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Tag: Reliance Industries Limited

  • 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

  • Reliance Jio announces acquisition of 269.2 MHz spectrum

    Reliance Jio announces acquisition of 269.2 MHz spectrum

    Mumbai, 6th October 2016: Reliance Jio Infocomm Ltd (“RJIL”) announces that it has successfully acquired the right to use 269.2 MHz (UL+DL) spectrum across all 22 Service Areas in India in the recently concluded spectrum auction conducted by DOT, Government of India. Service Area wise details of spectrum acquired are as per below:

    Service Area 800 MHz band (Paired)

    1800 MHz band

    (Paired)

    2300 MHz band

    (Unpaired)
    Andhra Pradesh – – 10.00
    Assam – – 10.00
    Bihar – 5.00 10.00
    Delhi – – 10.00
    Gujarat 5.00 – 10.00
    Haryana – 1.00 –
    Himachal Pradesh – 5.00 10.00
    Jammu & Kashmir – 10.00 –
    Karnataka – – 10.00
    Kerala – – 10.00
    Kolkata – – 10.00
    Madhya Pradesh – – 10.00
    Maharashtra – – 10.00
    Mumbai – – 10.00
    North East – – 10.00
    Odisha – – 10.00
    Punjab 3.75 5.20 –
    Rajasthan 5.00 – –
    Tamil Nadu – – 10.00
    Uttar Pradesh (East) 1.25 3.40 –
    Uttar Pradesh (West) – 5.00 –
    West Bengal – 5.00 10.00
    Total 15.00 39.60 160.00

    Enhancement of spectrum footprint

    RJIL has renewed its expiring spectrum in 800 MHz band in Gujarat circle and purchased additional spectrum in the 800 MHz, 1800 MHz and 2300 MHz bands at 6.5% premium to reserve price.

    Through this acquisition, RJIL’s total spectrum footprint has increased to 1,108 MHz(UL+DL) with an average life of over 16 years, further strengthening its leadership position in liberalized spectrum holdings. RJIL’s spectrum footprint ensures availability of spectrum in all the three bands across the country and enhances its network capacity at negligible incremental capital and operating expenditure.

    Mukesh D Ambani, Chairman, Reliance Industries Limited, said “We have expanded our spectrum footprint thereby significantly enhancing capacity of our all-IP data strong network and ensuring world class services for all Indians. Jio is committed to taking India to global digital leadership by bringing the power of data to all Indians.”

    Cost

    The payment to be made for the right to use of this technology agnostic spectrum for a period of 20 years is Rs. 13,672crore, as per the details below:

    (amount in Rs. crore)

    Frequency Band

    Total Payment

    800 MHz

    3,623

    1800 MHz

    2,154

    2300 MHz

    7,895

    Total

    13,672

    The above results are provisional and subject to DOTconfirmation.

     

     

     

  • Reliance Jio announces acquisition of 269.2 MHz spectrum

    Reliance Jio announces acquisition of 269.2 MHz spectrum

    Mumbai, 6th October 2016: Reliance Jio Infocomm Ltd (“RJIL”) announces that it has successfully acquired the right to use 269.2 MHz (UL+DL) spectrum across all 22 Service Areas in India in the recently concluded spectrum auction conducted by DOT, Government of India. Service Area wise details of spectrum acquired are as per below:

    Service Area 800 MHz band (Paired)

    1800 MHz band

    (Paired)

    2300 MHz band

    (Unpaired)
    Andhra Pradesh – – 10.00
    Assam – – 10.00
    Bihar – 5.00 10.00
    Delhi – – 10.00
    Gujarat 5.00 – 10.00
    Haryana – 1.00 –
    Himachal Pradesh – 5.00 10.00
    Jammu & Kashmir – 10.00 –
    Karnataka – – 10.00
    Kerala – – 10.00
    Kolkata – – 10.00
    Madhya Pradesh – – 10.00
    Maharashtra – – 10.00
    Mumbai – – 10.00
    North East – – 10.00
    Odisha – – 10.00
    Punjab 3.75 5.20 –
    Rajasthan 5.00 – –
    Tamil Nadu – – 10.00
    Uttar Pradesh (East) 1.25 3.40 –
    Uttar Pradesh (West) – 5.00 –
    West Bengal – 5.00 10.00
    Total 15.00 39.60 160.00

    Enhancement of spectrum footprint

    RJIL has renewed its expiring spectrum in 800 MHz band in Gujarat circle and purchased additional spectrum in the 800 MHz, 1800 MHz and 2300 MHz bands at 6.5% premium to reserve price.

