The performance of Jio and higher margins from its core refining and petrochemical businesses powered the conglomerate's consolidated second-quarter net profit to a better-than-expected 12.5% increase. "We are focussed on providing multi-layered digital services on top of the basic connectivity service to optimally utilise our infrastructure", Reliance chairman Mukesh Ambani, said in a Reliance Jio statement.
EBITDA for the quarter fell by 33.2% yoy to Rs. 13 crore with a corresponding margin contraction of 413 bps.
Revenue from the refining and marketing segment during the July-September quarter at Rs 69,766 crore increased 15.3 per cent over the same quarter previous year.
The results also reflected strong underlying fundamentals of refining and petrochemicals businesses, he added.
Gross refining margin - the difference between the total value of petroleum products and the price of crude oil - grew 1.9% on-year to $12 per barrel, up from $11.9 per barrel in the previous quarter.
Last quarter, digital services - which is what Jio is termed as on the company's books - were shown as generating a revenue of just 145 cr rupees, and an operating loss of Rs 22 cr. Earnings before interest and taxes (EBIT) in the segment increased by 10.8 per cent year on year to Rs 6,621 crore "aided by higher volumes and strong transportation fuel cracks", RIL said.
"Another quarter of robust performance includes the financial performance of Reliance Jio which had a positive EBIT contribution in its first quarter of commercial operations", Mukesh Dhirubhai.Читайте также: Just Sayin' …Why is America so in love with guns?
The company identified 15.3 million net additions of Jio during the quarter, with highest per capita data consumption at 9.62 GB per user per month, and 178 crore hours of high speed video consumption per month. Sustained demand growth coupled with supply disruptions further tightened demand-supply balances globally during the quarter.
Despite being the newest entrant, Reliance Jio has accumulated more than 138.6 million subscribers and has triggered a shakeout in the industry by undercutting prices.
The company reported EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 1,443 crore in July-September 2017 period with margin pegged at 23.5 per cent. Jio claims total wireless data traffic for the quarter at 3,780 million gigabytes and average voice traffic during the quarter was 2,670 million minutes per day.
"He added, ". We are confident that Jio will bring significant benefits to the Indian economy and the Indian customers and will take India to a much higher pedestal".
Last quarter, the company outperformed Singapore's benchmark GRM by around $5 per barrel.
For September quarter of FY18, revenue from the refining and marketing segment increased by 15.3 per cent Y-o-Y to Rs 69,766 crore ($10.7 billion).При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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