Reliance Jio Q4 net profit to Rs 510 crore; ARPU declines

Reliance Jio recruitment 2018 RJio to hire 80,000 employees now

The company recorded quarterly consolidated net profit of Rs 9,435 crore ($1.4 billion), registering 17.3 per cent growth against Rs 8,046 crore in the corresponding period of the previous year.

Reliance Jio has released its Q4 FY 2017-18 performance report moments ago.

He further added, "We have established strong foundations in retailing and digital services business with world-class supply chain management and network infrastructure which will serve our customers well". On Friday, the stock finished the week with a gain of 2.17 percent and 1.99 percent on the NSE and BSE respectively. Coming to the earnings before interest, taxes, depreciation, and amortization (EBITDA) it was recorded at Rs 2,694 crore, up by 2.5 per cent from Rs 2,628 crore.

Jio said that its total wireless data traffic during the quarter stood at 506 crore GB, while total voice traffic during the quarter of 37,218 crore minutes. For the 2017-18 fiscal - the first full year of commercial operation - it had a net profit of Rs 723 crore. RIL's gross refining margins (GRM) came in at $11 per barrel against $11.6 per barrel in the third quarter.

Seven students killed in China stab attack
Police said that five girls and two boys had been killed in the attack , and another nine girls and three boys were injured. Another man wounded 10 children on the southern island province of Hainan in February 2016 - and then took his own life.

Deutsche Bank cuts more to fight earnings plunge
Paul Achleitner, now Deutsche Bank's supervisory board chairman, advised it on the purchase while at Goldman Sachs Group Inc. He further added, "There is no time to lose as the current returns for our shareholders are not acceptable".

Kanye West reemerges on Twitter, reignites bromance with Trump
The rapper shocked many when he voiced his admiration for the President, writing that the two are both "dragon energy". In a tweet on Thursday, West wrote that while hate is a similar emotion to love, "hate is not the answer".

Reliance Industries in other sectors too saw rising profits in Q4 and it is believed that it might soon be part of the $100 Billion Dollar club with the petro-chemical and retails arms of the big conglomerate earning record net profits in this quarter of 2018. For Jio Prime registration, clients should pay an extra recharge amount of Rs 99. Reliance Jio reported 1.2 per cent rise in its net profit at Rs 510 crore for Q4 compared to Rs 504 crore in Q3. Similarly, refining business revenue jumped 23 percent to Rs.93,519 crore where exploration and production revenue plunged 54 percent to a Rs.746 crore.

Reliance Jio offers three JioFi devices with price starting at Rs 999. This indicates that makes around Rs 105 crore a day.

Jio's WiFi dongles compete with Airtel's 4G hotspot which is also available at Rs 999, but Jio's recharge plans are somewhat better compared to what Airtel has to offer. Reliance declared a dividend of Rs 6 per equity share on the enhanced share capital on account of bonus issue in the ratio of 1:1 past year.

Related News:

  • Ford to drop American Sedans

    The lone auto to remain is the Mustang, though a modified version of the Focus called the Focus Active will be introduced in 2019. As for dealers' concerns about attracting entry-level buyers, it seems Ford will continue to offer plenty of options.
    Bill Cosby Found Guilty On All Charges In Sexual Assault Retrial

    Bill Cosby Found Guilty On All Charges In Sexual Assault Retrial

    However, Cosby's defense claimed that each woman had personal issues and some abused drugs prior to meeting Cosby. For UConn , the revocation of Cosby's degree was the first time the school had ever taken such punitive action.
    Drug Take-Back Day offers three locations for safe disposal

    Drug Take-Back Day offers three locations for safe disposal

    Drug Enforcement Administration to help ensure that prescription drugs that are no longer being used don't end up being misused. A Drug Take Back Day Event will be held Saturday, April 28, for people to return unwanted medications for free disposal.
  • Welcome to the second day of the 83rd NFL Draft

    Welcome to the second day of the 83rd NFL Draft

    After drafting one offensive lineman in the first round of the draft , the New England Patriots have just added another via trade. Protecting quarterback Jimmy Garoppolo should be a priority, but this still feels a bit high for McGlinchey.
    Polestar 1 will start at $155000 in the United States

    Polestar 1 will start at $155000 in the United States

    Volvo wants to reinvent itself as a premium electric vehicle maker with its new high performance brand Polestar. Beijing also marks the first public appearance for the T5 plug-in hybrid version of the new XC40.
    Home Secretary regrets failing to see scope of Windrush scandal sooner

    Home Secretary regrets failing to see scope of Windrush scandal sooner

    He called for the 2014 Act and other related legislation - including curbs on legal aid - to be reviewed. Mr Johnson first made the call when he was mayor of London in 2008 and then again in 2016.
  • Cowboys QB Dak Prescott says Jason Witten will be missed

    Cowboys QB Dak Prescott says Jason Witten will be missed

    Witten would leave the Cowboys as the franchise leader in games played (239), receptions (1,152) and receiving yards (12,448). He and Tony Gonzalez , a first ballot Hall of Famer, are the only tight ends with at least 1,000 catches and 10,000 yards.
    BJP's Sop For Yeddyurappa Jr As It Refuses Him Karnataka Contest

