DOCSLIB.ORG

Reliance Industries Ltd. Date: 15Th July, 2020 CMP- INR 1844 43Rd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Reliance Industries Ltd. Date: 15Th July, 2020 CMP- INR 1844 43Rd Reliance Industries Ltd. Date: 15th July, 2020 CMP- INR 1844 43rd Annual General Meeting webinar meet of Reliance Industries Ltd Key Takeaways: Highlights RIL raised INR 2,12,809 crore through Rights Issue, combined investments in Jio Platforms, and investment by British Petroleum. Five years ago, the EBITDA was solely driven by energy and materials business. Presently, it is comparatively diversified with exponential growth in consumer and technology business. Reliance is a zero net-debt company with strong balance sheet that will support growth plans for its three hyper-growth engines i.e. Jio, Retail and O2C. Reliance Jio: The company has entered into strategic partnership with Facebook, Google and Microsoft. Marquee global investors like Silver Lake, Vista Equity Partners, General Atlantic, KKR and TPG have also invested in the company and have shown faith in its technology and growth enterprises. Sovereign Wealth Funds and other large financial investors like ADIA, Mubadala and PIF (Saudi Arabia) have also invested in the company Google has signed a binding partnership and an investment agreement under which Google will invest INR 33,737 crores for a 7.7% stake in Jio Platforms. Global digital players like Qualcomm and Intel will work with Reliance to develop new products for India. In the next three years, Jio will connect half a billion mobile customers and 50 million home and business establishments. Jio 5G solution will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year: Jio Platforms will have capabilities in technologies such as 4G, 5G, Cloud computing, Devices and OS, Big Data, AI, AR/VR, Blockchain, Natural Language Understanding & Computer Vision to service different sectors. JioTV+ would feature aggregated content from over 12 leading global OTT players such as Netflix, Amazon Prime, Disney+ Hotstar, Voot, SonyLiv, Zee5, JioCinema, JioSaavn, YouTube and many others Jio Glass provides mixed Reality services to conduct holographic classes/meetings in 3D virtual rooms. Jio Meet (built in 2 months) is India’s first and only cloud-based video-conferencing app and has already been downloaded by more than 5 million users. JioMeet is India’s most secure and cost-effective video conferencing platform Jio’s education platform, Embibe, will address the shortage of quality teachers in India. JioHealthHub platform to provide virtual OPD services and integrate the overall healthcare ecosystem to enable people to book online consultations, securely store and share health records, book lab tests and avail various other healthcare services JioMart is a powerful omni-channel tech-platform to unite customers, kiranas and producers and help connect a widespread physical network of Reliance Retail, thus leveraging new commerce. JioMart and WhatsApp will be working closely to create growth opportunities for millions of Indian small merchants and enable customers seamlessly transact with kirana shops Reliance Retail: Reliance Retail is India’s largest and most profitable retail business, with revenues of INR 1,62,936 crores and EBITDA of INR 9,654 crores It is the fastest growing retailer in the world, and the only Indian co in the Top 100 global retailers More than two-thirds of Reliance Retails’ nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Its sources over 80% of fruits and vegetable directly from farmers Connecting farmers and delivering their fresh produce directly to homes is a key part of the grocery strategy. The company has successfully piloted JioMart grocery model with kirana partners. Daily orders have crossed 2.5 lakh, and the number is growing each day Reliance Retail has received strong interest from strategic and financial investors. The company will induct a global partners and investors in Reliance Retail in the next few quarters Petrochemicals & O2C: During lockdown, RIL leveraged its deep understanding of global markets and enhanced petrochemical and fuel exports over 2.5 times in just two weeks. In Apr’20, the O2C business accounted for nearly 50% of India’s exports The company have commissioned India’s first Butyl Rubber plant, which places the company among the world’s top ten producers of Butyl Rubber. Reliance is being approached by global companies for strategic partnerships in its petchem business. RIL has concluded its JV with British Petroleum in the existing fuel retailing business. British Petroleum has invested INR 7,629 crore for their 49% stake in the JV Deal with Saudi Aramco has not progressed as per original timeline due to unforeseen situation in energy market & COVID-19 situation. The company values its two-decade relationship with Aramco and are committed to long term partnership. Company has approached NCLT with its proposal to spin off its O2C business