Q1-FY24 · Kiran
We are on track to complete what is going to be the 5G rollout anywhere in the world, creating a pan-India coverage for a large country like India within just over 1 year.
Reliance · tone and specificity signals across the available quarters.
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We are on track to complete what is going to be the 5G rollout anywhere in the world, creating a pan-India coverage for a large country like India within just over 1 year.
This is a unique go-to-market approach, where we have designed this instrument, which can be delivered at under INR 1,000 price point with respect to the phone.
The profit after tax crossed INR 5,000 crores for the first time for JPL consolidated.
The growth in consumer business and strong upstream offset weak O2C.
We are the only operator who is running 5G across low band, mid band, and high band, 700, 3,300 GHz, and 26 GHz, which gives us unique advantages like carrier aggregation and standalone network.
Overall, energy market volatility is something that we have been seeing for various set of reasons. However, we do think that the structural business dynamics remains constructive.
We are on track to double our value by the end of the golden decade.
This is a Jio moment for our new energy business. Like how Jio revolutionized and democratized data for Indian customers, we are looking to provide the same solution and energy revolution for the country.
Our UBR technology is a global-first offering at scale. We are the world leaders in this.
It was a quarter of the EBITDA as a record that almost INR 45,000 crore, which is about $5.4 billion. It was up 30% year-on-year.
More than 85% of the 5G cells deployed in the country today are from Jio.
We had the best ever Independence Day sale, which was for consumer electronics, which recorded a 23% growth.
We are already one of the fastest growing fixed wireless operators globally, and this is not where we want to stop.
The underlying thematic of the business continues to be well, but for the next one or two quarters, that is something, it could be a little bit more, it's.
We are seeing some very strong growth in the first two weeks of October as the festival season has started kicking in, and we expect this momentum to continue going on to Diwali and beyond.
We are building what will be the world's largest new energy complex. Nowhere in the world do we have the complete ecosystem for PV modules all the way down to polysilicon.
Our objective is to maximize wallet share with the customer. I'm neither an offline player nor an online player. We look at, am I capturing enough wallet share of the customer?
We are nudging consumers to consume more and happily pay more, but no immediate plans for the tariffs.
We are one year, nearly one year, in fact, a shade over one year into the rollout of our True 5G services. As Srikanth alluded to in his opening remarks, nearly 90 million subscribers have already migrated to 5G on our network.
Our gross revenue crossed INR 83,000 crore, a revenue growth of 23% on a YoY basis. EBITDA grew at a healthy 31%, and came at INR 6,258 crore, while profit after tax grew 32%.
Overall, I think, cash flows remain strong, balance sheet remains strong, and, moderating CapEx, you may have seen that, CapEx in this quarter at about INR 30,000 crore is, significantly lower than the previous quarter, as well as what it was year-on-year.
We had a good operating quarter with strong performance in each of our segments: revenue growth, EBITDA growth at close to 8%, and a PAT growth of close to 12%.
We are at the cusp where probably in a very short period of time, we'll be able to say that in probably one of the fastest 5G rollouts, not only 5G rollouts, but 5G adoption anywhere in the world, the total 5G traffic on our network will surpass the 4G traffic very, very shortly.
Our B2C grocery business grew at 37% YoY. So while there's a lot of talk about big commerce growing, we see our business growing very strongly with very healthy LFLs growing.
We are the first Indian manufacturing company with an international rating of A minus.
We have gained over 800 basis points market share in the last 12 months, and that rate, if anything, is only picking up.
We are pretty uniquely positioned in the way that we are able to leverage our existing network of 2,500, 3,000 stores to do quick commerce.
We have crossed INR 75,000 crore in EBITDA, more than INR 100,000 crore in PBT, more than INR 2,000,000 crore in terms of market cap.
Jio on its own today has the world's largest 5G subscriber base outside of China.
Our EBITDA margins continue to expand. For the full year, the EBITDA from operations was at 8.1%, which is a 50 basis points year-on-year growth.
We have really not started monetizing 5G. Effectively, 45% of data that people today are consuming is being offered to them free of cost.
Our stores, purely on a standalone basis, are seeing double-digit growth for the last several quarters. We are not seeing that impact either in metro or in any other city.
This platform of ours, when you look at the width of content that we have, actually appeals to the entire family across India.
We are the largest 5G subscriber base outside of China as a single country operator.
We have been able to successfully get a lot of the cargoes from different places, and these include Venezuela, Russia, Brazil, Mexico.
For us, it's more around looking at the wallet share of the customers and meeting their needs.