    BJP's Sop For Yeddyurappa Jr As It Refuses Him Karnataka Contest

    He was followed by D V Sadananda Gowda and Jagadish Shettar - for just over 300 days each - in the BJP government. B Sriramulu , a close aide of Yeddyurappa, is likely to be pitted against the Chief Minister in Badami .
    No

    No "genocide" for Armenians, just "great tragedy", Trump says

    They closed by asking that the President: "appropriately mark April 24th as a day of American remembrance of the Armenian Genocide ".
  • Darvish tosses six stellar innings as Cubs win

    Darvish tosses six stellar innings as Cubs win

    After issuing a two-out double to Domingo Santana in the sixth, Darvish struck out Hernan Perez on a slider to end his afternoon. Hopefully, he will be back this weekend so Bryant can get this nasty memory of a fastball to the head situation behind him.
    Fortnite Season 4 Teased With Possible Superhero Slant

    Fortnite Season 4 Teased With Possible Superhero Slant

    Now that we've covered the Fortnite Season 4 Release Date, it's time to talk about the theme for this upcoming season. The hope is that we'll finally figure out what's going on with Fortnite's meteors once season 4 begins.
    The Ronny Jackson trap for the media

    The Ronny Jackson trap for the media

    Trump does not appear to have consulted the senators on the Senate Committee for Veterans Affairs, as has historically been done. Jackson's file as a White Home doctor is impeccable", a senior administration official mentioned .


Most liked

United States economic growth slows to 2.3% in Q1
The first-quarter 2018 reading was the slowest since 2013 and reflected a decline in vehicle, clothing and footwear purchases. Spending on new equipment also grew by 6.1 percent, a potentially worrisome pop if the machinery is meant to automate jobs.

Russian lawyer who met with Trump campaign admits to being Kremlin informant
Now living outside of Russian Federation , he is a vocal critic of the Kremlin and President Vladimir Putin. The Justice Department eventually settled with the firm for $6 million, but Prevezon has yet to pay.

Aughinish owner Rusal hopes shake-up will beat sanctions
Oleg Deripaska is instead relying on European governments, including Ireland's, to lobby on the company's behalf to exempt Rusal from the sanctions list.

Coli outbreak is the worst multi-state outbreak since 2006
The CDC and the Food and Drug Administration say the Yuma, Arizona, growing region is the source, but no farm has been identified. Persons who think they might have become ill from eating potentially contaminated foods should consult their healthcare provider.

Ambassador Johnson: Trump's Style a Result of Scottish Heritage
The visit would start after Trump attended the North Atlantic Treaty Organisation summit slated for July 11-12 in Brussels. It is also thought that Trump could attend a rally outside London to raise money for the armed forces.

At NATO meeting, Pompeo agrees to combat Russian aggression
Pompeo s United States delegation came out satisfied with the discussion on Russian Federation . He is also scheduled to visit Saudi Arabia, Israel and Jordan in the coming days.

A Few Notes On Josh Rosen's Press Conference
Cardinals offensive coordinator Mike McCoy said he doesn't have a problem with Rosen's personality. It's an honor to wear his jersey.

Trump says 'at some point' he won't stay away from Justice Department
Trump said in a phone interview Thursday with " Fox & Friends " that special counsel Robert Mueller's probe "is a disgrace". The FBI loves me, but the top people, headed by Comey, were crooked.

Forecast: Temps dip overnight; rain possible Friday afternoon
Monday morning starts chilly, but the heat is on toward Tuesday and Wednesday! The start of next week will be warm. As mentioned above, the area of high pressure will look to warm things up nicely next week.

Jurgen Klopp defends Liverpool's Dejan Lovren
Liverpool host AS Roma in the first leg of their semi-final encounter - with a place in May's showpiece in Kiev on offer over the next eight days.

JK: Soldier, cop, militant killed in Pulwama gunfight
The army also announced that four militants had been killed. "Later, during searches, one more terrorist was killed", he said. Abid Ahmad of Khargund and Ishfaq Ahmad of Handoora were killed along with two non local militants in Lam forests of Tral .

Jamaica to lobby USA on Russian sanctions
The sanctions threatened the business of Rusal , which accounts for some seven percent of the world's aluminum production. Aluminum stocks are plunging after the United States said it would consider relaxing sanctions against a Russian company.

Sheriff: Man killed deputy, stole his car and robbed store
If the anyone sees Williams they are told to call 911 and not to approach him as he is suspected to be armed and unsafe . Eugene Cole sometime between 1 a.m. and 2 a.m.in the town of Norridgewock , county Sheriff Dale Lancaster said.

Nigeria's crude oil export under threat as U.S. increases oil output
The global benchmark climbed as high as $75.47 in the last session, a level not seen since November 27, 2014. The Brent Crude Oil Index went as high as $75.27 and is now trading at $74.68 per barrel.

Malaysia releases new suspect photo in Hamas engineer murder
Fadi Mohammad al-Batsh, 35, was killed in a hail of bullets by two attackers Saturday as he walked to a mosque for dawn prayers. Mossad is believed to have assassinated Palestinian militants and scientists in the past, but rarely confirms such operations.