into a separate subsidiary to facilitate multiple partnership opportunities. The company expects to complete this process by early 2021 KG-D6 could be restarted towards the end of the year to provide India with natural gas, which is one of the cleanest fossil fuels British Petroleum has invested into the company’s existing fuel retailing business under a new brand of Jio-bp. Jio-bp will provide new age mobility solutions to Indian consumers View: Out of 6 companies in FAMNGA (Facebook/Apple/Microsoft/Netflix/Google/Amazon), 3 have already partnered with Jio Platforms. Google appears to be a big contributor along with Microsoft and Facebook. We expect that Microsoft may join in as financial investors at a later date. These strategic partnership indicate a big rollout of various projects in time to come. Readiness with “Make in India” and immediate rollout of 5G services on availability of spectrum, along with exporting 5G technology appears to be key triggers. Jio platform is expected to grow at CAGR of 30% over the next decade. Jio could be INR 10 lakh crore market cap contributor in RIL in next 18-24 months. Reliance Retail is being shaped into O2O model – off-line to on-line company. Retail will have strategic and financial partners in next few decades. This is extremely promising. Retail could be INR 5 lakh crore market cap in RIL in next 18 months. In O2C business – 15-year roadmap is laid down to be free from Hydro-Carbon to Green Company, using alternate fuels. Converting Co2 into high value-added products like Protein, capsules and petrochemicals is efficient use of technology to include value added products in portfolio. This is a move in line with time to suggest that O2C will no longer be a commodity business. It continues to remain positive cash generator. Saudi Aramco deal seem to be uncertain, however commitment to bring other strategic and financial investors sounds reassuring. O2C could be INR 7.50 lakh crore market cap contributor in RIL. RIL is likely to be INR 20-22 lakh market cap company in 1.5 to 2 years. This will be 100% growth in market capitalization in about 2 years. Parvati Rai Research Head [email protected] +91-22-6696 5413 KRChoksey Shares & Securities Pvt Ltd. www.krchoksey.com Disclaimer http://bit.ly/2ixsXRi .
Load more

Recommended publications
  • RELIANCE BRANDS Limited 1
    RELIANCE BRANDS LIMITED 1 Reliance Brands Limited Financial Statements 2019-20 2 RELIANCE BRANDS LIMITED Independent Auditor’s Report To The Members of Reliance Brands Limited Report on the Audit of the Financial Statements Opinion We have audited the Financial Statements of Reliance Brands Limited (“the Company”), which comprise the Balance Sheet as at 31st March 2020, the Statement of profit and loss, Statement of changes in equity and Statement of Cash Flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred to as “ Financial Statements”). In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2020, and its Loss including Other Comprehensive Income, changes in equity and its cash flows for the year ended on that date. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Financial Statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.
    [Show full text]
  • Public Consultation on the Telecommunication Regulatory
    Public consultation on the Telecommunication Regulatory Authority of Bahrain’s proposed Position Paper on the Licensing Approach to Internet Protocol (“IP”) Based Voice and Messaging Services in the Kingdom of Bahrain Consultation Report 20 January 2021 Ref: LAD/0121/009 1 1 INTRODUCTION 1.1 The Telecommunications Regulatory Authority of Bahrain (“Authority”) has previously issued two Position Papers which set out the Authority's approach to the regulation of Voice over IP ("VoIP") services under the existing licensing regime under the Telecommunications Law, namely the: (a) Position Paper on the carriage of Voice calls using the Internet Protocol (IP) dated 17 April 2004 (MOU/DC/268) (" 2004 VoIP Paper"); and (b) Position Paper No.1 of 2007 on Regulation of Voice over Internet Protocol ("VoIP") Services dated 30 May 2007 (LAU/0504/054) ("2007 VoIP Paper"). 1.2 Since the 2004 VoIP Paper and 2007 VoIP Paper were published, there has been substantial growth in the use of over-the-top ("OTT") voice and messaging services in the Kingdom of Bahrain, which are often utilised on mobile phones. 1.3 The purpose of the proposed Position Paper is to update the Authority's position in relation to IP-based or OTT voice and messaging services. 1.4 The purpose of the Consultation was to invite comments from interested parties on the Authority’s proposed Position Paper. The deadline for responses was 16:00 on 20 August 2020. 1.5 The Authority received responses from Batelco, STC, Zain, Kalaam and Etisalcom. 1.6 The comments received from Batelco, STC, Zain, Kalaam and Etisalcom are summarised in Annex 1 to this Consultation Report, as are the Authority’s responses to each comment.
