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How Reliance's Jio Platforms Fared Amid Covid Second Wave inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Jio says it had 16.68 exabytes of traffic in Q4FY21; user base up to 426 million Jio’s data traffic continues to grow steadily as it adds more users; its 426 million-strong user base used 16.68 exabytes of data in the quarter ended March 31, 2020. That translates to over 16 billion gigabytes of traffic. This is up 26.7% YoY. RIL Joint CFO V Srikanth said this translated to “2.3 GB per customer usage of data and about 823 minutes of voice” on a monthly basis. Revenue from operations stood at Rs 18,278 crore, up 18.9% YoY. Source: Reliance Industries Limited User addition was a lot better than last quarter on a net basis, the company added about 15 million new subscribers. In the previous quarter, Jio had blamed rhetoric around the farmer protests for causing high churn on its business, and it added around 5 million subscribers in Q3. ....
Ambani’s RIL flags economic pain as virus devastates India SECTIONS Last Updated: May 01, 2021, 09:37 AM IST Share Synopsis Reliance Industries Ltd., India’s largest company by market value and one that’s considered a bellwether for the broader economy, said it hasn’t escaped a devastating new wave of the coronavirus and warned of more pain unless the surge is quickly curbed. Reliance, whose earnings missed analysts estimates for the March quarter, has signaled more pain in the days ahead unless the virus wave peaks out soon. By P R Sanjai and Dhwani Pandya Reliance Industries Ltd., India’s largest company by market value and one that’s considered a bellwether for the broader economy, said it hasn’t escaped a devastating new wave of the coronavirus and warned of more pain unless the surge is quickly curbed. ....
Mukesh Ambani flags economic pain in his books as virus devastates India SECTIONS Mukesh Ambani flags economic pain in his books as virus devastates IndiaBy P R Sanjai and Dhwani Pandya, Bloomberg Last Updated: May 01, 2021, 08:07 AM IST Share Synopsis The disclosure underscores the impact India’s deep humanitarian and health care crisis is having on its citizens billionaires or not either through desperate pleas on social media for oxygen or via the earnings of large conglomerates. Reuters Reliance Industries Ltd., India’s largest company by market value and one that’s considered a bellwether for the broader economy, said it hasn’t escaped a devastating new wave of the coronavirus and warned of more pain unless the surge is quickly curbed. ....
Jio Platforms Q4 net profit up 47.5% on yr; Jio ARPU drops to Rs 138.2 SECTIONS Jio Platforms Q4 net profit up 47.5% on yr; Jio ARPU drops to Rs 138.2ET Bureau Last Updated: May 01, 2021, 07:21 AM IST Share Synopsis JPL, established in October 2019 as a wholly-owned unit of RIL, houses Mukesh Ambani-owned group’s telecom business under Reliance Jio Infocomm (Jio), the largest in the country, besides other digital properties and investments. The telecom business contributes to a bulk of JPL’s revenue. Jio ended the quarter with 426 million. Jio Platforms’ (JPL) net profit rose 47.5% on year in the January-March quarter, on the back of a 19% rise in revenue, driven by strong mobile phone subscriber addition and higher data consumption. ....