Reliance Q4 net up 17.3% at Rs9,435 crore

Reliance Q4 net up 17.3% at Rs9,435 crore

Jio has released a banner which indicates that customers will get M2S hotspot device under this offer. The telecom industry's latest entrant garnered 15 per cent market share, but its average revenue per user fell to '137 during the March quarter, as against the industry high of '156.

Reliance Industries' net profit rose close to 3 percent to Rs, 8,697 crores from the preceding year's fourth quarter.

Reliance Jio, the company's telecom operator had reported the profit of Rs. 504 in the Q3 2017.

For the full year, net profit reported to Rs 722.96 crore in the year ended March 2018 as against net loss of Rs 31.37 crore during the previous year ended March 2017. Its net profit for the entire fiscal year, which is also its first year of commercial operations, is of Rs 723 crores.

Celtic boss Rodgers 'surprised' by Gerrard links with Rangers
He had a massive amount of experience as a player - I think I would talk to him as well if I owned a club. I had a good relationship with him, similar to what I have here with Scott Brown.

The company said in FY18 revenue from the Refining & Marketing segment increased by 22 per cent year-on-year to Rs 306,095 crore ($47 billion), primarily on account of higher crude prices during the year. Earnings from the petchem division are expected to surge to Rs6,600 crore, a 92% rise year-on-year, largely attributed to the commissioning of the off-gas cracker and petcoke gasification units at the refinery in Jamnagar.

Gross refining margin (GRM) for the quarter fell to $11 per barrel compared with $11.5 per barrel in the year-earlier period. A report by Jefferies expects refining EBIT to fall 5% this quarter to Rs6,000 crore levels while the retail business's EBIT will increase 135% to Rs600 crore.

The company said higher interest and depreciation charges with the commissioning of projects across businesses resulted in relatively lower growth in profit after tax. For Jio Prime registration, clients should pay an extra recharge amount of Rs 99. In addition, Reliance will credit cashback worth Rs 2,220 to users in the form of JioCash. Outstanding debt as on March 31, 2017 was Rs 196,601 crore.

Jio's WiFi dongles compete with Airtel's 4G hotspot which is also available at Rs 999, but Jio's recharge plans are somewhat better compared to what Airtel has to offer.

Related Articles

  • Snapchat unveils new version of Spectacles

    Snapchat unveils new version of Spectacles

    The second-generation Spectacles add several new features and enhancements to the company's first wearable camera. Snapchat has sought to expand out from simply being a social media platform, moving into the sunglasses industry.
    White House Doctor Withdraws As Trump's Cabinet Nonimee

    White House Doctor Withdraws As Trump's Cabinet Nonimee

    The official, who spoke to the AP on condition of anonymity to describe internal discussions, said Jackson denied the allegations. Trump surprised even his closest aides a month ago with an evening tweet announcing Jackson was his pick to run the VA.
    Trump defends embattled VA nominee after hearing is delayed

    Trump defends embattled VA nominee after hearing is delayed

    Jackson "will certainly not be railroaded by a bitter ex-colleague who was removed from his job", said a White House statement. But Jackson is facing another hurdle in his nomination process: the Senate Veterans Affairs Committee .
  • What Do the French Think of Trump and Macron's Bromance? - Source Washingtonian

    What Do the French Think of Trump and Macron's Bromance? - Source Washingtonian

    France's President Emmanuel Macron addresses joint meeting of Congress in the House chamber in Washington , D.C., on April 25, 2018.
    Mass. Police Departments Taking Park In Prescription Drug Take Back Day

    Mass. Police Departments Taking Park In Prescription Drug Take Back Day

    During the October 2017 effort, MSP posts collected roughly 802 pounds of prescription drugs. Simmons said each year the amount of collected prescription drugs continues to increase.
    Heat Check podcast: What's next for Hassan Whiteside, Dwyane Wade?

    Heat Check podcast: What's next for Hassan Whiteside, Dwyane Wade?

    Wade said the decision needs to be family oriented , saying they're "next on my bucket list". I appreciate [the concern], but let me worry about that later", Wade said.
  • NFL Draft 2018: Ryan Shazier walks across stage, announces selection for Steelers

    Ben Roethlisberger is about to enter his 15th National Football League season, all with the Pittsburgh Steelers . He joins Brandon Weeden, Zac Robinson and Rusty Hilger as the only OSU quarterbacks to be drafted into the NFL .
    Redskins pick LSU RB Derrius Guice in 2nd round of NFL Draft

    Redskins pick LSU RB Derrius Guice in 2nd round of NFL Draft

    But here's the thing: getting a running back with this much talent so late in the second round could prove to be a great steal. I have a great personality, and I just didn't understand why everything just hit so hard with me out of everybody".
    Bill Cosby found guilty of all charges

    Bill Cosby found guilty of all charges

    Attorney Gloria Allred, who represents more than 30 of the Cosby accusers, spoke as the women stood by outside the courthouse. Cosby was charged with violating Temple University employee Andrea Constand at his suburban Philadelphia home in 2004.
  • Senate confirms Mike Pompeo as next secretary of state

    Senate confirms Mike Pompeo as next secretary of state

    Heidi Heitkamp of North Dakota, Joe Donnelly of Indiana, Joe Manchin of West Virginia and Bill Nelson of Florida all voted yes. His agenda is already packed, with crucial deadlines in the coming weeks involving Russia, North Korea, Syria and Venezuela.
    13 children die as India school bus hits train

    13 children die as India school bus hits train

    The Uttar Pradesh chief minister reached the accident spot after visiting the district hospital. "Abhi bhimein bol raha hoon. It is being reported that he tried to speed past the unmanned level crossing but the van somehow got stuck on the tracks.
    Dhoni breaks personal six-hitting record in IPL

    Dhoni breaks personal six-hitting record in IPL

    Match 24 of the Indian Premier League offered everything it promised and more to the millions tuning in from around the world. The innings took Rayudu's total runs in the tournament to 283, which made him the owner of the Orange Cap as the top-scorer.