Just In
- 12 min ago OnePlus Nord CE 4 Key Specifications Confirmed Ahead of Launch: Check Expected Price, Specifications
- 6 hrs ago IPL 2024: Best Airtel Prepaid Plans to Stream Indian Premier League
- 7 hrs ago Motorola Edge 50 Pro Price in India Leaked Ahead of Official Announcement
- 21 hrs ago Samsung Galaxy A55 vs Galaxy S23 FE: The Battle of Samsung’s Premium Mid-rangers!
Don't Miss
- Movies Aadujeevitham Advance Booking: Prithviraj And Blessy's Film Pre-Sales Cross ₹1.25 Crores In Kerala
- Sports RR vs LSG IPL 2024 Live Cricket Score Updates: Rajasthan Royals vs Lucknow Super Giants Match 4 Toss At 3 PM
- News Happy Holi 2024: Colorful Wishes, Messages, Quotes, and Statuses For WhatsApp And Facebook!
- Finance 1:1 Bonus Shares & 1:10 Stock Split: 4th April As Record Date; Buy FMCG Stock?
- Lifestyle Exclusive: Celebrity Saree Draper Dolly Jain's Tips On How To Get Ready On Holi And Stand Out In The Crowd
- Automobiles Top 5 Cars Used As Cabs In India: Breaking Down Their Dominance on the Roads
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
- Education UPSC ESIC Nursing Officer Recruitment 2024; Apply Online for 1930 Posts, Know more
Jio turned profitable in the very first year of operations: Company's Annual Report
The Company continues to make progress in delivering enterprise solutions, FTTH and IOT, with beta trials initiated in a few locations.
Mukesh Ambani-owned Reliance Jio said that Jio turned profitable in the very first year of operations.
"More subscribers were added to Jio's network in the last year than all other operators combined. Equally important, Jio turned profitable in the very first year of operations. Jio earned a net profit of ₹723 crore on the turnover of ₹23,714 crore in its first year of commercial operations," Reliance Industries Limited (RIL), parent firm of Jio, said in its annual report.
It said: Jio continued with its strong subscriber growth, with 186.6 million customers at the end of March 2018, and the lowest churn in the industry at 0.25 percent per month. Each Jio subscriber on an average consumes 9.7 GB data, 716 minutes of voice calls, and 13.8 hours of video per month.
Meanwhile, the company is looking at covering 99 percent of India's population by the end of the current fiscal.
"Our new-age consumer businesses achieved leadership positions nationally - their growth rates outpacing the best in the world. Jio, now the world's largest and fastest growing mobile data network, stunned the world and made us proud by turning profitable in the very first year of operations," RIL Chairman and Managing Director Mukesh Ambani said.
He added that from a mere 2 percent in FY 2016-17, Jio and Retail accounted for 13.1 percent of RIL's consolidated segment EBITDA in FY 2017-18.
"This was achieved notwithstanding a sharp 33.6 percent spurt in consolidated EBITDA to Rs 74,184 crore," Ambani said.
The report further pointed out that the Company continues to make progress in delivering enterprise solutions, FTTH and IOT, with beta trials initiated in a few locations. These services are being offered using the existing integrated network and platforms.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
8,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999