    Through this acquisition, RJIL’s total spectrum footprint has increased to 1,108 MHz(UL+DL) with an average life of over 16 years, further strengthening its leadership position in liberalized spectrum holdings. RJIL’s spectrum footprint ensures availability of spectrum in all the three bands across the country and enhances its network capacity at negligible incremental capital and operating expenditure.

    Mukesh D Ambani, Chairman, Reliance Industries Limited, said “We have expanded our spectrum footprint thereby significantly enhancing capacity of our all-IP data strong network and ensuring world class services for all Indians. Jio is committed to taking India to global digital leadership by bringing the power of data to all Indians.”

    Cost

    The payment to be made for the right to use of this technology agnostic spectrum for a period of 20 years is Rs. 13,672crore, as per the details below:

    (amount in Rs. crore)

    Frequency Band

    Total Payment

    800 MHz

    3,623

    1800 MHz

    2,154

    2300 MHz

    7,895

    Total

    13,672

    The above results are provisional and subject to DOTconfirmation.

     

     

     

  • Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    BENGALURU: The Mukesh Dhirubhai Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 June 2106 (Q1-17, current quarter). RIL’s organised retail segment contributes to less than 1 percent to gross revenues and yet, in terms of sheer numbers is bigger than most of other major players in the organised retail space in India. 

    Reliance Retail revenue for Q1-17 grew 45.8 percent year-over-year (y-o-y) to Rs 6,666 crore from Rs 4,572 crore in the corresponding year ago quarter (Q1-16). Quarter-over-quarter (q-o-q), the retail segment’s revenue also grew at double digits – a remarkable 18.6 percent from Rs 5,646 crore in the immediate trailing quarter (Q4-16). RIL says that the increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products.

    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.

    Reliance Retail reported segment EBIT (Earnings before interest and taxes) of Rs 148 crore (2.2 percent EBIT margin), 31 percent higher y-o-y as compared to Rs 113 crore (2.5 percent EBIT margin) and 15.6 percent higher q-o-q than Rs 128 crore (2.3 percent EBIT margin).

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, extended its trial services to all LYF devices users under the Jio LYF preview offer. (LYF is the mobile handset brand of Reliance Retail) This has enabled testing of all the services to customers outside the initial set of test users. RJIL now has over 15 lakh test users on its network claims an RIL release. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. The test program will be progressively upgraded into commercial operations in coming months says RIL.

    RIL chairman and managing director Mukesh Ambani said, “At Reliance Jio, we have built an entire ecosystem that will allow Indians to live the digital life to the fullest. This transformational ecosystem consists of broadband connectivity, devices and powerful applications and services which will be available to every consumer in India.”

    RIL numbers

    For Q1-17, RIL achieved a turnover of Rs 71,451 crore ($ 10.6 billion), a decrease of 13.4 percent, as compared to Rs 82,509 crore in the corresponding period of the previous year. The company says that decline in revenue was led by the 26 percent y-o-y decline in benchmark (Brent) oil price which averaged at $ 45.6/bbl (bbl is oil barrel) in Q1-17 as compared to $ 61.9/bbl in the corresponding period of the previous year. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments.

    Profit after tax including exceptional items was higher by 18.1 percent at Rs 7,113 crore ($ 1.1 billion) as against Rs 6,024 crore in the corresponding period of the previous year.

    Said Ambani, ““At Reliance, we continued to harness the power of our integrated energy and materials business portfolio. We maintained our earnings growth trajectory during this quarter, as the world grappled with new dimensions of economic uncertainty. Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. Our refining business delivered another record performance and achieved industry leading GRM (gross refining margin). Our petrochemicals business has a wide product portfolio, superior feedstock linkages and serves high-growth end-markets in India. As a result, we achieved yet another quarter of margin expansion in petrochemicals business and delivered EBIT growth of more than 20.5 percent y-o-y.”

  • Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    BENGALURU: The Mukesh Dhirubhai Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 June 2106 (Q1-17, current quarter). RIL’s organised retail segment contributes to less than 1 percent to gross revenues and yet, in terms of sheer numbers is bigger than most of other major players in the organised retail space in India. 

    Reliance Retail revenue for Q1-17 grew 45.8 percent year-over-year (y-o-y) to Rs 6,666 crore from Rs 4,572 crore in the corresponding year ago quarter (Q1-16). Quarter-over-quarter (q-o-q), the retail segment’s revenue also grew at double digits – a remarkable 18.6 percent from Rs 5,646 crore in the immediate trailing quarter (Q4-16). RIL says that the increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products.

