Business & Investment

Reliance Industries Ratings: Purchases-Tariff Raises and Ratings to Increase Jio’s ARPU

The emergence of new Covid variants can impact fuel demand and B & M retail, if restrictions are imposed. Modify PT to Rupee 2,950 to take into account Jio’s higher rating. Keep your purchase.

Jio has increased prepaid charges by 20% in the smartphone segment. This increase should restore Jio’s rate discounts compared to Bharti and maintain subscriber momentum.Upgrade RILConsolidated EPS is 3-4% on FY23-24e, and after upgrading ARPU estimates by 6-7%, Jio’s valuation will be raised to $ 96 billion. The emergence of new Covid variants can impact fuel demand and B & M retail, if restrictions are imposed. Modify PT to Rupee 2,950 to take into account Jio’s higher rating. Keep your purchase.

Reliance Jio raises prepaid fees by 20%: Bharti Airtel When Vodafone ideas Just a while ago. In particular, Reliance Jio has raised most plans for smartphone users, but has raised the price of only one of the five JioPhone plans it offers.

Focus on both subscriber addition and ARPU: Reliance Jio’s price increase has returned discounts to 13-20% compared to Bharti in the prepaid smartphone segment. Since March 21, Reliance Jio has added 24 million active subscribers to the 2 million additions in this sector. Given that Jio hasn’t changed these JioPhone plans, despite the sharp rise in Bharti’s voice bills, JioPhone subscribers should continue to be the driving force.

Migrating to JioPhone The next question is still difficult. Post a price change. On an absolute spending basis, 2G feature phone users, low-end JioPhone users, and high-end JioPhone users will spend more than 24 times, 2.6 to 4.4 times. One month period to upgrade to JioPhone Next. This could limit JioPhoneNext’s addressable market to 105 million low-end smartphone users, unless Reliance lowers device prices in the coming months.

Raise Jio’s estimate: The 20% surge in the prepaid smartphone segment exceeds expectations of a 7% increase in the fourth quarter of 2010 and the fourth quarter of 2011. Given this, we believe it is unlikely that a new tariff increase will occur in the fourth quarter of 2011, and as a result, Jio’s ARPU is expected to reach 172 rupees by 2012. We are hoping that Jio will achieve a CAGR of 18-31% in revenue and profit by raising the revenue / Ebitda / profit estimate by 5-23% for 2010-24.

Upgrade PT to Rs 2,950: The emergence of new Covid variants has the potential to impact fuel demand and drive sustainable recovery in refining by mid-2010. Also, if restrictions are imposed, it can put pressure on the growing footprint of B & M retail. Once the infectious disease is contained, retailers should accelerate their growth as well as increase their profitability. Progress in capital investment in the renewable energy business must support RIL’s assessment. Keep your purchase.

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Reliance Industries Ratings: Purchases-Tariff Raises and Ratings to Increase Jio’s ARPU

https://www.financialexpress.com/market/reliance-industries-rating-buy-tariff-hike-to-boost-jios-arpus-valuation/2381679/ Reliance Industries Ratings: Purchases-Tariff Raises and Ratings to Increase Jio’s ARPU

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