Quick Answer: Is Jio A Loss?

Why is Jio not free anymore?

Citing regulatory uncertainty over the review of sunset clause for call termination charges, Reliance Jio on Wednesday announced it will charge customers 6 paise per minute for voice calls made to other networks like Airtel, and Vodafone Idea, and will compensate users by giving them free data of equal value..

Is Jio fiber a failure?

At the time of the launch, the company failed to receive much attention from the customers owing to the fact that the prices of the plans Jio Fiber offered were not competitive enough with the current plans from the other companies. … Recently, the company has unveiled two new recharge plans for Jio Fiber users.

Will Jio charge for non Jio calls?

Due to the undergoing regulatory policy changes for mobile-call-related charges, Jio is compelled to recover IUC charge for NON-JIO mobile voice calls. With effect from your next recharge, post 10th October, all calls to NON-JIO mobile numbers will be charged at 6 paise/minute.

Is Jio in profit or loss?

Jio’s quarterly profit increased to Rs 990 crore from Rs 681 crore a year ago. The market had estimated a profit of more than Rs 1,000 crore. Profit rose 11 per cent from the preceding quarter.

How much debt is Jio?

Reliance Jio’s net debt has fallen to ₹21,900 crore from its peak of ₹2.17 lakh crore, with global investors pumping funds over the last six weeks, for equity stake in its parent Jio Platforms Ltd., which is a wholly owned subsidiary of Reliance Industries Limited.

Is Airtel in loss?

Sunil Bharti Mittal-led Bharti Airtel on Monday posted a net loss of Rs 5,237 crore for the quarter ended March 31, 2020, as it set aside monies for payment of adjusted gross revenues. The company had recorded a profit of Rs 107.2 crore for the same period in the previous fiscal.

What is net debt free?

So, when a business says it is net debt-free, that does not mean it has repaid all its borrowings. … For instance, in the case of Reliance Industries, its net debt as on March 2020 was ₹1.61-lakh crore (outstanding debt of ₹3.36-lakh crore minus cash and equivalents of ₹1.75-lakh crore).

Is Reliance Jio listed on NSE?

Reliance Jio Infocomm Ltd. is not listed on NSE (View BSE)

Is RIL debt free?

Reliance Industries’ (RIL) chairman Mukesh Ambani in a statement on Friday said the company has become debt-free after it managed to raise Rs 1,68,818 crore in just 58 days. At last count, Ambani-led telecom venture Jio Platforms had raised Rs 1,15,693 crore through 11 back-to-back deals within a span of eight weeks.

Is Jio SIM free now?

Getting a Jio SIM is completely free. However, you need to activate an applicable plan at the time of collecting the SIM card. How do I pay for my SIM purchase? You can pay the JIO representative using cash or credit/debit card.

Is Jio making any profit?

Jio’s net profit climbed 46% on-year to Rs 891 crore in the quarter to June, well above the roughly Rs 800 crore estimated by the markets. … IIFL said revenue of Rs 11,679 crore was a growth of 5% sequentially, or a daily revenue run-rate (DRR) growth of 4%, but marked a “significant” slowdown from recent quarters.

Who is the boss of Jio?

Mukesh Ambani | Reliance Jio: Sunil Mittal’s tower deal tells Mukesh Ambani he’s no walkover.

Why is Jio so cheap?

Because of two reasons First is to add customers they are giving cheap Internet which Indians users never dreamt of. We were used to see data plans like 275₹ for 1 GB. But wait they could provide reasonable cheap price like 50 for 1 GB. They could still lure subscribers with this price.

Why is Jio raising so much money?

First, it’s a part of RIL, the largest company in India. Second, Jio is the market leader and making profits. It makes abundant business sense to invest in Jio and make profits before the company gets listed on the stock market a few years from now.

Is IUC only for Jio?

All Jio customers who want to make a voice call to either Vodafone Idea or Airtel will have to buy additional top-up vouchers of Rs 10, Rs 20, Rs 50 and Rs 100, for additional IUC minutes….Synopsis.IUC Top-Up Voucher Amount (Rs)IUC Minutes (non-Jio mobiles)Free Data Entitlement (GB)1001,362103 more rows•Oct 11, 2019

How much did Ambani invested in Jio?

Mukesh Ambani led Reliance Industries has raised Rs 11,367 crore from The Public Investment Fund (PIF) for a 2.32% equity stake in Jio Platforms on a fully diluted basis. The investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.

How many countries use Jio?

170 countriesWith your Jio SIM you can travel 170 countries and enjoy seamless voice, data and SMS service experience.