Report on Hindi News Viewership

Jio topline almost triples as op rev climbs in Q1-20

Revenue growth was helped by Dec’19 tariff hikes and subs acquisition


BENGALURU: Mukesh Dhirubhai Ambani’s largest start-up in the world Reliance Jio Infocomm Ltd (Jio Infocomm) saw standalone operating revenue climb 33.7 percent to Rs 16,557 crore for the quarter ended 30 June 2020 (Q1 2020, period or quarter under review) as compared to the Rs 12,383 crore for the corresponding year ago quarter Q1 2020. Standalone profit after tax (PAT) increased 182.83 percent (almost tripled) in the quarter under review to Rs 2,520 crore from Rs 891 crore in Q1 2020.

The company says in an earnings media release that customer addition in Q1 2021 was 0.99 crore despite the COVID2019 related impact. It closed the quarter with 39.83 crore subscribers and ARPU of Rs 140.30 per subscriber per month, higher than the Rs 130.6 in the immediate trailing quarter Q4 2020.

Jio Infocomm standalone EBITDA for Q1 2021 was Rs 7,005 crore, which was 50 percent higher y-o-y than the Rs 4,670 crore for Q1 2020. Standalone total income (net operating revenue plus other income. without GST) for Q1 2021 increased 35.8 percent y-o-y to Rs 16,833 crore from Rs 12,399 crore in Q1 2020. Jio Infocomm’s network standalone operating expenses during the period under review increased 36.6 percent to Rs 5,225 crore from Rs 3,284 crore.  Standalone access charges in Q1 2021 fell 10.4 percent to Rs 1,393 crore from Rs 1,555 crore. Standalone license fees/spectrum charges for Q1 2021 increased 41.3 percent y-o-y to Rs 1,818 crore from Rs 1,287 crore in Q1 2020. Standalone employee benefit expense in Q1 2021 fell 18.9 percent to Rs 318 crore from Rs 392 crore in Q1 2020. Standalone net finance cost in Q1 2021 declined 29.6 percent to Rs 1,168 crore from Rs 1,660 crore in Q1 2020. Standalone other expenses in Q1 2021 fell 3.7 percent y-o-y to Rs 523 crore from Rs 310 crore in Q1 2020.

Jio Platforms Ltd

Jio Platforms Ltd (Jio Platforms) is an Indian digital services company and a subsidiary of Reliance Industries Ltd. The company owns India's largest mobile network operator Jio Infocom and other digital businesses of Reliance Industries Ltd (RIL). Jio Platforms has raised Rs 152,056 crores to bolster Jio’s initiatives towards delivering breakthrough technologies and building the world’s leading digital services platform. Jio Platforms has raised the money across thirteen investors which includes Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures. Reliance Industries, post completion of these investments, would hold 66.48 percent equity stake in Jio Platforms on a fully diluted basis. Of the total investment, Jio Platforms Limited has already received Rs 1,15,694 crore as subscription amount.

Jio Platforms consolidated revenue for Q1 2021 increased 12.2 percent from Rs 15,373 crore reported for the immediate trailing quarter. Jio Platforms consolidated PAT for Q1 2021 increased 6 percent to Rs 2,519 crore from Rs 2,377 crore in Q4 2020. Jio Platforms consolidated EBITDA for Q1 2021 increased 12.8 percent q-o-q to Rs 7,047 crore from Rs 6,250 crore in Q4 2020.

Company Speak

RIL chairman and managing director Ambani said: “Jio started with a vision of connecting everything by building a robust and secure wireless and digital network and extending the benefits of digital connectivity to everyone in India. Thirteen investors, which include the largest technology companies and investors globally, now share a common vision with us. Jio Platforms Limited with partnerships across promising Indian start-ups and globally renowned technology companies is set to drive the next leg of hyper-growth for digital businesses. Our growth strategy is aimed at meeting the needs of all the 1.3 billion (130 crore) Indians. We remain focused on playing a leading role India’s transformation into a digital society.”

Reliance Industries

RIL consolidated revenue for the quarter was Rs 100,929 crore. Consolidated EBITDA for the quarter was Rs 21,585 crore. RIL says that despite lockdown due to COVID2019, net profit including exceptional items for the quarter was higher by 30.6 percent y-o-y at `Rs13,248 crore. Cash Profit was also higher by 16.7 percent y-o-y at Rs 18,893 crore. EPS including exceptional items for the quarter was Rs 20.7 per share, increased 22.1 percent y-o-y.

Latest Reads

ZEE5 announces season third of ‘Tripling’

Mumbai: ZEE5 has announced the third instalment of Tripling, featuring Sumeet Vyas, Maanvi Gagroo, Amol Parashar, Kumud Mishra, Shernaz Patel and Kunaal Roy Kapur in significant roles. Produced by Arunabh Kumar, the series is directed by Neeraj Udhwani; the story is by Arunabh Kumar and Sumeet Vyas...

iWorld Over The Top Services
OTTplay releases a series of TVCs with AI-based personalised recommendations

Mumbai: OTTplay has announced the launch of its first-of-its-kind personalised artificial intelligence-based feature that recommends content from a library of over 65,000+ web-series, movies, and shows, in 18+ genres and across many languages. The platform has tapped into the latest AI-powered...

iWorld Over The Top Services
PM Modi launches 5G services in India

On Saturday, prime minister Narendra Modi launched 5G services in India at the India Mobile Congress in New Delhi.

iWorld Telecom
With Filmrare, Shemaroo announces first-of-its-kind cinema on Decentraland metaverse

Mumbai: Shemaroo redefines the movie experience with the first of its kind, the Shemaroo Theatre. It will be accessible on one of the world’s most sought-after metaverse platforms—Decentraland, in partnership with Filmrare. This collaboration marks new beginnings for the global entertainment...

iWorld Over The Top Services
One Take Media announces new OTT app Playflix

Mumbai: The global production & distribution house, One Take Media, is all set to step into the OTT space with its new app, Playflix. Playflix is a content-streaming OTT app with a subscription model and is one of the first apps in India to offer international drama content in 11 Indian...

iWorld Over The Top Services
aha Tamil & Vetri Maaran’s Jallikattu-based ‘Pettaikaali’ to stream from this Diwali

Mumbai: aha Tamil is all set to offer yet another engrossing series titled Pettaikaali based on the world of Jallikattu. Collaborating with the iconic Vetri Maaran, one of the finest storytellers and filmmakers in the Indian film fraternity, the premise of this series will take the audience deep...

iWorld Over The Top Services
BBC Studios’ Natural History Unit to bring new podcast series from 4 October

BBC Studios has announced that producers of natural history programmes such as Planet Earth II and Blue Planet II are bringing their storytelling to audiences’ ears with a new podcast. Whether one is a nature lover, nature curious or haven’t yet realised nature is for one.

iWorld Over The Top Services
International streaming service Starzplay rebrands as Lionsgate+ in 35 countries

Mumbai: Starz has announced that its premium international streaming service, Starzplay, will rebrand as Lionsgate+ in 35 countries. This coincides with a new brand look and graphics package, rolling out globally on 29 September 2022.

iWorld Over The Top Services
Jio Studios & producer Mahaveer Jain launch Newcomers to encourage new talent

Mumbai: At Ficci Frames Fast Track 2022, Jio Studios along with producer Mahaveer Jain, launched an initiative, Newcomers. A consortium of 23 leading Indian filmmakers like Rajkumar Hirani, Rohit Shetty, Sukumar, Ashutosh Gowariker, Kabir Khan, Imtiaz Ali, Gauri Shinde and R. Balki, Aanand L Rai,...

iWorld Over The Top Services