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Jio reports Rs 504 crore profit in Q3

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NEW DELHI: Mukesh Ambani-led Reliance Jio Infocomm Limited (RJIL) today reported Rs. 6879.42 crore revenue, up 12.7% QoQ and a net profit of 504.38 crore for the period that ended 31st December, 2017.

This comes after the company reported a net loss of 270.59 crore in the previous quarter.

The company reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 2,628 crore, up 82.1% QoQ and EBITDA margin of 38.2%, and Standalone earnings before interest and tax (EBIT) of 1,436 crore, up 453.1% QoQ .

Jio’s consolidated value of services stood at 8,136 crore, up 12.8% over trailing quarter) and consolidated EBIT of 1,441 crore, up 452.1% over trailing quarter.

HIGHLIGHTS OF QUARTERPERFORMANCE (STANDALONE)

(In Crore)

3Q FY18

2Q FY18

Growth

(3Q FY18 over 2Q FY18)

Value of Services

8,114

7,197

12.7%

Operating revenue

6,879

6,147

11.9%

EBITDA

2,628

1,443

82.1%

EBITDA Margin (%)

38.2%

23.5%

EBIT

1,436

260

453.1%

Net Profit

504

(271)

Standalone revenue from operations of ` 6,879 crore (11.9% over trailing quarter)

Standalone EBITDA of ` 2,628 crore (82.1% over trailing quarter) and EBITDA margin of 38.2% (trailing quarter at 23.5%)

Standalone Net Profit of ` 504 crore

Subscriber base as on 31st Dec-17 of 160.1 million

Gross subscriber addition of 27.8 million; net subscriber addition of 21.5 million

ARPU of ` 154 per subscriber per month

Total wireless data traffic of 431 crore GB (9.6 GB per subscriber per month)

Total voice traffic of 31,113 crore minutes

Video consumption has crossed 200 crore hours per month on the network (13.4 hours of video consumption per subscriber per month)

Consolidated value of services of ` 8,136 crore (12.8% over trailing quarter) and consolidated EBIT of ` 1,441 crore (452.1% over trailing quarter)

Commenting on the results, Shri Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “I would like to thank all our customers for partnering with us in this revolution which has made India a global digital powerhouse. I congratulate all our employees and partners for the strong performance. Our commitment is to keep pushing newer innovative products which would radically transform customer lives and generate huge societal value.

Jio’s strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance.”

Strong Customer and Business Growth

Jio has continued its strong subscriber growth trend with gross adds during the quarter of 27.8 million (as against 19.5 million in the trailing quarter)

Net additions for the quarter of 21.5 million (15.3 million in the trailing quarter)

Jio continues to remain the fastest growing digital services company

Jio subscribers continue to demonstrate high activity level with average data consumption per user per month of 9.6 GB and average voice consumption of 694 minutes per user per month; these are both highest in the industry and substantially higher than other operators

Video consumption has crossed 200 crore hours per month on the network

Customer churn at 1.4% per month is the lowest in the industry

JioPhone has been launched successfully in the market

Jio tariff plans offer highest value to customers

Superior Network Quality

Continued expansion of 4G network coverage and further deepening in existing areas

On track to achieve 99% population coverage during the year

Only network to deploy pan-India 4G across the 800MHz/ 1800MHz/ 2300MHz bands

World’s largest mobile data consumption network – first Exabyte network in the world

Ranked fastest network over last 11 months by TRAI’s MySpeed Analytics app (average download speed of 21.8 Mbps as per TRAI)

Lowest call drop rate; 100% network availability

Largest Distribution and Service Network

Pan-India distribution channel with over 1 million retailers

Continuous enablement of distribution channel through latest platforms and services

Emphasis on digital channels showing customer acceptance

MyJio is the most popular self-care app

Financial Performance Reflects Business Potential

Positive Net Profit in the second quarter of commercial operations

Continued traction on customer usage and revenues

Strong operating margins due to business efficiencies and scalable business model

Business Update

Jio has built a next generation all-IP data network with latest 4G LTE technology. It is the only network built as a Mobile Video Network and providing Voice over LTE technology. Jio has built a future ready network which can easily deploy 5G and beyond technology in the last leg. Jio has created an eco-system comprising network, devices, applications and content, service experience and affordable tariffs for everyone to live the Jio Digital Life.

Jio has created a strong data network with infrastructure and backhaul for offering wireless services, wireline services, FTTH, Enterprise offering, IOT services and other digital services. These will lead to further data consumption on the network.

