Reliance Jio to hire 80000 people in FY19

Reliance Industries share price at record high ahead of Q4 FY18 results stock crosses Rs 1000 mark

The mobile arm registered 26.5 million new users, taking it total user base to 186.6 million, making it the fourth largest mobile operator in the country after Airtel, Vodafone and Idea Cellular.

The company's standalone net profit for Q4 increased 6.7 per cent to Rs 8,697 crore, while its revenue increased 20.8 per cent to Rs 90,894 crore ($13.9 billion). Operating profit expanded almost 34 per cent to Rs 74,184 crore ($11.4 billion). Net profit was flat at Rs 510 crore compared with Rs 504 crore in the third quarter.

"The year 2017-18 was a landmark year for Reliance where we established several records on both operating and financial parameters". In its financial performance report, RIL said the company reported highest annual EBIT (earnings before interest and taxes) for refining, petrochemicals, retail businesses.

The energy-to-telecom conglomerate, led by India's richest businessman Mukesh Ambani, logged 17.26 per cent year-on-year (YoY) rise in profit and beat a Rs 9,350 crore estimate that some analysts had projected in an ETNow poll.

Consolidated quarterly revenues stood at Rs 1.17 lakh crore, up 17 percent quarter on quarter.

More news: Brady, Gronk Still not Happy About Butler Benching

RIL said its J3 refinery, one of the world's most complex and highly integrated project, is almost complete and has redefined refining and petrochemicals integration.

However, gross refining margin, which is what the company earns while turning every barrel of crude into fuel, fell to $11 per barrel during the March quarter as against $11.6 in the December quarter. Revenue grew by 105% year-on-year to Rs 69,198 crore from Rs 33,765 crore.

These results prove the competitive marketing strategies of Reliance Telecommunications and their capacity to provide the best services to the customers and their partners. Then, in March this year, the company started offering the same device at Rs. 1,999, but with cashback and vouchers worth Rs. 3,595.

RIL's share price at the BSE today closed at Rs 994.75, up 1.9 per cent as compared to previous close.

Apart from the revenue aspect, Reliance Jio also released the data which details the number of subscribers along with the total amount of data consumed. Going by the promo image, the JioFi M2S hotspot device will be provided as part of the offer.

Related News:

  • Kim Kardashian shares naked photos to promote fragrance

    Kim Kardashian shares naked photos to promote fragrance

    However, others jumped to the star's defence, with many defending her right to show off her body while others praised her figure. While Kim made sure (barely) cover her modesty, the reality star's fans were left divided by her raunchy snaps.
    Westbrook fined $10000 for altercation with Gobert

    Westbrook fined $10000 for altercation with Gobert

    Westbrook has found himself in a personal battle against Ricky Rubio , one that Rubio may very well be winning through four games. He ended with 23 points, 14 rebounds and three assists. "I thought we played downhill a lot more", coach Billy Donovan said.
    BMW Concept iX3 revealed at 2018 Auto Shanghai

    BMW Concept iX3 revealed at 2018 Auto Shanghai

    But the concept is wearing an all-new kidney grille akin to the one seen on the i Vision Dynamics Concept from previous year . The BMW iX3 is the electric variant of the X3 SUV and is based on the fifth generation BMW eDrive technology.
  • Modi's troll army brings down India's rank in World Press Freedom Index

    Modi's troll army brings down India's rank in World Press Freedom Index

    It said Independent News and Media (INM) controls much of the daily and Sunday newspaper market, while broadcasting is dominated by RTÉ.
    A breezy day moves in Thursday

    A breezy day moves in Thursday

    That cold front may bring our highs down by just a couple degrees but most of us should still be around 60. As mentioned above, the area of high pressure will look to warm things up nicely next week.
    WhatsApp banning under-16s in Europe

    WhatsApp banning under-16s in Europe

    More importantly, it will ban the usage of children's online data or profiles for marketing or advertising purposes. On May 25, people who live in the European Union will see a prompt when they log into their Twitter account .
  • Chennai Super Kings win toss, choose to bowl first

    Chennai Super Kings win toss, choose to bowl first

    However, Rayudu and skipper Dhoni had other ideas as the duo staged a fine recovery before bringing CSK right back into the game. De Villiers (68) dominated with a simply incredible display of hitting while De Kock (53) was more than just second fiddle.
    Waffle House suspect: Erratic behavior years before shooting

    Waffle House suspect: Erratic behavior years before shooting

    But Darlene Sustrich said Reinking began showing signs of paranoia in his last few days at the crane service. An attorney listed as Reinking's lawyer did not immediately respond to an email seeking comment.
    Meek Mill takes chopper to basketball game after prison release

    Meek Mill takes chopper to basketball game after prison release

    Meek Mill , who was sentenced after violating his probation on a drug and weapon's case regained his freedom on Monday. It also did not remove Brinkley but noted she "may opt to remove herself from presiding over this matter".
  • Hundreds of Yerevan Residents Commemorate Genocide of Armenians

    Hundreds of Yerevan Residents Commemorate Genocide of Armenians

    The Turkish president offered condolences to the families of Ottoman Armenians who lost their lives during the 1915 events. The U.S. leader used the term used by the Armenian "meds Yeghern", calling it one of the most bad crimes of XX century.
    Cosby jury dives into star defense witness testimony

    Cosby jury dives into star defense witness testimony

    During closing arguments, Cosby's lawyers slammed #MeToo , calling Cosby its victim and likening it to a witch hunt or a lynching. Cosby's attorneys said they were disappointed by the verdict and planned to appeal.
    Harry Kane A Real Madrid Transfer Target - Ramon Calderon

    Harry Kane A Real Madrid Transfer Target - Ramon Calderon

    Real Madrid star Gareth Bale is honoured by links to Bayern Munich and refused to rule out a move to the Bundesliga champions. Tottenham striker Harry Kane is a target for Real Madrid , according to the club's former president Ramon Calderon .


Most liked

Ricciardo denies speaking to Ferrari about 2019 deal
"That's not true, I can say that", Ricciardo clarified at Thursday's media conference ahead of the Azerbaijan Grand Prix. The Australian is now in talks with Red Bull over extending his stay at the UK-based team.

Huawei is being criminally investigated by the US Justice Department
Aside from Qualcomm, ZTE's other major business partners include Alphabet Inc's Google, Texas Instruments Inc and GlobalFoundries. The growing demand for 4K HRD TVsets has also helped ZTE register good shipment numbers for its fixed-network broadband products.

LeBron James sinks three for buzzer-beating win
The Pacers' decision not to foul James before he could ever get into his shooting motion at the other end, however, cannot. Needing to win to keep their season alive, Friday night's Game six at Bankers Life Fieldhouse will be a gold out.

George RR Martin Has Some Bad News for Game of Thrones Fans
Martin announced Wednesday that a new book from the world of " Game of Thrones " will be released this year. An important message relayed in Martin's new post was to stress that Fire & Blood is not a novel.

Jeremy Corbyn calls for Amber Rudd to resign over Windrush scandal
Amber Rudd is set to face a grilling from MPs over her handling of the Windrush scandal as Labour stepped up its calls for the Home Secretary to resign.

Markets Right Now: Big tech, industrials lead stocks lower
The stock's rise helped the Dow bounce back from a 201.05-point deficit and snap a five-day losing streak. Stocks nosedived Tuesday, with the Dow Jones industrial average sinking 600 points at session lows.

Milwaukee Bucks vs Boston Celtics Game 5 odds
This was backed up by a tremendous second period where they outscored the Celtics , 27-18, givingthem a 51-35 lead at halftime. Every point - even Smith's buzzer-beater in the first quarter - mattered in this one, as the Cavs held on to a 104-100 win.

Wenger: I didn't want to leave Arsenal now
It leaves Atleti with just 14 fit outfield players in their first-team squad for the first leg at the Emirates Stadium this week. Atletico sit second in the Primera Liga and with Champions League qualification assured for next season.

Comcast declares bidding war on Murdoch and Disney over Sky
A woman walks past the NBC and Comcast logos on 30 Rockefeller Plaza in midtown Manhattan in NY , U.S., February 27, 2018. Comcast has made its $31 billion offer formal, offering a 16% premium to the Fox offer on the table.

Australia says admiral will be next United States ambassador to Seoul
The Trump administration hopes to have Admiral Harris in Seoul by May or June, after hearings that could come in the next two weeks. "I think that's regrettable", he said.

IOS 11.3.1 rolls out with iPhone display fix
Despite issuing the fix, Apple has reiterated that customers should not go to anyone other than Apple for screen repairs. A particular bug was causing some iPhone 8 models fitted with third-party display units to become unresponsive to touch.

Amazon Launched in India Echo and Echo Dot, Plus Smart
With Echo Spot , users can now see the product image, title, price, and user ratings on the screen when shopping. The feature is available on all Echo devices in India including the Echo Spot , Echo Dot , Echo and Echo Plus .

Suspects in killing of Hamas engineer still in Malaysia, police say
Fadi Mohammad al-Batsh, 35, was killed in a hail of bullets by two attackers Saturday as he walked to a mosque for dawn prayers. Dan Diker from the Jerusalem Center for Public Affairs told WIN that Hamas has indeed become an global terrorist organization.

Mnuchin will head to China for trade talks
In a speech earlier this month, Chinese president Xi Jinping said his country would open itself wider to foreign companies. Americana Development and the Champion Safe Co. of Provo, Utah, said in comments to the Office of U.S.

Oxlade-Chamberlain's World Cup hopes in doubt
The squad doesn't get bigger at the moment so we need to be creative in the next few games". I'm a very positive person and I hope that it only feels bad but is not that bad.