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Showing posts from March, 2019

Reliance JIO PL statement

Reliance JIO PL statement When controversy about Reliance Jio is going on about its Predatory pricing - aggravate marketing, it awakened my   spirit to read their annual   financial statement. Some of the features that I found are shared herewith   with my observations. PL statement of Reliance Jio   year ended 31-3-2018 : Revenue 20158 cr   Expenses 19049 cr PBT 1109 cr Net Profit 723 cr Employee Expense 963 cr ( salary 853 cr PF, welfare etc) Operating expense 4921 cr Access Charge expense 4287 cr Depreciation 3577 cr For Every equity of Rs 10 the earning is 16 paise   Equity capital is 45000 cr   Total Borrowing as on April 1, 2017 was 47463 cr The company is providing Employees plans as of PF scheme and Gratuity act TRAVELLING EXPENSES SHOWN ONLY as Rs 25 CR CONTRIBUTION TO Pension fund was shown as 36 cr and   PF 72 cr   Each Jio subscriber on an average consumes 9.7 GB data, 716 minutes of voice calls, and 13.8 hours of video per month.   Jio