BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Reliance Jio Infocomm Ltd.’s Q1 FY22 was healthy in a Covid-19 impacted quarter. This was led by healthy 14.4 million subscriber additions and stable average revenue per user (Rs 138.4) q-o-q.
Jio’s smartphone offer in March 2021 should have boosted additions.
Net revenue/Ebitda/adjusted profit after tax grew by 3.7/3.9/4.2% q-o-q.
Jio is well-poised to benefit from improving industry scenario of increase in ARPU and/or shutdown of Vodafone Idea Ltd.
Probability of latter increases in absence of relief from Supreme Court on correction of arithmetical errors in adjusted gross revenue liability.
Besides, Jio has significantly augmented its spectrum footprint (up 56%) in March 2021 auctions (Rs 571 billion).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR