July 30, 2020

BSE Limited National Stock Exchange of India Limited

Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Plot No. C/1, G Block
Mumbai 400 001 Bandra-Kurla Complex
Bandra (East)
Mumbai 400 051
Scrip Code: 500325 / 890147 Trading Symbol: RELIANCE / RELIANCEPP

Dear Sirs,

Sub: Media Release

We attach a copy of the Media Release issued by Jio Platforms Limited, a subsidiary of
the Company.

Kindly acknowledge receipt.

Thanking you,

Yours faithfully,
For Reliance Industries Limited

Savithri Parekh
Joint Company Secretary and
Compliance Officer

Encl.: As above

Copy to:

The Luxembourg Stock Exchange Singapore Stock Exchange

Societe de la Bourse de Luxembourg 2 Shenton Way, #19- 00 SGX Centre 1,
35A boulevard Joseph II Singapore 068804
B P 165, L-2011 Luxembourg

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: [email protected], Website: www.ril.com
CIN- L17110MH1973PLC019786
Media Release
Mumbai, 30th July 2020

JIO PLATFORMS HAS RAISED ₹ 152,056 CRORES TO BOLSTER JIO’S INITIATIVES

TOWARDS DELIVERING BREAKTHROUGH TECHNOLOGIES AND BUILDING WORLD’S
LEADING DIGITAL SERVICES PLATFORM

CUSTOMER ADDITION OF 9.9 MILLION DESPITE COVID RELATED IMPACTS;

GROSS ADDITION IN EXCESS OF 15 MILLION DURING THE QUARTER

DATA TRAFFIC UP 30% YOY TO 14.2 EXABYTES WITH STRONG CUSTOMER

ENGAGEMENT AND BEST-IN-CLASS NETWORK PERFORMANCE

STRONG ARPU UPLIFT TO ₹ 140, ALONGWITH LOWEST INDUSTRY CHURN

REINFORCES JIO’S PREFERRED POSITIONING

ROBUST FINANCIAL PERFORMANCE WITH 33.7% YOY

REVENUE GROWTH AND 55.4% YOY EBITDA GROWTH

HIGHLIGHTS OF QUARTER’S (Q1 – FY 2020-21) PERFORMANCE OF RJIL

Standalone Financials YoY

1Q’ 20-21 1Q’ 19-20
(₹ crore) Growth
Value of Services 19,513 14,593 33.7%
Operating revenue 16,557 12,383 33.7%
EBITDA 7,281 4,686 55.4%
EBITDA margin 44.0% 37.8% 613bps
EBIT 4,543 3,029 50.0%
Net Profit 2,520 891 182.8%

➢ Standalone revenue from operations, including access revenues, of ₹ 16,557 crore

➢ Standalone EBITDA of ₹ 7,281 crore and EBITDA margin of 44.0%, up from 37.8% in
1Q FY19-20
➢ Standalone Net Profit of ₹ 2,520 crore (182.8% YoY growth)
➢ Total Customer base as on 30th June 2020 of 398.3 million
➢ ARPU during the quarter of ₹ 140.3 per subscriber per month
➢ Total wireless data traffic during the quarter of 1,420 crore GB (30.2% YoY growth)
➢ Total voice traffic during the quarter of 88,944 crore minutes (13.2% YoY growth)

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 1 of 7
Media Release
Commenting on the results, Shri Mukesh D. Ambani, Chairman and Managing Director,
Reliance Industries Limited said: “Jio started with a vision of connecting everything by building
a robust and secure wireless and digital network and extending the benefits of digital connectivity
to everyone in India. Thirteen investors, which include the largest technology companies and
investors globally, now share a common vision with us.

Jio Platforms Limited with partnerships across promising Indian start-ups and globally renowned
technology companies is set to drive the next leg of hyper growth for digital businesses. Our
growth strategy is aimed at meeting the needs of all the 1.3 billion Indians. We remain focused on
playing a leading role India's transformation into a Digital Society.”

Jio Platforms Limited concludes fund-raising exercise with marquee list of investors
▪ Jio Platforms Limited has raised ₹ 152,056 crore across thirteen investors which includes
Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala,
ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and
Qualcomm Ventures.
▪ Reliance Industries, post completion of these investments, would hold 66.48% equity stake
in Jio Platforms on a fully diluted basis.
▪ Of the total investment, Jio Platforms Limited has already received ₹ 115,694 crore as
subscription amount from ten investors. ₹ 22,981 crore will be retained at Jio Platforms to
drive future growth.
▪ The investment process has been concluded with an investment of ₹ 33,737 crore by
Google for 7.73% equity stake on fully diluted basis.
▪ Jio Platforms and Google have also entered into a commercial agreement to jointly develop
an entry level affordable smartphone with optimizations to the Android operating system
and the Play Store.