    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.

    Reliance Retail reported segment EBIT (Earnings before interest and taxes) of Rs 148 crore (2.2 percent EBIT margin), 31 percent higher y-o-y as compared to Rs 113 crore (2.5 percent EBIT margin) and 15.6 percent higher q-o-q than Rs 128 crore (2.3 percent EBIT margin).

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, extended its trial services to all LYF devices users under the Jio LYF preview offer. (LYF is the mobile handset brand of Reliance Retail) This has enabled testing of all the services to customers outside the initial set of test users. RJIL now has over 15 lakh test users on its network claims an RIL release. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. The test program will be progressively upgraded into commercial operations in coming months says RIL.

    RIL chairman and managing director Mukesh Ambani said, “At Reliance Jio, we have built an entire ecosystem that will allow Indians to live the digital life to the fullest. This transformational ecosystem consists of broadband connectivity, devices and powerful applications and services which will be available to every consumer in India.”

    RIL numbers

    For Q1-17, RIL achieved a turnover of Rs 71,451 crore ($ 10.6 billion), a decrease of 13.4 percent, as compared to Rs 82,509 crore in the corresponding period of the previous year. The company says that decline in revenue was led by the 26 percent y-o-y decline in benchmark (Brent) oil price which averaged at $ 45.6/bbl (bbl is oil barrel) in Q1-17 as compared to $ 61.9/bbl in the corresponding period of the previous year. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments.

    Profit after tax including exceptional items was higher by 18.1 percent at Rs 7,113 crore ($ 1.1 billion) as against Rs 6,024 crore in the corresponding period of the previous year.

    Said Ambani, ““At Reliance, we continued to harness the power of our integrated energy and materials business portfolio. We maintained our earnings growth trajectory during this quarter, as the world grappled with new dimensions of economic uncertainty. Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. Our refining business delivered another record performance and achieved industry leading GRM (gross refining margin). Our petrochemicals business has a wide product portfolio, superior feedstock linkages and serves high-growth end-markets in India. As a result, we achieved yet another quarter of margin expansion in petrochemicals business and delivered EBIT growth of more than 20.5 percent y-o-y.”

  • RJIL issues INR 2,000 crore 5-year NCDs

    RJIL issues INR 2,000 crore 5-year NCDs

    MUMBAI: Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL), today issued INR 2,000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually. The issue has been assigned a rating of AAA by CRISIL and ICRA. The proceeds of the issuance shall be utilized by RJIL for rolling out a state-of-the-art digital services business in India.

    RJIL is the first issuer outside the financial services industry in India, to raise funds digitally through the EBP route. This is also the largest debt issuance in the Indian market by any issuer since the electronic bidding platform has been mandated by SEBI for private placement of debt, effective 1st July this year.

    The transaction was fully subscribed within minutes of opening and was eventually over-subscribed with a total book size in excess of INR 3500 crores, Reliance Jio said. Key investors include the prominent asset management companies and banks.

    “We are overwhelmed by the response that we have received for our maiden issuance on the BSE-BOND platform. It reinforces the faith investors have in our next generation digital services business. The launch of the EBP platform is a significant step towards the development of market infrastructure for Indian Corporate Bond market. It will make the debt issuance process significantly more smooth and transparent for issuers as well as investors” said Soumyo Dutta, Treasurer, Reliance Industries Limited.

  • RJIL issues INR 2,000 crore 5-year NCDs

    RJIL issues INR 2,000 crore 5-year NCDs

    MUMBAI: Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL), today issued INR 2,000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually. The issue has been assigned a rating of AAA by CRISIL and ICRA. The proceeds of the issuance shall be utilized by RJIL for rolling out a state-of-the-art digital services business in India.

    RJIL is the first issuer outside the financial services industry in India, to raise funds digitally through the EBP route. This is also the largest debt issuance in the Indian market by any issuer since the electronic bidding platform has been mandated by SEBI for private placement of debt, effective 1st July this year.

    The transaction was fully subscribed within minutes of opening and was eventually over-subscribed with a total book size in excess of INR 3500 crores, Reliance Jio said. Key investors include the prominent asset management companies and banks.

    “We are overwhelmed by the response that we have received for our maiden issuance on the BSE-BOND platform. It reinforces the faith investors have in our next generation digital services business. The launch of the EBP platform is a significant step towards the development of market infrastructure for Indian Corporate Bond market. It will make the debt issuance process significantly more smooth and transparent for issuers as well as investors” said Soumyo Dutta, Treasurer, Reliance Industries Limited.