    [Show full text]
  • Media Release
    Media Release Mumbai, 17th October 2018 CROSSED 250 MILLION SUBSCRIBERS WITHIN 25 MONTHS FROM COMMENCEMENT OF SERVICES ACCELERATED GROWTH IN SUBSCRIBER BASE TO 252.3 MILLION DATA CONSUMPTION AT RECORD 771 CRORE GB DURING THE QUARTER; 11 GB PER USER PER MONTH, GROWING RAPIDLY STRONG DEMAND FOR FTTH ACROSS 1,100 CITIES IN EARLY PHASE OF REGISTRATIONS ROBUST FINANCIAL PERFORMANCE WITH EBITDA GROWTH OF 14% QOQ AND 148% YOY TO ₹3,573 CRORE IN Q2 FY 2018-19 HIGHLIGHTS OF QUARTER’S (Q2 – FY 2018-19) PERFORMANCE Standalone Financials QoQ YoY 2Q’ 18-19 1Q’ 18-19 2Q’ 17-18 (₹ crore) Growth Growth Value of Services 10,901 9,567 7,197 13.9% 51.5% Operating revenue 9,240 8,109 6,147 13.9% 50.3% EBITDA 3,573 3,147 1,443 13.5% 147.6% EBITDA margin 38.7% 38.8% 23.5% (12bps) 1521bps EBIT 2,042 1,708 260 19.6% 685.4% Net Profit 681 612 (271) 11.3% NM Standalone revenue from operations of ₹9,240 crore (13.9% QoQ growth) Standalone EBITDA of ₹3,573 crore (13.5% QoQ growth) and EBITDA margin of 38.7% Standalone Net Profit of ₹681 crore Subscriber base as on 30th Sep-18 of 252.3 million Lowest churn in the industry at 0.66% per month ARPU during the quarter of ₹131.7 per subscriber per month Total wireless data traffic during the quarter of 771 crore GB Total voice traffic during the quarter of 53,379 crore minutes Registered Office: Corporate Communications Telephone : (+91 22) 6255 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 6255 5185 9th Floor, 222, Nariman Point 9th Floor, 222, Nariman Point CIN : U72900MH2007PLC234712 Mumbai 400 021, India Mumbai 400 021, India Website : www.jio.com and www.ril.com Page 1 of 10 Media Release Commenting on the results, Shri Mukesh D.
    [Show full text]
  • Reliance Industries
    25 July 2021 1QFY22 Results Update | Sector: Oil & Gas Reliance Industries Estimate change CMP: INR2,105 TP: INR2,485 (+18%) Buy TP change Rating change O2C and Telecom deliver; Retail is recovering gradually EBITDA for the consolidated/standalone business rose 38%/61% YoY in Motilal Oswal values your support in the 1QFY22 on a low base of last year (2% beat). On a QoQ basis, consolidated Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and revenue/EBITDA is up -6%/1%. RJio’s EBITDA was in line (up 23% YoY), while Trading team. We request your ballot. the same for Retail grew 79% YoY (6% beat) on a low base. Despite the impact of the second COVID wave, RJio held its ground after the push from the Jio Phone launch in 4QFY21. Revenue/EBITDA grew 4% QoQ (in line) on a steady 14.4m net subscriber additions, along with flattish ARPU. EBITDA margin expanded 10bp QoQ to 47.9%. Bloomberg RIL IN Reliance Retail’s revenue/EBITDA grew 19%/79% YoY (6% EBITDA beat) as Equity Shares (m) 6,339 the second COVID wave had a lesser impact v/s that in 1QFY21, cushioned M.Cap.(INRb)/(USDb) 13793.7 / 185.4 by the e-commerce business, swift recovery, and lesser intensity of the 52-Week Range (INR) 2369 / 1830 lockdown. Compared to pre-COVID levels (1QFY20), EBITDA was flat. 1, 6, 12 Rel. Per (%) -6/-6/-37 The company reported an O2C EBITDA that was 6% higher than our estimate 12M Avg Val (INR M) 28673 at INR114.6b (+61% YoY, +12% QoQ).