Jio continues its rapid ramp-up of subscriber base and as of 31st December 2017, there were 160.1 million subscribers on the network. This makes it India’s largest wireless data subscriber base, with the gap widening from the other operators. With gross additions of 27.8 million during the quarter, Jio continues to have a dominant share of all the new LTE smartphones sold in the country. The growth in subscriber base is getting further accelerated through the launch of JioPhone, which has expanded the reach of Jio Digital Services to all the feature phone users as well. Reliance Retail Ltd is geared to increase capacity of supply of JioPhone, considering the tremendous response from Indians to embrace Digital Life.

Jio subscribers continue to demonstrate high activity level with average data consumption per user per month of 9.6 GB and average voice consumption of 694 minutes per user per month. These are both highest in the industry and substantially higher than the other operators. With more than 200 crore hours of high speed video consumption per month on the Jio network, Jio continues to be the world’s largest mobile video network also.

Jio has been rated India’s fastest network as per TRAI’s MySpeed application continuously over the last 11 months. As per the most recent results on TRAI’s MySpeed application, the average download speed on Jio network was at 21.8 Mbps, more than twice the network speed available on any other network.

Jio has revolutionised tariff plans in the industry by offering most value for its customers. It has launched innovative and simplified tariff plans that enable its customers to have unrestricted access of Jio Digital Life. During the quarter, Jio launched the “triple cashback offer”, which provided customers substantial value with every recharge in addition to base entitlement of services. Jio offered various other schemes as well to encourage digital recharges and adoption of digital behaviour.

During the quarter, Jio signed definitive agreement for the acquisition of specified assets of

Reliance Communications Limited (“RCOM”) and its affiliates. Consequent to the agreement, Jio

or its nominees will acquire assets under four categories – Towers, Optic Fiber Cable Network

(“OFC”), Spectrum and Media Convergence Nodes (“MCN”) from RCOM and its affiliates. These assets are strategic in nature and are expected to contribute significantly to the large scale roll- out of wireless and Fiber to Home and Enterprise services by RJIL. The acquisition is subject to receipt of requisite approvals from Governmental and regulatory authorities, consents from all lenders, release of all encumbrances on the said assets and other conditions precedent. The consideration is payable at completion and is subject to adjustments as specified in the agreement.

The Company continues to make progress for delivering Enterprise solutions and FTTH with beta trials initiated in a few locations. These services are being offered using the same integrated network and platforms.

UNAUDITED STANDALONE FINANCIAL RESULTS FOR QUARTER/NINE MONTHS ENDED 31st DECEMBER 2017

(` in crore, except per share data)

Year

Quarter Ended

Nine months Ended

Ended

Particulars

(Audited)

31st

30th

31st

31st

31st

31st

Dec’17

Sep’17

Dec’16

Dec’17

Dec’16

Mar’17

Income

Value of Services

8113.63

7197.08

0.01

15310.71

0.02

0.02

Service Tax/GST recovered

(1234.21)

(1050.02)

(2284.23)

Revenue From Operations

6879.42

6147.06

0.01

13026.48

0.02

0.02

Other Income

1.23

1.67

0.27

3.20

0.93

1.20

Total Income

6880.65

6148.73

0.28

13029.68

0.95

1.22

Expenses

Network Operating Expenses

1736.79

1371.89

3108.68

Access Charges (Net)

1081.63

2139.88

3221.51

License Fees/Spectrum

622.74

399.00

0.19

1021.97

1.56

1.72

Charges

Employee Benefits Expense

334.35

303.10

0.95

638.62

3.52

6.04

Finance Costs

663.82

673.38

0.23

1337.33

0.79

1.02

Depreciation and Amortisation

1192.60

1183.88

1.26

2377.71

3.65

4.87

Expense

Selling and Distribution

269.68

260.84

0.61

551.48

1.13

17.88

Other expenses

207.23

230.57

4.92

446.90

11.75

17.60

Total Expenses

6108.84

6562.54

8.16

12704.20

22.40

49.13

Profit before tax

771.81

(413.81)

(7.88)

325.48

(21.45)

(47.91)

Tax expense

Current Tax

69.46

69.46

Deferred Tax

197.97

(143.22)

(2.73)

43.49

(7.42)

(16.54)

Net Profit for the period

504.38

(270.59)

(5.15)

212.53

(14.03)

(31.37)

Other Comprehensive Income

Total Comprehensive

504.38

(270.59)

(5.15)

212.53

(14.03)

(31.37)

income for the period

Earnings per Equity share of

face value of ` 10/- each – Not

annualised

Basic

0.11

(0.06)

(0.001)

0.05

(0.003)

(0.01)

Diluted

0.05

(0.06)

(0.001)

0.02

(0.003)

(0.01)

Paid up Equity Share Capital,

45000

45000

45000

45000

45000

45000

Equity Shares of ` 10/- each.

