Latest news with #JioPlatforms
Business Upturn
14 hours ago
- Business
- Business Upturn
Reliance Industries Q1 Results: Shares in focus as revenue jump 6% YoY to Rs 2.73 lakh crore, net profit rises 76.5% YoY
Reliance Industries Limited (RIL) shares are in focus today after the company reported its highest-ever consolidated quarterly net profit of ₹30,783 crore for Q1 FY26, a sharp 76.5% rise from ₹17,445 crore in the same quarter last year. The surge was driven by strong performances across its telecom, retail, and oil-to-chemicals divisions. Consolidated EBITDA also reached a record ₹58,024 crore, reflecting a 35.7% year-on-year jump. The EBITDA margin expanded to 21.2%, up from 16.6% a year ago, backed by improved profitability across key business segments. Gross revenue grew 6% year-on-year to ₹2.73 lakh crore for the quarter ended June 30, 2025. Jio Platforms posted strong results, with revenue up 18.8% and a healthy jump in EBITDA, supported by a growing 5G user base now crossing 200 million. Reliance Retail continued to expand, benefiting from strong demand across categories like grocery, fashion, and digital commerce. The oil-to-chemicals segment saw a slight revenue dip due to lower crude prices, but improved margins led to higher EBITDA. The oil and gas business reported a slight decline in both revenue and earnings due to production and maintenance factors. JioStar Media made a solid debut, riding on record IPL viewership, delivering over ₹11,000 crore in revenue. Capital expenditure for the quarter stood at ₹29,875 crore, and net debt remained steady at ₹1.17 lakh crore. The company also noted progress in home broadband, with over 20 million connections, and ongoing momentum in digital offerings like JioGames Cloud and JioPC. Retail expansion continued at a strong pace with 388 new stores added in the quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Reliance IndustriesStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India.com
2 days ago
- Business
- India.com
Mukesh Ambani launches JioPC, what is this game-changer device? How to use it? What are the recharge plans? Get all answers here
Jio Platforms, a company that is a part of Reliance Industries, has introduced a new cloud-powered virtual desktop service called JioPC. This service essentially converts a normal set-top box into a fully functional personal computer. The JioPC service can be used with any compatible TV linked to a Jio set-top box. The company is offering JioPC for free to users through a waitlist. According to the official website of Jio, JioPC is a virtual desktop service. It is like having a computer in the cloud, delivered over the internet. You can use it through your Jio Set-Top Box (STB) by connecting a keyboard and mouse. It is ideal for browsing, running productivity apps, educational tools, attending online classes, and more. It is affordable, requires low upfront cost, and eliminates maintenance or upgrade worries since everything is managed in the cloud. Plus, one's data remains secure even if your set-top box is damaged or replaced. All users need to do is buy a keyboard and mouse, then choose a monthly subscription plan. This is definitely a distinctive offering with a PC-like interface on a smart TV via a monthly or multi-month payment. Customers no longer need to purchase a separate computer. Their TV will be transformed into a computer. All they must have is a Jio Home connection and a Jio Set-Top Box (STB) connected to a mouse and keyboard. By using JioPC, customers can transform their TV into a functional computer and accomplish a variety of tasks. Everything from online classes to web surfing can be performed. Jio claims that all user data is prolifically stored in the cloud. So even if the set-top box breaks or needs to be replaced, the data will still be safe and available. To start using a JioPC, a customer needs: A JioFiber or JioAirFiber connection with a set-top box (STB). A keyboard and mouse. An active JioPC subscription. Based on the information stated on Jio's official website, JioPC has 8 GB of RAM and 100 GB of cloud storage. The system runs on the Ubuntu (Linux) operating system. The This setup claims that it is ideal for browsing, online learning, programming, design and productivity applications. CPU: 4 CPU RAM: 8 GB Storage: 100 GB Cloud Storage Usage: Unlimited Operating System: Ubuntu (Linux) 'Your JioPC is a virtual desktop that is running in the cloud and streamed to you over the internet. You will be disconnected from the virtual desktop if you lose internet connectivity. Your work will continue to be securely stored on the cloud, and you can reconnect within the idle time (15 mins) to pick up from where you left off. After the idle time passes, your JioPC virtual desktop will be shut down and all unsaved work will be lost,' the website reads. At the moment, JioPC's site contains five subscription plans. The least expensive plan is Rs599 (+ GST), and it has a validity of one month. It includes unlimited usage, 8GB RAM, and 100GB storage. The second plan priced at Rs 999 (+ GST) includes two months validity with unlimited usage and includes 8GB RAM and 100GB of cloud storage. The third plan prices Rs 2,499 and is included with 8 months validity, includes 8GB RAM, and includes 100GB of storage. The fourth product prices Rs 4,599, and provides 15 months validity, unlimited usage, includes 8GB RAM, and includes 100GB of storage. The last plan is a special offer priced at Rs 1,499, gives 4 month validity with unlimited usage, includes 8GB RAM, and includes 100GB data.