    [Show full text]
  • Jio Saavn App Download Jio Saavn App Download
    jio saavn app download Jio saavn app download. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store. Cloudflare Ray ID: 67a9ee70bf13c410 • Your IP : 188.246.226.140 • Performance & security by Cloudflare. Jio saavn app download. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store. Cloudflare Ray ID: 67a9ee723f4084a4 • Your IP : 188.246.226.140 • Performance & security by Cloudflare.
    [Show full text]
  • Statutory Reports
    CORPORATE MANAGEMENT GOVERNANCE FINANCIAL NOTICE Corporate Governance Report OVERVIEW REVIEW STATEMENTS highest standards of ethics. It has before exceptional items 23.7%. The of the Board while nurturing a culture thus become crucial to foster and financial markets have endorsed our where the Board works harmoniously sustain a culture that integrates all sterling performance and the market for the long-term benefit of the “Between my past, the present and the future, there is one common factor: components of good governance by capitalisation has increased by CAGR Company and all its stakeholders. The carefully balancing the inter-relationship of 31.5% during the same period. In Chairman guides the Board for effective Relationship and Trust. This is the foundation of our growth.” among the Board of Directors, Board terms of distributing wealth to our governance in the Company. Committees, Finance, Compliance & shareholders, apart from having a Shri Dhirubhai H. Ambani The Chairman takes a lead role in Assurance teams, Auditors and the track record of uninterrupted dividend Founder Chairman managing the Board and facilitating Senior Management. Our employee payout, we have also delivered effective communication among satisfaction is reflected in the stability consistent unmatched shareholder Directors. The Chairman actively works of our senior management, low attrition returns since listing. The result of our with the Human Resources, Nomination across various levels and substantially initiative is our ever widening reach and Remuneration Committee to higher productivity. Above all, we feel and recall. Our shareholder base has plan the Board and Committees’ honoured to be integral to India’s social grown from 52,000 after the IPO composition, induction of directors to development.
    [Show full text]
  • Audio OTT Economy in India – Inflection Point February 2019 for Private Circulation Only
    Audio OTT economy in India – Inflection point February 2019 For Private circulation only Audio OTT Economy in India – Inflection Point Contents Foreword by IMI 4 Foreword by Deloitte 5 Overview - Global recorded music industry 6 Overview - Indian recorded music industry 8 Flow of rights and revenue within the value chain 10 Overview of the audio OTT industry 16 Drivers of the audio OTT industry in India 20 Business models within the audio OTT industry 22 Audio OTT pie within digital revenues in India 26 Key trends emerging from the global recorded music market and their implications for the Indian recorded music market 28 US case study: Transition from physical to downloading to streaming 29 Latin America case study: Local artists going global 32 Diminishing boundaries of language and region 33 Parallels with K-pop 33 China case study: Curbing piracy to create large audio OTT entities 36 Investments & Valuations in audio OTT 40 Way forward for the Indian recorded music industry 42 Restricting Piracy 42 Audio OTT boosts the regional industry 43 Audio OTT audience moves towards paid streaming 44 Unlocking social media and blogs for music 45 Challenges faced by the Indian recorded music industry 46 Curbing piracy 46 Creating a free market 47 Glossary 48 Special Thanks 49 Acknowledgements 49 03 Audio OTT Economy in India – Inflection Point Foreword by IMI “All the world's a stage”– Shakespeare, • Global practices via free market also referenced in a song by Elvis Presley, economics, revenue distribution, then sounded like a utopian dream monitoring, and reducing the value gap until 'Despacito' took the world by with owners of content getting a fair storm.