Other Equity

25,864

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Yotta’s Cloud Data Center in GIFT City, Gujarat goes live

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NEW DELHI: Yotta Data Services, an end-to-end Digital Transformation service provider, has announced that its state-of-the-art data centre facility, “Yotta G1”, located in GIFT city, Gandhinagar is ready for service (RFS).

The opening of this data center marks the debut of Yotta in Gujarat and progresses the company’s mission to provide digital services in India’s high-growth markets.

G1 is Yotta’s fifth data center facility in the country. It joins four large operational data centers, two of which, at Navi Mumbai and Greater Noida are part of hyperscale campuses. Yotta G1 is uniquely located inside the International Financial Services Center (IFSC) zone of Gandhinagar’s Gujarat International Finance Tec-City (GIFT city).

G1 represents an investment of more than INR 500 cr. over five years across critical non-IT and IT / Cloud / AI compute infrastructure. The data center has a capacity of over 350 high-density racks and 2 MW power (which can be scaled further as per demand). The facility is designed to meet the most demanding digital needs of its customers, who may be located within GIFT City or anywhere in the world, by seamlessly delivering fault-tolerant facility infrastructure, high-performance Cloud compute and storage infrastructure, advanced physical and cyber security, unmatched connectivity, and steadfast sustainability.

For large global enterprises operating in the GIFT City IFSC zone, the G1 data center functions as a potential data embassy, whereby their data stored is subject to the laws and regulations of their home country, thus allowing them to maintain sovereignty over their data, even when stored in India. By storing data in a physically different location, global enterprises can ensure continuity of operations in case of major disruptions within their borders. The data center’s location also ensures compliance with the IFSC regulations, providing businesses in the zone with distinct advantages like free foreign exchange convertibility, a liberalised regulatory environment, and business-friendly policies. It also helps enterprises adhere to IFSC’s compliance requirements, including being mandated to host their data within the IFSC zone.

Commenting on the announcement, Darshan Hiranandani, Co-founder and Chairman, Yotta Data Services, said, “The state of Gujarat, with GIFT City, has been at the forefront of providing a viable and sustainable platform for global businesses to set up base in India. The setting up of the IFSC zone is a further testament to their vision for financial services companies. We are proud to support this vision of the Gujarat government with a state-of-the-art data center within the IFSC zone, providing the latest and best in cutting-edge technologies to help businesses set up and scale their businesses while also adhering to all regulatory requirements.”

Adding to this, Sunil Gupta, Co-Founder, MD & CEO, Yotta Data Services, said, “Yotta’s G1 marks a pivotal milestone in delivering high-end data center, Cloud, AI compute, storage, connectivity and cybersecurity services to enterprises both on a global and local scale in the Gujarat region. Besides serving the domestic enterprises within and outside GIFT City, our data center shall serve as a potential data embassy for global enterprises, enabling them to adhere to their respective country’s laws while offering a dependable and secure locale for offshore data storage.”

G1 data centre stands distinct in GIFT city for being a data center offering more than just colocation services. True to Yotta’s stature as the end-to-end digital transformation partner of choice for enterprises, G1 brings forth a suite of key features, ranging from advanced data security and customised business solutions to an indigenous hyperscale cloud offering, AI-GPU compute offering, state-of-the-art infrastructure, cybersecurity expertise, seamless integration with managed IT services, 24/7 customer support, cost optimisation, and an overall competitive edge.

This announcement follows on the heels of Yotta’s recent launch of its cloud services – Shakti Cloud and Yntraa Cloud. Powered by NVIDIA’s top-of-the-line GPUs, Shakti Cloud is India’s largest & fastest AI-HPC supercomputer, delivering cutting-edge GPU computing infrastructure, platforms, and services, including Infrastructure as a Service, Platform as a Service, and Software as a Service. Yntraa Cloud, on the other hand, is a truly indigenous hyperscale cloud platform at par with global cloud platforms, offering an exhaustive range of cloud products and services.

 

 

 

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Optiemus Infracom joins hands with Corning International

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NEW DELHI: Domestic contract manufacturer Optiemus Infracom has entered into a joint venture with US-based speciality glassmaker Corning International to set up India’s first manufacturing facility for producing high-quality finished cover glass parts for the mobile consumer electronics industry.

The collaboration between both the companies will help expand India’s electronics manufacturing ecosystem, as the Indian government strengthens its Make in India initiative. As a part of the joint venture, the companies strategically aim to set up a world-class manufacturing facility in India, powered by cutting-edge technologies and processes.