  • Q3-2016: Reliance organised retail continues on growth path, Jio launched

    Q3-2016: Reliance organised retail continues on growth path, Jio launched

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited’s (RIL) organised retail segment – Reliance Retail, continued its growth momentum and profitability in the quarter ended 31 December, 2105 (Q3-2016, current quarter, Q3-16).

     

    RIL chairman and managing director Ambani said, “Our portfolio of world-class refining and petrochemical assets are paying-off handsomely. Refining business delivered yet another record performance on the back of seven-year high refining margins and highest ever crude throughput. In the current nine-month period, our refining business EBIT has surpassed the record earnings it achieved in FY-2015. The petrochemical business also delivered amongst its best quarterly performance, driven by robust polymer margins. The benefits of low crude oil and energy prices for our downstream businesses clearly outweigh the impact of these factors on our upstream segment, reflecting in the record earnings for the quarter.”

     

    “In the last quarter we also achieved significant milestones in our consumer facing businesses. In the biggest ever launch, Jio services have been offered to over 100,000 group employees and their families enabling them to experience the world-class digital services and applications, and help co-creating the best experience for all our customers. Our retail business crossed Rs 6,000 crore quarterly revenue milestone with a footprint now encompassing over 3,000 stores in 371 cities,” added Ambani.

     

    Revenues from RIL’s retail segment for Q3-2016 grew by 28.9 per cent YoY to Rs 6,042 crore (8.9 per cent of consolidated net turnover) as compared to Rs 4,686 crore (five per cent of consolidated net turnover) and grew 18.7 per cent QoQ as compared to Rs 5,091 crore (7.2 per cent of consolidated net turnover). RIL says that consolidated its leadership position in the grocery category. It further optimised its network operations to enhance profitability across the grocery retailing chain. Several private label products were launched under various grocery and general merchandise categories during the quarter. These continue to attract consumers due to compelling value proposition and great quality.

     

    The business delivered operating profit growth of 10.5 per cent YoY at Rs 147 crore (2.4 per cent margin)in Q3-2016 as against Rs 133 crore, and grew 25.6 per cent QoQ as compared to Rs 117 crore in Q2-2016.

     

    RIL numbers

     

    For Q3-2016, RIL achieved a consolidated net turnover of Rs 68,261 crore, a decrease of 27 per cent YoY, as compared to Rs 93,528 crore in Q3-2015 and 3.7 per cent lower than the Rs 70,901 crore in the immediate trailing quarter.

     

    However, RIL’s net profit after tax (PAT) increased 39.3 per cent YoY in Q3-2016 to Rs 7,431 crore as compared to the Rs 5,271 crore in Q3-2015 and increased 9.4 per cent as compared to the Rs 6,709 crore in the previous quarter.

     

    Reliance Jio Infocomm Limited

     

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, is rolling out a state-of-the-art pan India digital services business. In addition to fixed and wireless broadband connectivity offering superior voice and data services on an all-IP network, RJIL says that it will also offer end-to-end solutions that address the entire value chain across various digital services in key domains such as education, healthcare, security, communication, financial services, government-citizen interfaces and entertainment. RJIL aims to provide anytime, anywhere access to innovative and empowering digital content, applications and services, thereby propelling India into global leadership in digital economy. RJIL aims to bring connected intelligence to the country through its extensive true 4G connectivity.

     

    RJIL is the first telecom operator to hold pan India Unified License. It holds 751.10 MHz of liberalised spectrum across the 800 MHz, 1800 MHz and 2300 MHz bands. RJIL plans to provide seamless 4G services using LTE in 800 MHz, 1800 MHz and 2300 MHz bands through an integrated ecosystem. The combined spectrum footprint across frequency bands provides significant network capacity and deep in-building coverage. In addition, RJIL has entered into agreements with RCOM for change in spectrum allotment in the 800 MHz band from RCOM to RJIL across nine circles and sharing of spectrum in the 800 MHz band across 17 circles.

     

    Media business

     

    Consolidated revenue and EBITDA of Network18 Media & Investments Limited was Rs 906 crore and Rs 95 crore, respectively during the quarter. Network18’s news channels (CNBC-TV18, CNBC Awaaz and CNN-IBN) and entertainment channels (Colors, Vh1, MTV, Nick) continued to be leaders in their respective genres says the company. Network18’s digital properties Moneycontrol and Bookmyshow continued to be market leaders. Moneycontrol launched new Android and iOS versions of Moneycontrol App during the quarter.