    [Show full text]
  • Music Industry Report 2020 Includes the Work of Talented Student Interns Who Went Through a Competitive Selection Process to Become a Part of the Research Team
    2O2O THE RESEARCH TEAM This study is a product of the collaboration and vision of multiple people. Led by researchers from the Nashville Area Chamber of Commerce and Exploration Group: Joanna McCall Coordinator of Applied Research, Nashville Area Chamber of Commerce Barrett Smith Coordinator of Applied Research, Nashville Area Chamber of Commerce Jacob Wunderlich Director, Business Development and Applied Research, Exploration Group The Music Industry Report 2020 includes the work of talented student interns who went through a competitive selection process to become a part of the research team: Alexander Baynum Shruthi Kumar Belmont University DePaul University Kate Cosentino Isabel Smith Belmont University Elon University Patrick Croke University of Virginia In addition, Aaron Davis of Exploration Group and Rupa DeLoach of the Nashville Area Chamber of Commerce contributed invaluable input and analysis. Cluster Analysis and Economic Impact Analysis were conducted by Alexander Baynum and Rupa DeLoach. 2 TABLE OF CONTENTS 5 - 6 Letter of Intent Aaron Davis, Exploration Group and Rupa DeLoach, The Research Center 7 - 23 Executive Summary 25 - 27 Introduction 29 - 34 How the Music Industry Works Creator’s Side Listener’s Side 36 - 78 Facets of the Music Industry Today Traditional Small Business Models, Startups, Venture Capitalism Software, Technology and New Media Collective Management Organizations Songwriters, Recording Artists, Music Publishers and Record Labels Brick and Mortar Retail Storefronts Digital Streaming Platforms Non-interactive
    [Show full text]
  • LYF Smartphone+ Introduces Special Edition LYF F1 – a Device Designed to Deliver Enhanced Experience Over Advanced 4G Network
    MEDIA RELEASE LYF Smartphone+ introduces special edition LYF F1 – a device designed to deliver enhanced experience over advanced 4G network Special Edition device features cutting-edge technology that works best with Jio – the world’s largest all-4G network Mumbai, 21st October 2016: Reliance Retail today launched LYF F1, a Special Edition future- ready device from LYF Smartphone+. From introducing VoLTE in smartphones across all price segments to offering advanced features, such as dual camera, smart gestures and voice command controls, LYF continues to spearhead the transition in smartphone technology. With F1, LYF presents a future ready device designed to deliver an enhanced experience over advanced networks. Equipped with carrier aggregation (CA) support, LYF F1 is designed to tap the fullest potential of Jio, the world’s largest all-IP network. The CA technology gives users vastly improved data transfer rates and unmatched browsing experience. This feature is known to boost battery life. Importantly, F1 comes equipped with Rich Communication Services – a set of evolved Messaging services and enriched calling features. The evolved Messaging feature, an enhancement of the existing SMS feature on LTE network, allows group chat, file and location sharing, and much more through the good old SIM-based messaging. Enriched calling lets the user set context to a call by adding location, image, urgency and customised message. Loaded with a 16 MP rear camera, LYF F1 is designed for low-light photography, powered by advanced software technology. Other camera features include a unique multi-focus mode, and electronic image stabilisation that allows steady video recording while in motion.
    [Show full text]
  • Reliance Industries
    1 November 2020 2QFY21 Results Update | Sector: Oil & Gas Reliance Industries Estimate change CMP: INR2,054 TP: INR2,240 (+8%) Buy TP change Rating change Consumer biz cushions sharp fall in Oil and Gas biz Reliance Industries (RIL)’s 2QFY21 consolidated/standalone business EBITDA was Bloomberg RIL IN down 14%/44% YoY. This was weighed by sharp decline in refining Equity Shares (m) 6,339 throughput/margin and a weak Retail biz (hurt by the lockdown), but partly offset M.Cap.(INRb)/(USDb) 13524.8 / 180 by the growing Digital business. 52-Week Range (INR) 2369 / 867 RJio’s revenue/EBITDA growth slowed to 6%/7% QoQ (in-line) due to the 1, 6, 12 Rel. Per (%) -12/24/41 combination of 3% ARPU and subscriber growth each, coupled with 60bp margin 12M Avg Val (INR M) 29721 expansion to 42.6%. Reliance Retail’s net revenues were flat YoY at INR366b (in-line). This is Financials & Valuations (INR b) commendable despite the lockdown and lack of footfall at stores in 2QFY21. Y/E March FY21E FY22E FY23E Net Sales 5,438 7,191 7,845 During the quarter, RIL operated its refining and petrochemical units at >90% EBITDA 823 1,217 1,397 despite the much lower utilization rates of its Indian peers – the company is Net Profit 418 677 809 enjoying the benefits of its integrated Oils-to-Chemicals (O2C) business model. Adj. EPS (INR) 64.8 105.1 125.6 Despite a poor SG GRM benchmark, RIL reported a GRM of USD5.7/bbl. RIL EPS Gr.
