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