  • Q3-2016: Reliance organised retail continues on growth path, Jio launched

    Q3-2016: Reliance organised retail continues on growth path, Jio launched

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited’s (RIL) organised retail segment – Reliance Retail, continued its growth momentum and profitability in the quarter ended 31 December, 2105 (Q3-2016, current quarter, Q3-16).

     

    RIL chairman and managing director Ambani said, “Our portfolio of world-class refining and petrochemical assets are paying-off handsomely. Refining business delivered yet another record performance on the back of seven-year high refining margins and highest ever crude throughput. In the current nine-month period, our refining business EBIT has surpassed the record earnings it achieved in FY-2015. The petrochemical business also delivered amongst its best quarterly performance, driven by robust polymer margins. The benefits of low crude oil and energy prices for our downstream businesses clearly outweigh the impact of these factors on our upstream segment, reflecting in the record earnings for the quarter.”

     

    “In the last quarter we also achieved significant milestones in our consumer facing businesses. In the biggest ever launch, Jio services have been offered to over 100,000 group employees and their families enabling them to experience the world-class digital services and applications, and help co-creating the best experience for all our customers. Our retail business crossed Rs 6,000 crore quarterly revenue milestone with a footprint now encompassing over 3,000 stores in 371 cities,” added Ambani.

     

    Revenues from RIL’s retail segment for Q3-2016 grew by 28.9 per cent YoY to Rs 6,042 crore (8.9 per cent of consolidated net turnover) as compared to Rs 4,686 crore (five per cent of consolidated net turnover) and grew 18.7 per cent QoQ as compared to Rs 5,091 crore (7.2 per cent of consolidated net turnover). RIL says that consolidated its leadership position in the grocery category. It further optimised its network operations to enhance profitability across the grocery retailing chain. Several private label products were launched under various grocery and general merchandise categories during the quarter. These continue to attract consumers due to compelling value proposition and great quality.

     

    The business delivered operating profit growth of 10.5 per cent YoY at Rs 147 crore (2.4 per cent margin)in Q3-2016 as against Rs 133 crore, and grew 25.6 per cent QoQ as compared to Rs 117 crore in Q2-2016.

     

    RIL numbers

     

    For Q3-2016, RIL achieved a consolidated net turnover of Rs 68,261 crore, a decrease of 27 per cent YoY, as compared to Rs 93,528 crore in Q3-2015 and 3.7 per cent lower than the Rs 70,901 crore in the immediate trailing quarter.

     

    However, RIL’s net profit after tax (PAT) increased 39.3 per cent YoY in Q3-2016 to Rs 7,431 crore as compared to the Rs 5,271 crore in Q3-2015 and increased 9.4 per cent as compared to the Rs 6,709 crore in the previous quarter.

     

    Reliance Jio Infocomm Limited

     

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, is rolling out a state-of-the-art pan India digital services business. In addition to fixed and wireless broadband connectivity offering superior voice and data services on an all-IP network, RJIL says that it will also offer end-to-end solutions that address the entire value chain across various digital services in key domains such as education, healthcare, security, communication, financial services, government-citizen interfaces and entertainment. RJIL aims to provide anytime, anywhere access to innovative and empowering digital content, applications and services, thereby propelling India into global leadership in digital economy. RJIL aims to bring connected intelligence to the country through its extensive true 4G connectivity.

     

    RJIL is the first telecom operator to hold pan India Unified License. It holds 751.10 MHz of liberalised spectrum across the 800 MHz, 1800 MHz and 2300 MHz bands. RJIL plans to provide seamless 4G services using LTE in 800 MHz, 1800 MHz and 2300 MHz bands through an integrated ecosystem. The combined spectrum footprint across frequency bands provides significant network capacity and deep in-building coverage. In addition, RJIL has entered into agreements with RCOM for change in spectrum allotment in the 800 MHz band from RCOM to RJIL across nine circles and sharing of spectrum in the 800 MHz band across 17 circles.

     

    Media business

     

    Consolidated revenue and EBITDA of Network18 Media & Investments Limited was Rs 906 crore and Rs 95 crore, respectively during the quarter. Network18’s news channels (CNBC-TV18, CNBC Awaaz and CNN-IBN) and entertainment channels (Colors, Vh1, MTV, Nick) continued to be leaders in their respective genres says the company. Network18’s digital properties Moneycontrol and Bookmyshow continued to be market leaders. Moneycontrol launched new Android and iOS versions of Moneycontrol App during the quarter.

