSAT) constituted 90.85 percent market share of the total broadband subscribers at the end of Aug-17. These service providers were Jio (132.68 million), Bharti Airtel (60.14 million), Vodafone (43.56 million), Idea Cellular (29.46 million) and BSNL (21.69 million).

Wireless Broadband Internet Subscribers

As mentioned above, Jio still continued to lead growth in wireless broadband internet subscribers in the country eleven months after its commercial launch on 5 September 2016. Jio has added 60.52 million subscribers in calendar year 2017 (CY-17) until Aug-17.

The top five wireless broadband service providers were Jio (132.68 million), Bharti Airtel (58.03 million), Vodafone (43.55 million), Idea Cellular (29.46 million) and Reliance Communications (10.87 million).

Wired Broadband Internet Subscribers

The top five wired broadband srvice providers were BSNL (9.60 million), Bharti Airtel (2.11 million), Atria Convergence Technologies or ACT (1.24 million), MTNL (0.96 million) and You Broadband (0.66 million).

ACT Broadband, probably the largest private wired internet service player in South India, continued to lead subscriber acquisitions in calendar year 2017 (CY-17, since 31 December 2016 or Dec-16) to Aug-17 with the addition of about 0.12 million broadband internet subscribers. Airtel has added around 70,000 wireline broadband internet service providers in CY-17 until Aug-17.

As per TRAI data, the broadband wireline subscriber base in India declined in Aug-17 to 18.10 million from 18.40 million in Jul-17. Among the top five wireline broadband internet services providers in the country, BSNL and MTNL lost 60,000 and 10,000 subscribers respectively in the month of Aug-17. Airtel, the second largest wireline broadband internet player and ACT, reported a gain of 10,000 subscribers each and You Broadband reported a steady subscriber base of 0.66 million. This implies that the other wireline broadband internet service providers in the country besides those mentioned above gained 0.2 million subscribers in the month of Aug-17. Amongst the other wireline broadband internet service providers are multi-system operators and local cable operators that provide internet services through their video cables using technology that includes various versions of DOCSIS technology.

November 10, 2017
June: Jio & ACT lead wireless, wired broadband subs growth

BENGALURU:MukeshAmbani’s Reliance Jio juggernaut continued leading growth in wireless broadband internet in the country nine months after its commercial launch on 5 September 2016. Jio has added 51.2 million subscribers in calendar year 2017 (CY-17) until 30 June 2017 (Jun-17) At the same time, ACT Broadband, probably the largest private wired internet service player in South India, continued to lead subscriber acquisitions in CY-17 with the addition of about 100,000 (0.1 million) broadband internet subscribers until Jun-17.

Wireless broadband numbers grew 9.14 million or 3.35 percent month-on-month (m-o-m) in Jun-17 to 281.99 million from 272.85 million in May-17 according to Telecom Regulatory Authority of India (TRAI) data for the month of June 2017. Jio’s subscriber base grew by 13.68 percent in Jun-17.The top 5 wireless broadband service providers were Reliance JioInfocomm Ltd (123.36 million), Bharti Airtel (53.25 million), Vodafone (41.13 million), Idea Cellular (26.37 million) and Reliance Communications (13.54 million). Please refer to the figure below:

The figure below shows the m-o-m subscriber base growth of the top 5 service providers in India.

Top five broadband internet service providers constituted 89.08 percent market share of the total broadband subscribers at the end of Jun-17. The subscriber base of these service providers was Reliance JioInfocom Ltd (123.36 million), Bharti Airtel (55.34 million), Vodafone (41.14 million), Idea Cellular (26.37 million) and BSNL (21.76 million).

In the case of wired broadband subscribers, the all India subscriber base grew by 0.19 million or by 1.04 percent in CY-17 – from 18.14 million on 1 January 2017 to 18.33 million as on 30 June 2017.

As on 30 June 2017, the top five Wired Broadband Service providers were BSNL (9.73 million), Bharti Airtel (2.1 million), Atria Convergence Technologies (1.22 million), MTNL (0.98 million) and You Broadband (0.65 million). Among the top 5 wired broadband internet service providers the government run providers – Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telecom Nigam Limited (MTNL) lost subscribers, Airtel saw an increase of 10,000 subscribers, while ACT and You Broadband both gained subscribers in June 17 as compared to May 17. Please refer to the figure below.

It must be noted thatTRAI reports indicate data in millions of numbers up to 2 decimal places. Hence it is assumed in this report that a figure of 0.51 million (5.1 lakh) subscribers for You BB for Dec-2015 would be granular to the nearest 10,000. While percentages have been mentioned up to two decimal places, the accuracy may vary, depending upon the exact number.

Multi-system operators (MSOs’) and Local cable operators (LCOs’) or cable video service providers also provide broadband internet services in the country. These cable service providers have a number of subsidiaries and alliances, hence broadband numbers are split as applicable. The consolidated subscription numbers of these entities could be larger than the numbers of some of the wired internet services providers mentioned above.

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August 16, 2017
Broadband subs growth slows further, wireline broadband loses subs

BENGALURU: The growth of broadband subscribers has been slowing over the past few months. Telecom Regulatory Authority of India data for the month of May 2017 (as on 31 May 2017) indicates that wireless internet subscribers increased by just 0.22 percent in May-17 to 272.85 million from 265.43 million in April 2017. Top five broadband internet service providers constituted 88.23 percent market share of the total broadband subscribers at the end of May-17. These service providers were Reliance JioInfocom Ltd (117.34 million), Bharti Airtel (53.30 million), Vodafone (40.43 million), Idea Cellular (24.63 million) and BSNL (21.59 million).

As on 31 May, 2017, the top five Wireless Broadband Service providers were Reliance JioInfocomm Ltd or Jio (117.34 million), Bharti Airtel (51.21 million), Vodafone (40.42 million), Idea Cellular (24.63 million) and Reliance Communications (14.46 million). Month-on-Month (MoM) growth in May-17 as compared to April-17 was:

Please refer to the figures below:

Overall growth of mobile broadband subscribers in May-17 with respect to April-17 was: 3.12 percent; Jiogrew by 4.2 percent; Airtel grew by 2.07 percent; Vodafone by 1.69 percent; Idea Cellular by 2.24 percent and Reliance Communications grew by 3.29 percent. The upside of the growth numbers was that both Idea Cellular and Reliance Communications witnessed positive subscriber growth in May-17 as opposed to de-growth in the previous month (April-17) as compared to March-17.

In the meantime, wired broadband internet subscribers declined 0.11 percent in May-17 to 18.23 million from 18.25 million in April-17. As on 31 May, 2017, the top five Wired Broadband Service providers were BSNL (9.80 million), Bharti Airtel (2.09 million), Atria Convergence Technologies (1.20 million), MTNL (0.99 million) and You Broadband (0.64 million). Among the top 5 wired broadband internet service providers the government run providers – Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telecom Nigam Limited (MTNL) lost subscribers, Airtel saw no change, while the minnows ACT and You Broadband both gained subscribers in May17 as compared to April 17

In CY-17 until May-17, ACT has added the largest number of wired internet subscribers at 80,000, followed by Airtel with 50,000 additions. You BB added 40,000 subscribers, while BSNL lost 150,000 and MTNL lost 50,000 subscribers during the same period.

Notes: (1) The Indian numbering system or the Vedic numbering system has been used at some places in this paper/charts to denote numerical 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.

(2) TRAI reports indicate data in millions of numbers up to 2 decimal places. Hence it is assumed in this report that a figure of 0.51 million (5.1 lakh) subscribers for You BB for Dec-2015 would be granular to the nearest 10,000. While percentages have been mentioned up to two decimal places, the accuracy may vary, depending upon the exact number.
(3) MSOs’ have a number of subsidiaries and alliances, hence broadband numbers are split as applicable. The consolidated subscription numbers of these entities could be larger. Hathway is a case in point.

July 17, 2017
ACT still leads in wired sub addition, Idea & BSNL lose wireless subs

BENGALURU: Atria Convergence Technologies Pvt. Ltd (ACT) continued to lead in wired broadband internet subscribers additions in calendar year 2017 (CY-17) until 30April 2017 (Apr-17) as per data released by the Telecom Regulatory Authority of India (TRAI). ACT added 70,000 subscribers, of which 20,000 were added inApril 2017 followed by Indian telecom major Bharti Airtel Limited (Airtel) and You Broadband which added 10,000 subscribers each during the same period.

The MukeshDhirubhaiAmbani led Reliance Industries Limited juggernaut Reliance JioInfocom Limited (Jio) continued as the company with the largest wireless broadband internet subscriber base in the country – all of it being wireless so far. Having overtaken the incumbent biggest wireless broad band internet player until Oct-16, Airtel, Jio had a subscriber base of 112.55 million (1125.5 lakh) in Apr-17. Its peers in the wireless internet space – Idea and BSNLbled subscribers. Idea Cellular lost 2.95 million (29.5 lakh) subscribers in the month of April 2017, while BSNL lost 1.22 million (12.2 lakh) subscribers during the same period.

1.1 lakh (0.11 million) wired broadband internet subscribers were added in CY-17 as per TRAI data. Among the wireline ISP’s,BSNL is the biggest player by far with 99.7 lakh subscribers. BSNL lost 10,000 wired broadband subscribers in CY-17.The second largest wireline ISP in India is Airtel, which closed Apr-17 with 20.9 lakh wireline subscribers, after adding just 10,000 subscribers to its wireline internet subscriber base during Apr-17 and 50,000 in CY-17. The third largest wireline broadband internet services provider was regional private player ACT Broadband with a subscriber base of 11.9 lakh at the end of Apr-18. The government run Mahanagar Sanchar Nigam Limited (MTNL) lost 40,000 subscribers in CY-17 and had a subscriber base of 10 lakh at the end of Apr-17. The fifth player in the list of top five wireline broadband internet service providers in the country is another regional player – You Broadband or You BB. The minnow’s subscriber base grew by 10,000 to 0.63 million (6.3 lakh) in Apr-17 vis-à-vis Mar-17. Please refer to the figure below:

The wireless broadband internet subscriber basein India in CY-17 grew 22.12 percent (48.07 million) from 217.36million to 265.43million in Apr-17. It was 251.71 million in Mar-17. During the same period, the wireless broadband subscriber base of the top five service providers grew by 52.09 million, indicating in general that though the overall wireless subscriber base grew, a number of subscribers switched loyalties and moved to 4 of the 5 top players – (Idea Cellular has lost subscribers, the other 4 players have gained in CY-2017).