    [Show full text]
  • Jiomusic and Saavn Integrate to Create South Asia's Largest Platform
    JioMusic and Saavn integrate to create South Asia’s largest platform for music, media and artists – JioSaavn New integrated platform now available across all App stores and at jio.com/jiosaavn With a catalog of more than 45 million songs and award-winning original content, JioSaavn brings users a wide-ranging audio experience Current JioMusic and Saavn users to migrate to the integrated JioSaavn platform Jio subscribers would enjoy seamless access to the integrated app Mumbai, 4th December 2018: Saavn Media Private Limited, a subsidiary of Reliance Industries Limited (“RIL”), today launched JioSaavn, South Asia’s largest streaming, entertainment and artist platform. JioSaavn represents the official integration of JioMusic, India’s most popular music app, and Saavn, India’s leading global over-the-top platform. The new integrated JioSaavn app will be available across all App Stores including the Jio app store, on JioPhone, as well as, at www.jio.com/jiosaavn. As announced in March 2018 at the time of acquisition of Saavn by Reliance Industries Ltd, the implied valuation of the combined entity at over US$1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world. JioSaavn combines the streaming media expertise of Saavn with Jio’s digital services ecosystem. Jio is India’s largest digital services network with over 252 million subscribers. The integrated app has a massive addressable market opportunity both in India as well as for the Indian diaspora. With the integrated JioSaavn app, users can expect a suite of new in-app products and music experiences, including an interactive lyrics feature, localized vernacular display, custom integrations with concerts and live events, as well as exclusive video content to roll out over the next few months.
    [Show full text]
  • Strong Sequential Rebound Across All Businesses
    Strong Sequential Rebound Across All Businesses CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH SEPTEMBER, 2020 STRONG SEQUENTIAL REBOUND ACROSS ALL BUSINESSES CONSOLIDATED QUARTERLY REVENUE WAS HIGHER BY 27.2% AT ` 128,385 CRORE CONSOLIDATED QUARTERLY EBITDA GREW BY 7.9% TO ` 23,299 CRORE CONSOLIDATED QUARTERLY PAT BEFORE EXCEPTIONAL ITEM AT ` 10,602 CRORE HIGHER BY 28% CONSUMER BUSINESSES CONTRIBUTED 49.6% OF CONSOLIDATED SEGMENT EBITDA RECORD QUARTERLY EBITDA FOR DIGITAL SERVICES AT ` 8,345 CRORE ROBUST RECOVERY IN RETAIL EBITDA TO ` 2,006 CRORE HIGHER BY 85.9% CAPITAL RAISE OF ` 152,056 CRORE IN JIO PLATFORMS LIMITED CAPITAL RAISE OF ` 37,710 CRORE IN RELIANCE RETAIL VENTURES LIMITED FIRST TELECOM OPERATOR OUTSIDE CHINA TO CROSS 400 MN SUBSCRIBERS IN A SINGLE COUNTRY MARKET ADDED IN EXCESS OF 30,000 TO ITS WORKFORCE Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 5185 3rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.com; [email protected] Mumbai 400 021, India Mumbai 400 021, India CIN : L17110MH1973PLC019786 Page 1 of 19 STRATEGIC UPDATES • Jio Platforms Limited, a wholly owned subsidiary of Reliance Industries Limited, raised ₹ 152,056 crore from leading global investors including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF, Intel Capital and Qualcomm Ventures. • Reliance Retail Ventures Limited (RRVL), a wholly owned subsidiary of Reliance Industries Limited, raised ` 37,710 crore of investments from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA.
    [Show full text]