Driven by a shared commitment to innovation and technological excellence, this collaboration will pave the way for the manufacturing of “Made in India” finished cover glass parts for use in mobile consumer electronic devices, and other cover glass applications, to meet the needs of next-generation mobile consumer electronic devices.

The joint venture signifies a powerful synergy between Optiemus’s deep domestic industry and manufacturing knowledge of electronics and telecom market and Corning’s globally-acclaimed expertise in advanced glass technology. By combining these strengths, the joint venture aspires to not only establish cover glass manufacturing capabilities and capacity in India, but also to contribute significantly to the creation of jobs and skill development within India’s thriving technology sector, the companies said in a statement.

Ashok Kumar Gupta, Chairman, Optiemus Infracom, said, “It is a matter of great pride for us to actively contribute to the growing manufacturing ecosystem in the country. With this joint venture, initiated in line with the vision of Hon’ble Prime Minister of India of ‘Make in India’ programme and the “Atmanirbhar Bharat” initiative, we are committed to make available world-class high-quality products for global and local brands.”

“Embarking on this new journey, we intend to emerge as one of the top manufacturers of finished cover glass parts for use in mobile consumer electronic devices in the next five years. Our collective expertise in innovation, design, and manufacturing, will provide holistic solutions for the brands,” Gupta added.

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MediaTek Catch-up with Tech: Infinix Zero 30 5G with Dimensity 8020 launched

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NEW DELHI: Chipset maker MediaTek, which claims to power more than two billion connected devices every year, hosted ‘Catch-up with Tech’ in collaboration with handset brand Infinix on August 28 to share insightful and engaging conversations about the new-age smartphones and innovative technologies powering everyday lives.

The meet-up threw the spotlight on the MediaTek Dimensity Auto, Satellite solutions and Generative AI along with an extensive showcase of newly-launched Infinix Zero 30 5G powered by MediaTek Dimensity 8020, Infinix GT 10 Pro powered by MediaTek Dimensity 8050, and Infinix QLED TV powered by MediaTek.

In terms of specs, the Infinix Zero 30 5G is tailored for young storytellers and creators, featuring the first-ever smartphone to deliver 4K 60fps video recording from its 108 MP OIS rear camera and ultra-high resolution 50MP front camera. The Zero 30 series powered by MediaTek Dimensity 8020 is said to be a game changer for the front camera vlogging experience along with being the slimmest curved AMOLED smartphone in the segment with glass and a vegan leather back panel. It also claims to be one of the most premium-looking devices in the segment.

The event witnessed a panel discussion moderated by Anuj Sidharth, Deputy Director Marketing & Corporate Communications, MediaTek and included expert panelists from Infinix, MediaTek and two renowned professional photographers.

“With the fifth edition of Catch-up with Tech, we aim to bring consumers closer to the technology and enable them to make informed buying decisions based on their diverse needs. In collaboration with Infinix, this meet-up is in-line with MediaTek’s vision of technology democratization and making innovative technology accessible to everyone,” said Anku Jain, Managing Director, MediaTek India. “The MediaTek Dimensity 8020 in Infinix Zero 30 5G brings faster displays, brilliant cameras and ultra-fast performance. Further, MediaTek Imagiq technologies enrich the capture experience by combining dedicated AI, imaging processors and accelerators to provide incredible results,” he added.

Anish Kapoor, CEO, Infinix Mobile India, said, “Featuring India’s first 50MP 4K 60 fps video recording, Infinix Zero 30 5G is primed to redefine smartphone imaging capabilities, setting a new standard for the creators and vlogging enthusiasts. Our collaboration with MediaTek has played a pivotal role in shaping our exceptional smartphone portfolio, and the Zero 30 5G stands as evidence of our unwavering commitment to innovation and delivering unmatched experiences to our users. The display and design of the device represent a leap forward in smartphone technology. As Infinix Zero 30 5G hits the shelves, we are positive that our customers will find this new offering as exhilarating as we do, further empowering creators to capture their story like never before.”

Radhakrishnan Chakyat, a photography evangelist, founder and host of Pixel Viilage, said, “Infinix Zero 30 5G smartphone powered by MediaTek Dimensity 8020 chipset has amazing hardware features, an excellent camera, dual-view video mode and is primed for optimal content creation and saves a tremendous amount of editing time.”

Aarzoo Khurana, a wildlife photographer, said, “Over the last few days, I clicked various pictures and recorded a few videos with the newly-launched Infinix Zero 30 5G powered by MediaTek Dimensity 8020, and the experience has been truly inspiring. Infinix’s smartphone’s OIS feature helps content creators click shake-free pictures and the front camera, which is extremely sharp and detailed, enables content creators to click countless selfies.”

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