  • Q2-2016: Reliance Jio to ramp beta program; organized retail on growth path

    Q2-2016: Reliance Jio to ramp beta program; organized retail on growth path

    BENGALURU: The Mukesh Ambani led Reliance Industries Limited (RIL) organised retail segment – Reliance Retail, continued its growth momentum and profitability in the quarter ended 30 September, 2105 (Q2-2016, current quarter).

     

    RIL chairman and managing director Ambani said, “Reliance Retail achieved a milestone of Rs 5,000 crore quarterly turnover mark for the first time, reflecting continuing growth momentum in physical retailing. In Digital Services, we have substantially completed the network roll-out across the country and initiated the process of beta testing of our network and platforms.”

     

    “We achieved record levels of EBITDA and profits for the quarter, underscoring our ability to optimally utilise our assets across the value chain to leverage favourable market conditions. Refining business performance was notable, as it benefited from a combination of high utilisation levels, advantageous crude market opportunities and strong global fuels demand. Petrochemicals segment performance reflects strong volume growth, product mix improvement and lower energy costs,” he said.

     

    “We maintained a rapid pace of construction activity during the quarter. The company’s world-scale petroleum coke gasification facility and ethylene cracker complex remains on track for its planned 2016 start-up,” added Ambani.

     

    Revenues for Q2-2016 grew by 22 per cent Yo-Y to Rs 5,091 crore from Rs 4,167 crore and 8.4 per cent QoQ from Rs 4698 crore. RIL says that all format sectors grew through store additions as well as like for like growth ranging up to 16 per cent. The business delivered PBDIT growth of 12.9 per cent at Rs 210 crore in Q2-2016 as against Rs 186 crore in the corresponding period of the previous year, and PBIT growth of 3.4 per cent from Rs 203 crore in Q1-2016.

     

    Further, Reliance Retail expanded its reach with a net addition of 110 stores during the quarter. As on 30 September, 2015, Reliance Retail operated 2,857 stores across over 250 cities in India.

     

    The company says that Reliance Retail 2.0 initiatives encompassing fashion and lifestyle e-commerce, development of market place platform and building distribution ecosystem for Reliance Jio devices are on track and gearing up for rollout in a staged manner.

     

    Reliance Retail would soon launch its own brand of 4G LTE smartphones under the brand LYF. The brand built on the premise of unmatched user experience will offer high performance handsets that deliver a true 4G experience comparable to the best in the world. LYF range of smartphones with features like Voice over LTE (VoLTE), Voice over Wi-Fi (VoWi-FI), HD Voice and HD quality video calling will enable users to experience a new digital life.

     

    LYF phones will reach consumers across the country through one of the widest distribution and retail network for smartphones. The devices will soon be available at multi-brand outlets (MBOs) and modern trade including Reliance Retail stores across India.

     

    RIL numbers

     

    For Q2-2016, RIL achieved a turnover of Rs 75,117 crore, a decrease of 33.8 per cent, as compared to Rs 113,396 crore in Q2-2015 and 9.6 per cent lower than the Rs 83064 crore in the immediate trailing quarter.

     

    However, RIL’s net profit after tax (PAT) increased 12.5 per cent in Q2-2016 to Rs 6720 crore as compared to the Rs 5972 crore in Q2-2015 and increased 8 per cent as compared to the Rs 6222 crore in the previous quarter.

     

    Sale of Network18 shares

     

    In July 2015, RIL sold 3.25 crore shares of Network18 Media & Investments Limited, (representing 3.10 per cent of the equity capital of NW18) to bring down the aggregate shareholding of the promoter and promoter group to 75 per cent and increase the public shareholding to 25 per cent as mandated by Clause 40A of the listing agreement pursuant to Securities Contract (Regulation) Rules, 1957.

     

    Reliance Jio Infocomm Limited

     

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, has substantially completed its network roll-out across the country. The network is currently being tested and optimised. Most of the business platforms have been rolled out and are being tested in a limited use environment. Large number of testers have been employed by the company across the country to facilitate extensive testing of network and business platforms.

     

    The company expects to ramp up its beta program over the next few weeks to further optimise the network, prior to commercial launch of operations. Financial year 2016-17 is projected to be the first year of commercial operations for RJIL.

     

    RJIL has launched Wi-Fi hot spots across several locations in the country and has entered into agreements with some of the State and Local Authorities to provide Wi-Fi services. RJIL has also started rolling out last-mile connectivity for its fibre-to-the-home (FTTH) business.