Jio Platforms Limited – An Integrated Tech Platform to serve a Billion Indians

Connectivity
▪ Total Customer base as of 30th June 2020 was 398.3 million.
▪ Strong wireless gross addition of 15.1 million during the quarter despite Covid related
restrictions across the country.
▪ Monthly churn rate for wireless subscribers at only 0.46% during the quarter.
▪ Customer engagement has increased during the quarter with national lockdown driving
average wireless data consumption per user per month to 12.1 GB and average voice
consumption to 756 minutes per user per month.

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 2 of 7
Media Release
Digital Platforms
▪ Jio Platforms has rolled out India's first and only cloud-based video-conferencing app,
JioMeet during the quarter. Within few days of launch JioMeet has been downloaded by
more than 5 million users.
▪ JioMeet was used as a digital platform to host the 43rd AGM of Reliance Industries Limited
virtually. During this event, JioMeet had 3.2 lakh concurrent users across 42 countries and
468 cities making it one of the largest shareholder meetings in the world.
▪ MyGov Corona Helpdesk powered by JioHaptik is the Indian government’s official
WhatsApp chatbot helpline to address FAQs on Covid-19. Over 30 million citizens have
used it in the last 3 months, and it has also received 2 awards at CogX AI Summit London.
▪ EasyGov platform integrated with MyJio and JioPhone enabled 14 million eligibility checks
for Atmanirbhar Bharat Scheme and other schemes for migrant labour and farmers.
▪ Jio has enabled e-learning across its digital platforms – JioTV (65 channels), JioSaavn
(1,100 podcasts) and Jio Set-top box (21 applications). Apart from multiple content
providers Jio has also collaborated with MoHRD, NCERT and Seven State Governments
for this initiative.

FTTH services see pent-up demand due to lockdown

▪ The process of converting initial test users to paid-plans is largely complete with more than
1 million home users connected with Jio FTTH services.
▪ Average usage across the user base has witnessed a significant increase due to work from
home and learn from home.
▪ JioTV+ with a single sign-in process will make it easier for the Jio set-top box users to
access content across different OTT platforms without separate logins. JioTV+ brings
together content from all the Jio media & entertainment applications along with other
leading third-party content providers like Netflix, Amazon Prime, Disney Hotstar, Sony LIV,
Zee5 and many more.
▪ Our rollout of services for large enterprises continues. Jio's enterprise-grade voice and data
services in combination with cloud-based solutions would bring digitisation of Indian SMEs
at par with large connected enterprises.

Innovation and Enhancement in the Largest Distribution and Service Network

▪ Reliance Retail is the master distributor for Jio services across mobility and FTTH. Reliance
Retail manages a pan-India distribution channel of over 1 million retailers for customer
acquisition and selling recharges.
▪ Jio has launched the Jio POS-Lite application to create a convenient alternative channel
for our subscribers to recharge, purchase a new connection or port into Jio network. This

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 3 of 7
Media Release
peer to peer recharging application has had very healthy traction and minimised the impact
of lockdown on recharge cycle of Jio subscribers.
▪ Our best-in-class self-service application, MyJio has been continuously enhanced with
incremental features and integration of mini-apps like JioTV, JioSaavn, JioCinema,
JioNews, JioMeet, JioHealthHub, JioEngage, JioCloud, EasyGov, JioMoney, JioTogether,
AJIO, Reliance Digital, UPI and Stories.

Strong Financial Performance

▪ Jio has reported strong Revenue and EBITDA growth driven by sustained subscriber
momentum and ARPU improvement.
▪ Quarterly operating revenue for RJIL increased 33.7% YoY to ₹ 16,557 crore with EBITDA
margin of 44%.
▪ Strong EBITDA growth of 55.4% YoY to ₹ 7,281 crore drives net profit to ₹ 2,520 crore
during the quarter (growth of 183% YoY).

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 4 of 7
Media Release
JIO PLATFORMS LIMITED

