Question: Is Jio Profitable Now?

Is Jio going in loss?

Kolkata: Reliance Jio Infocomm is staring at a potential loss of Rs 15,000 crore ($2.1 billion) in FY19, which isn’t immediately visible because the Mukesh Ambani-led telco uses non-standard depreciation metrics and relies on another group company to bear handset subsidies, brokerage Sanford C Bernstein said..

Why is Jio Internet so cheap?

The calls made through VoIP is said to be cost-effective and cost is relatively cheap 30p/second. This is what Jio has targeted by introducing VoLTE this is same as VoIP. Since it is on Mobile devices it is called as VoLTE. We already are using internet for various services using our smartphone.

Is Jio making profit or loss?

Jio had reported a net profit of Rs 830 crore in the third quarter of 2018-19 fiscal year. After considering depreciation normalisation impact and subsidy expenses, the normalised net earnings should have been a loss of Rs 3,800 crore, it said.

Is Jio safe?

“We have come across the unverified and unsubstantiated claims of the website and are investigating it. Prima facie, the data appears to be unauthentic. We want to assure our subscribers that their data is safe and maintained with highest security,” said Jio spokesperson.

Is Jio a success?

India’s Reliance Jio Platforms is the world’s most ambitious tech company. Founder Mukesh Ambani has made it his dream to provide every Indian with access to affordable and comprehensive telecommunications services, and Jio has so far proven successful, attracting nearly 400 million subscribers in just a few years.

How much did Mukesh Ambani invest in Jio?

During the Reliance Annual General Meeting, Chairman Mukesh Ambani announced that Google has invested ₹33,737 crore in Jio Platforms for a 7.7% stake. Google became the second largest investor in Jio after Facebook which has a 9.9% stake in the company.

How much is Ambani debt?

In March 2020, the company had reported a net debt of ₹1.61 trillion ($21 billion). Since then, it has raised $15.2 billion by selling stakes in Jio Platforms Ltd. Its $7 billion rights issue was oversubscribed 1.6 times.

Is Airtel running in loss?

Bharti Airtel on Tuesday reported a net loss of ₹763 crore for the quarter ended September 30, 2020, even as it posted its highest-ever consolidated quarterly revenue at of ₹25,785 crore driven by a rise in data usage and new 4G users.

Who is owner of Jio Mart?

Mukesh AmbaniJioMart – Company HighlightsPlatform NameJioMartFounderMukesh AmbaniFoundedMay 2020Parent OrganizationReliance Retail LimitedWebsitejiomart.com1 more row•Jun 23, 2020

What is the profit of Jio?

Jio’s consolidated net profit rose by 19.8% to ₹3,020 crore, quarter-on-quarter. The average revenue per user (ARPU) rose to ₹145 from ₹140.3 in the June quarter. The COVID-19 lockdown and work-from-home boosted data consumption during the this quarter.

Is Ambani selling Jio?

Mukesh Ambani Sells Nearly A Quarter Of His Jio Platforms, Makes Reliance Net Debt-Free.

How Jio is so cheap?

I think it is so cheap because Jio works on internet, which is the latest technology. If you are in an area, where there is no internet coverage, the phone will stop working. … The 4G network made by Jio all over India during the past two years was by spending about two and half lakh crores rupees, according to a report.

How much Mukesh Ambani owns in Jio?

Google Joins Facebook In Billionaire Mukesh Ambani’s Jio Juggernaut. Alphabet Inc.’s Google will invest $4.5 billion for a 7.7% stake in Jio Platforms, the tech and telecom business of Reliance Industries, announced Mukesh Ambani at his company’s first virtual shareholders’ meeting Wednesday.

In which country Internet is cheapest?

India was named the cheapest country for one gigabyte of data with the average cost in U.S. dollars only coming to $0.26. Kyrgyzstan came second with $0.27 while Kazakhstan rounded off the top-three with $0.49.

Will Jio beat Airtel?

“We see limited risk to Bharti Airtel as it has managed churn well despite and 8% to 25% premium on prepaid and 50% to 60% of its postpaid subscriptions,” said Jefferies in its report….CompanyRevenue growth in July-September 2020Jio5.6%Bharti Airtel22%Vodafone-Idea1.2%Oct 31, 2020