Is Jio profitable?
Reliance Jio reported a 12 per cent increase in net profit in the second quarter of the current fiscal. Profits rose to ₹5,058 crore (₹4,518 crore in Q2 FY23). Revenue from operations rose 9.9 per cent to ₹24,750 crore (₹22,521 crore). EBITDA margins at 50.3 per cent per cent increased 80 bps year-on-year.How much profit does Jio make?
Reliance Jio Q2 results: Reliance Jio Infocomm reported a 12% year-on-year (YoY) rise in standalone net profit for the quarter ended September 2023 to ₹5,058 crore from ₹4,518 crore a year ago. Sequentially, net profit for Q2FY24 rose 4% from ₹4,863 crore in Q1FY24.Is Jio platform profitable?
Reliance Industries Ltd's (RIL) digital giant Jio Platforms reported an 11.6% rise in net profit to INR 5,445 Cr in the December quarter (Q3) of the financial year 2023-23 (FY24) from INR 4,881 Cr in the previous year's quarter.Is Reliance Jio successful?
2020-2021 - Despite facing challenges, Jio maintained growth, reporting a revenue of approximately INR 87337 cr. 2021-2022 - The pinnacle of success, with Jio's annual revenue soaring to around INR 123396 cr.Is Reliance a profitable company?
The conglomerate reported a net profit of ₹17,265 crore, while its revenue was at ₹2.28-lakh crore in Q3 FY24. Revenue from its O2C segment was at ₹1.4-lakh crore. According to the company, the lower revenue was due to planned maintenance shutdowns at some of its units in Jamnagar in the quarter under review.How Jio became a Monopoly (Almost)
Is Reliance richer than Apple?
1 Apple = 10 Reliance ! 1 Apple is more than the GDP of most nations on Planet Earth.Who controls Jio?
Reliance Jio, a telecommunications company based in India, is owned by Reliance Industries Limited, which is headed by Mukesh Ambani. Mukesh Ambani is one of the wealthiest individuals globally and serves as the Chairman and largest shareholder of Reliance Industries.Did Jio buy Reliance?
Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel.How much percentage of Reliance does Ambani own?
Reliance demerger and family feudThe Ambani family holds around 45% of the shares in RIL. Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani.
What is the valuation of Jio?
Brokerage BofA has reportedly pegged the valuation of Mukesh Ambani's Jio Platforms at $107 Bn and is bullish about the company. Jio Platforms houses telecom operator Reliance Jio Infocomm and other digital businesses of Reliance Industries Ltd (RIL).How does Jio TV make money?
Video Advertisements while you are watching content: When you are watching any web series or movie or daily soap (TV Serial) in the Jio Cinema app, you are shown video ads. Paid Subscription: Some Content on the Jio Cinema app is only accessible to paid users. So if anyone wants to watch that content they need to b.How much Mukesh Ambani owns in Jio?
A 42% stake in Reliance Industries is the source of most of Mukesh's wealth. Other major assets include a 45% stake in Jio Financials Services, the Mumbai Indians cricket team, and a mansion in Mumbai.Who is the CEO of Jio Reliance?
Who is the CEO and founder of Jio? The Founder Of Jio Is Mukesh Ambani And The CEO Of Jio Is Akash Ambani. Jio Telecom Is The Largest Telecom Company Which With Over 426 Million Subscribers And Total Revenue Of Jio Is ₹90,287 crores (USD 11 Billion) In Year 2020–2021.What is rich calling in Jio?
The Rich Calling feature of Jio4GVoice allows sharing information through call such as the following: • Urgent Call Notification • Location Details • Short message stating reason for the call • Share an Image The receiver can see all this information on the incoming call screen.Why is Jio Financial stock falling?
The sequential fall in JFS net profit was due to absence of dividend income on shares held in Reliance Industries Ltd. and increase in opex on employee addition, capacity building and CSR expenses, analysts said.Why is everyone selling Jio Financial Services?
There may be short-term selling pressure from arbitrage players, who purchased RIL stock as a unique opportunity to acquire one share of JFSL for each RIL stock held. Some of these arbitrage traders and RIL investors, who aren't inclined to retain holdings in the financial sector, have decided to secure their profits.How many countries use Jio?
Jio International Roaming (IR) service is available in 130+ countries. You can visit our website www.jio.com to check the list of countries where International Roaming (IR) service is currently available.Is Mukesh Ambani owner of Reliance?
Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire businessman. He is the chairman and managing director of Reliance Industries, India's most valuable company by market value.Which country owns Reliance?
Recent News. Reliance Industries Limited, privately owned conglomerate that operates in petrochemical production and refining, textile, retail, marketing, telecommunications, and other industries. It was the first privately owned Indian company to enter the Fortune 500. Headquarters are in Mumbai.Who bought Reliance?
In 2022, Mukesh Ambani's Reliance Jio won the bid and acquired the assets of Reliance Communications for Rs. 3720 crores.What is the turnover of Reliance?
Revenue in 2023 (TTM): $106.19 BAccording to Reliance Industries's latest financial reports the company's current revenue (TTM) is $106.19 B. In 2022 the company made a revenue of $109.43 B an increase over the years 2021 revenue that were of $86.61 B.
How rich is Reliance Industries?
Market cap: $234.55 BillionAs of February 2024 Reliance Industries has a market cap of $234.55 Billion. This makes Reliance Industries the world's 45th most valuable company by market cap according to our data.