Will Reliance Jio be profitable?

Reliance Jio reported net profit of ₹3,651 crore for the first quarte of current fiscal, rising 45 per cent as against ₹2,519 crore in the same quarter last fiscal. Cash profit during the period under review was ₹8,063 crore, higher by 31 per cent on annual basis.

Is Jio in profit or loss?

Reliance Jio reported net profit of ₹3,651 crore for the first quarter of the current fiscal, a growth of 45 per cent compared to ₹2,519 crore in the same quarter last fiscal.

How much Ambani earns in a day?

1. Mukesh Ambani and the family at spot 1 in the list and the total wealth of the group stands at 7,18,000, the Ambani has earned 164 crores every day.

Can Reliance Jio pay its parent company enough dividends?

Or maybe you can consider that Reliance Jio can pay its parent enough dividends to cover, at the very least, the interest costs on such loans. To generate that much, Jio would need a profit of around 1500 cr. per quarter and it’s not there yet. And Reliance Jio uses a novel way to address depreciation.

What is the net profit of Jio in 2019?

Jio had reported a net profit of Rs 830 crore in the third quarter of 2018-19 fiscal year. After considering depreciation normalisation impact and subsidy expenses, the normalised net earnings should have been a lossof Rs 3,800 crore, it said.Feb 27, 2019

What is the business model of Reliance Jio?

Reliance Jio’s business model is really simple – most of you are going to pay the same or probably more money to Jio compared to your current network provider. After reading this answer, you will realize what a clever businessman Mukesh Ambani is.

Why is Jio not offering unlimited data plans?

Jio currently have the ability to provide truly unlimited data plans, but they will not do so, because that will decrease their profits. They have already decreased prices on average by 50 percent. This means people will anyway be happy to use their services.