The top five service wireless internet service providers subscriber base grew 3.44 percent (52.9 million) between Mar-17 and Apr-17. The top five wireless service providers constituted 88.04 percent market share (87.48 percent in Mar-17) of the total broadband subscribers at the end of Apr-17. These service providers were Jio(112.55 million), Airtel (52.25 million), Vodafone (39.76 million), Idea Cellular (24.09 million) and BSNL (21.58 million).

Please refer to the figure below for subscriber base of top 5 wireless broadband internet service providers:

Among the top 5 wireless broadband internet services providers in the country, Jio has shown the highest growth. Please refer to the figure below for growth of top 5 wireless broadband internet service providers in the country:

Notes: (1) The Indian numbering system or the Vedic numbering system has been used at some places in this paper/charts to denote numerical 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.

(2) TRAI reports indicate data in millions of numbers up to 2 decimal places. Hence it is assumed in this report that a figure of 0.51 million (5.1 lakh) subscribers for You BB for Dec-2015 would be granular to the nearest 10,000. While percentages have been mentioned up to two decimal places, the accuracy may vary, depending upon the exact number.
(3) MSOs’ have a number of subsidiaries and alliances, hence broadband numbers are split as applicable. The consolidated subscription numbers of these entities could be larger. Hathway is a case in point.

June 15, 2017
Reliance Jio capex at Rs 18k cr in Q1-18, Retail’s solid performance in FY-17

BENGALURU: The Mukesh Dhirubhai Ambani headed Reliance Industries Limited (RIL) reported its financial performance for the quarter / year ended 31 March 2017 (Q4-17/FY-17, current quarter/current year). RIL’s digital venture Reliance Jio Infocomm Limited (Jio) has been touted as the largest startup in the world with investments announced to the tune of Rs 1,50,000 crore. The company plans capex at Rs 18,000 crore for Q1-18. The company says that capex investments will drop sharply from Q2-18 onward. This is indeed a huge sum, when one considers the fact that its nearest peer and the largest telecom operator in terms of subscriber base until Jio overtook it, Bharti Airtel Limited (Airtel), had capex of Rs 20,591.9 crore during the entire financial year 2016. It may be noted that Airtel has operations in other geographies besides India, and the capex number mentioned above includes those countries also. RIL claims that Jio contributes to more than 80 percent of data consumption in India.

Further, RIL plans capex of Rs 2,500 crore for fiscal 2018 for its organized retail segment – Reliance Retail Limited (Retail segment) that had a phenomenal performance during FY-17. Reliance Retail reported revenue of Rs 33,765 crore for fiscal 2017, 60.2 percent more than the Rs 21,075 crore reported in the previous year. Quarter-on-quarter (q-o-q), the segment’s revenue in Q4-17 at Rs 10,332 crore was 18.9 percent more than the Rs 8,688 crore in Q3-17 and year-on-year (y-o-y) it was 83 percent more than the Rs 5,646 crore in Q4-16.

The Retail segment’s EBIT in FY-17 at Rs 784 crore (2.3 percent EBIT margin) was 55.6 percent more than the Rs 504 crore (2.4 percent EBIT margin) in the previous year. Q4-17 EBIT at Rs 243 crore (2.4 percent EBIT margin) was 5.2 percent more that Rs 231 crore (2.7 percent EBIT margin) and 89.8 percent more y-o-y than Rs 128 crore (2.3 percent EBIT margin).

The Retail segment’s Business PBIT in FY-17 at Rs 1,203 crore was 40.4 percent more than the Rs 857 crore in FY-16. Business PBIT in Q4-17 at Rs 366 crore was 9.9 percent more q-o-q than Rs 333 crore and 65.6 percent more y-o-y than Rs 221 crore.

RIL’s Revenue (turnover) increased by 12.3 percent in FY-17 to Rs 3,30,180 crore from Rs 2,93,298 crore in FY-16. The company’s revenue increased 10.3 percent q-o-q to Rs 92,889 crore in Q4-17 as compared to Rs 84,189 crore and increased 45.2 percent y-o-y from Rs 63,954 crore.

Overall RIL reported record annual consolidated net profit of Rs 29,901 crore in FY-17, up 18.8 percent as compared to the Rs 25,171 crore in FY-16. Consolidated net profit for Q4-17 at Rs 8,046 crore was 6.8 percent higher q-o-q as compared to Rs 7,533 crore and was 12.3 percent higher y-o-y than the Rs 7,167 crore.

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.

April 25, 2017
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.

January 16, 2017
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.

January 16, 2017
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

October 20, 2016