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR QUARTER ENDED 30th JUNE 2020
(₹ in crore, except per share data)
Quarter Ended
Particulars
30th Jun’20 31st Mar’20
INCOME
Value of Services 20,277 17,993
GST Recovered (3,023) (2,620)
Revenue from Operations 17,254 15,373
Other Income 285 39
Total Income 17,539 15,412
EXPENSES
Network Operating Expenses 5,237 4,699
Access Charges 1,393 1,367
License Fees/Spectrum Charges 1,818 1,576
Employee Benefits Expense 563 518
Finance Cost 1,170 1,136
Depreciation and Amortisation Expense 2,776 2,209
Selling and Distribution Expenses 288 223
Other Expenses 908 740
Total Expenses 14,153 12,468
Profit Before Exceptional Items & Tax 3,386 2,944
Exceptional Items (Net of Tax) - (31)
Profit Before Tax 3,386 2,975
Tax Expenses
Current Tax 5 (251)
Deferred Tax 862 849
Net Profit for the period (before adjustment for Minority Interest) 2,519 2,377
Share of Loss transferred to Minority Interest 1 2
Net Profit for the period 2,520 2,379
Other Comprehensive Income
(i) Items that will not be reclassified to profit or loss 68 16
(ii) Income tax relating to items that will not be reclassified to profit or loss - -
(iii) Items that will be reclassified to profit or loss (16) (18)
(iv) Income tax relating to items that will be reclassified to profit or loss 4 4
Total Other Comprehensive Income for the period (Net of Tax) 56 2
Total Comprehensive Income for the period 2,576 2,381
Earnings per Equity share of face value of ₹10/- each - Not annualised
Basic (in ₹) 5.08 4.79
Diluted (in ₹) 3.72 3.58
Paid up Equity Share Capital, Equity Shares of ₹ 10/- each 4,961 4,961

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 5 of 7
 Media Release
RELIANCE JIO INFOCOMM LIMITED

UNAUDITED STANDALONE FINANCIAL RESULTS FOR QUARTER ENDED 30th JUNE 2020

(₹ in crore, except per share data)

Year ended
Quarter Ended
Particulars (Audited)
30th Jun’20 31st Mar’20 30th Jun’19 31st Mar’20
INCOME
Value of Services 19,513 17,454 14,593 63,983
GST Recovered (2,956) (2,619) (2,210) (9,667)
Revenue From Operations 16,557 14,835 12,383 54,316
Other Income 276 26 16 87
Total Income 16,833 14,861 12,399 54,403
EXPENSES
Network Operating Expenses 5,225 4,560 3,824 16,930
Access Charges 1,393 1,367 1,555 5,795
License Fees/Spectrum Charges 1,818 1,576 1,287 5,720
Employee Benefits Expense 318 387 392 1,463
Finance Costs (Net) 1,168 1,133 1,660 6,617
Depreciation and Amortisation Expense 2,738 2,168 1,657 7,396
Selling and Distribution Expenses 275 227 345 1,277
Other Expenses 523 543 310 1,564
Total Expenses 13,458 11,961 11,030 46,762
Profit Before Exceptional Items & Tax 3,375 2,900 1,369 7,641
Exceptional Items (Net of Tax) - (31) - 146
Profit Before Tax 3,375 2,931 1,369 7,495
Tax Expenses
Current Tax - (252) 295 -
Deferred Tax 855 852 183 1,933
Net Profit for the period/year 2,520 2,331 891 5,562
Other Comprehensive Income
(i) Items that will not be reclassified to profit or loss (9) (16) - (8)
(ii) Income tax relating to items that will not be reclassified
to profit or loss 2 4 - 2
Total Other Comprehensive Income/(Loss) for the
period/year (Net of Tax) (7) (12) - (6)
Total Comprehensive Income for the period/year 2,513 2,319 891 5,556
Earnings per Equity share of face value of ₹10/- each - Not
annualised
Basic (in ₹) 0.56 0.52 0.20 1.24
Diluted (in ₹) 0.15 0.14 0.14 0.59
Paid up Equity Share Capital, Equity Shares of ₹ 10/- each 45,000 45,000 45,000 45,000
Other Equity 1,25,956

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 6 of 7
Media Release
NOTES:

1. The figures for the corresponding previous period have been regrouped / reclassified
wherever necessary, to make them comparable.

2. The Company continues to invest in augmentation of the wireless and wireline network
capacity.

3. The Company is mainly engaged in the business of providing Digital Services. Accordingly,
the Company presently has one Digital Services segment as per the requirements of Ind
AS 108 - Operating Segments.

4. The Company has evaluated the implications of the COVID 19 pandemic and has
determined that there is no significant impact on its financial position and performance.

5. The Audit Committee has reviewed the above results and the Board of Directors has
approved the above results and its release at their respective meetings held on 29th July
2020. The Statutory Auditors of the Company have carried out a Limited Review of the
aforesaid results.

Registered Office: Corporate Communications Telephone : (+91 79) 3503 1200

Office 101, Saffron, Nr. Centre Maker Chambers IV
Point, Panchwati 5 Rasta, 9th Floor, 222, Nariman Point CIN : U72900GJ2007PLC105869
Ambawadi, Ahmedabad-380 006 Mumbai 400 021, India Website : www.jio.com and www.ril.com
Gujarat, India
Page 7 of 7