Mint
3 days ago
- Business
- Mint
Reliance Jio Q1 results 5G home broadbarnd Arpu growth
Reliance Jio reported a surge in average revenue per user for the April-June quarter, boosted by strong subscriber growth across mobile and home broadband and increased data consumption on the network. Jio Platforms Ltd, which houses Reliance Industries Ltd's telecom and digital services business, reported a 1.2% sequential growth in consolidated net profit to ₹ 7,110 crore for the June quarter. Consolidated revenue from operations rose 3.07% sequentially to ₹ 35,032 crore. On a year-on-year basis, Jio Platforms clocked a 19% revenue growth and a 25% increase in net profit for the quarter ended June. Reliance Jio is India's largest telecom operator by market share and a subsidiary of Jio Platforms, accounting for most of its business. Jio's steady growth comes at a time when telecom operators are looking at ways to monetise 5G services and boost user engagement. Jio continues to eat into the subscriber market share of Vodafone Idea Ltd, which is looking for another financial relief from the government to stay afloat. Reliance Jio's revenue from operations on a standalone basis grew 17% year-on-year and 2.9% quarter-on-quarter to ₹ 30,882 crore, in-line with average estimates of ₹ 30,900 crore by three brokerage houses. Net profit rose 23.2% on-year and 1% sequentially to ₹ 6,711 crore. During the first quarter, Jio's 5G subscribers crossed 200 million and 20 million home broadband connections. 'Jio AirFiber is now the largest FWA (fixed wireless access) service provider in the world, with a base of 7.4 million subscribers,' said Mukesh Ambani, chairman and managing director of Reliance Industries. At the end of June, Jio had 213 million 5G subscribers, up from 191 million in the preceding January-March quarter. Monthly average revenue per user (Arpu) rose 1.3% sequentially and 14.9% on-year to ₹ 208.8, helped by tariff hikes, according to the company. Reliance Jio net added 9.9 million subscribers during the June quarter, taking its subscriber base to 498.1 million. In the preceding quarter, the company had 6.1 million subscribers. Monthly user churn was 1.8%. Jio's earnings before interest, taxes, depreciation, and amortization (ebitda) rose 24% on-year and 6.6% sequentially to ₹ 18,135 crore in the June quarter. Ebitda margin rose 1.7 percentage points sequentially to 51.8%. According to Jio's investor presentation, the company is also seeing strong traction in its cloud gaming platform Jio Games, its cloud storage platform JioAICloud, and JioPC, its virtual desktop. Jio said it is ready to take its 5G stack with cloud native core network to global markets. Total data traffic rose 24% on-year and 11.9% sequentially to 54.7 billion GB in the June quarter, helped by the growth of the company's fibre broadband and AirFiber users. Monthly average data consumption per user on the company's network was 37 GB, up from 33.6 GB in the preceding three months and 30.3 GB in the corresponding year-ago period.
The Print
3 days ago
- Business
- The Print
Jio Platforms' Q1 net profit up 25 pc to Rs 7,110 cr
Jio Platforms Q1FY26 gross revenue climbed 19 per cent year-on-year (YoY) to Rs 41,054 crore, according to the earnings statement released by parent Reliance Industries. New Delhi, Jul 18 (PTI) Jio Platforms on Friday reported a nearly 25 per cent year-on-year rise in net profit to Rs 7,110 crore in the quarter ended June. Operating revenue growth was driven by a strong rise in subscriber base across mobility and homes, and increasing customer engagement and digital services business, the company said. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, noted that Jio has scaled newer heights during the quarter, including crossing 200 million 5G subscribers and 20 million home connects. 'Jio AirFiber is now the largest FWA (Fixed Wireless Access) service provider in the world, with a base of 7.4 million subscribers. Our Digital Services business consolidated its market position with a robust financial and operational performance,' Ambani said. Average Revenue Per User – a key metric for all telecom companies – increased to Rs 208.8 against Rs 206.2 in the March quarter and Rs 181.7 in the June quarter of FY25. The company attributed the margin increase of 210 basis points YoY to operational leverage and sharp focus on cost efficiencies. Akash Ambani, Chairman of Reliance Jio Infocomm, said: 'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country.' PTI MBI MBI SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
3 days ago
- Business
- Business Standard
RIL Q1FY26 results: Profit up 78% at ₹26,994 crore, revenue rises 6%
Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of ₹26,994 crore for the quarter ended June 2025 (Q1) of the financial year 2026 (FY26), marking a sharp 78.3 per cent rise from ₹15,138 crore in the same period last year. Sequentially, profit grew 39.1 per cent from ₹19,407 crore in Q4 FY25. Consolidated revenue from operations for the conglomerate stood at ₹2,73,252 crore for the quarter. This was 6 per cent up compared to ₹2,57,823 crore year-on-year (Y-o-Y). Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said, 'Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros". "During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices... Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment," Ambani said. He added that the company's retail business' registered customer base expanded to 358 million, and that it was focusing on strengthening its portfolio of own FMCG brands. "...Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connects. Jio AirFiber is now the largest FWA service provider in the world, with a base of 7.4 million subscribers," he said, referring to the company's Jio network. He also laid out an ambitious target based on the company's performance and growth plans, saying "... Reliance will continue its stellar track record of doubling every 4-5 years." The company incurred capital expenditure of ₹29,875 crore for the quarter ended June 30, 2025. Jio Platforms RIL's digital arm, Jio Platforms, reported a revenue of ₹41,054 crore for Q1 FY26, registering an 18.8 per cent year-on-year growth from ₹34,548 crore. Profit after tax rose 24 per cent to ₹7,110 crore during the quarter. Shares of Reliance Industries closed at ₹1476.85 apiece on the BSE on Friday. Reliance group highlights Jio surpassed 200 million 5G subscribers, with 20 million home connections. Jio Platforms EBITDA jumped 24 per cent y-o-y at ₹18,135 crore. Reliance Retail EBITDA increased 13 per cent y-o-y at ₹6,381 crore.
