Dolat Capital: Reliance Jio Q2 Review - Mixed Bag; Subscriber Momentum Moderates

Dolat Capital: Reliance Jio Q2 Review - Mixed Bag; Subscriber Momentum Moderates

A balloon featuring logo of Jio Platforms Ltd., the mobile network of Reliance Industries Ltd., is displayed inside a store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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Dolat Capital Report

Reliance Jio’s Q2 FY21 was marginally ahead of estimate led by higher than expected average revenue per user at Rs 145 (estimate Rs 143).

That said, Jio’s net subscriber addition was one of the slowest at 7.3 million (Bharti Airtel Ltd. 13.9 million).

Net adds were lower than even lockdown quarter of 10.2 million.

Gross additions were higher at 27.2 million but so is the churn at 19.9 million customers (1.65% per month at par with Airtel).

Click on the attachment to read the full report:

Dolat Capital Reliance Jio Q2FY21 Result Update.pdf
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