Reliance Jio Q1 Review - Healthy Quarter, 5G Outlay, Strategy Key: Dolat Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Reliance Jio Platform Ltd.’s Q1 FY23 performance was healthy, led by 4.8% QoQ growth in average revenue per user to ~Rs 176. Apart from trickle-down effect of the tariff hikes in Q3 FY22, the strong showing was led by better subscriber mix and expansion of fiber-to-the-home services. Subscriber base grew by 9.7 million (down 10.8/down 8.5 million in Q4/Q3 FY22). We believe the sim consolidation phase and cleaning up of inactive subscribers is behind. Revenue/Ebitda/profit after tax grew by 4.7/4.3/ 3.9% QoQ and 21.6/27.2/23.8% YoY. Sharp increase in depreciation and amortisation QoQ/YoY at 13/36% was a negative. We foresee Jio as a structural growth story in the medium to longer term. This growth shall be led by a combination of moderate subscriber growth and consistent rise in ARPU (8-12% compound annual growth rate). In parallel, we expect Jio to capitalise on alternate revenue streams viz. FTTH, enterprise, content, payments, healthcare, education etc..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Reliance Jio Q1 Review - Healthy Quarter, 5G Outlay, Strategy Key: Dolat Capital

Reliance Jio Q1 Review - Healthy Quarter, 5G Outlay, Strategy Key: Dolat Capital

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