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柔和Q2显示使得关税上调困难Jio的依赖
美国券商Jefferies剪掉电信估值的2%至880亿美元,称Jio 2问结果“操作疲弱,”和适度的估值是由于“低于预期收入和利息成本高于预期”。It went on to add that "a repeat of its 2Q subscriber performance in 3Q might dash hopes of a tariff hike in the near/medium term."
美国券商Jefferies剪掉电信2%至880亿美元的估值,说Jio2问结果的“操作疲弱,”和适度的估值是由于“低于预期收入和利息成本高于预期。“这接着补充说,“一个重复的2问用户性能3问会不会冲关税提高的希望在不久的/中期。”
Jio在第三季度的利润增长稍平的顺序,主要是因为财务费用增长32%与频谱拍卖购买在2021年3月除了用户超过1100万的损失,分析师表示。
即将到来的预算范围JioPhone下“似乎包含所有必要的功能的智能手机,包括定制操作系统;谷歌玩商店中所有应用程序的可用性;多语言支持和健壮的硬件规格,预示着手机的吸引力,“JM金融说。”(约排灯节)推出,瑞来斯管理希望重返Jio的一些用户在金字塔,并带领他们回到Jio网络。”
JioPhone发射
Jio将于下月推出JioPhone——其预算4 g与谷歌智能手机开发——在排灯节吸引更多的顾客。已经延迟设备的原始9月推出时间表由于持续的全球芯片短缺。
同时,结合数据大幅提高低收入客户提振消费和删除Jio的每用户平均收入(ARPU) 7 - 9月。
华尔街金融巨头摩根大通(JP Morgan)说:“Jio Q2 ARPU,站在Rs 144 + 4% q / q和符合其预期的增加”。
Jio丢失手机用户开始运营以来首次超过五年前因财政困难许多不能充电后第二个Covid波。
JM金融表示,信实工业——Jio的母公司——由于高流失用户损失第二Covid波”的一部分,它也可能是由于影响JioPhone用户锁定三年后搬出去。”
操作上,季疲软,Jefferies说。
Jio平台第二季度净利润超过23%;ARPU上升但公司失去用户
每用户平均收入(ARPU),一个关键性能参数,对电信业务发展顺序从Rs Rs 143.6 138.4前一个季度,“改善用户组合和增加客户互动的水平,”该公司在一份声明中说。
“收入、息税前利润和利润——所有(错过)估计,较上年同期下降20%,但1 hfy22首席财务官(经营现金流),1 h现金消耗,进一步和50%增量的Ebitda利润率低的失望,”杰弗里斯说。
JM金融补充说,这种情况可能是“负的行业“Jio可能不愿意参与增加关税。现金拮据的Vi,最弱的电信财务三私人球员,需要尽快提高关税来提高ARPU值,特别是当它一直无法关闭是资金。
Jefferies将FY22-24订户估计电信5%,目前预计Jio FY22-24添加约4900万用户。
IIFL证券表示,“Jio财政成本不可小觑增长了32%,达到了1084卢比(821卢比)的兴趣与光谱赢得了2021年3月拍卖踢,这限制了电信的帕特增长0.8% 2 q”。
Jio第二财季净利润在3528卢比而稍平的4 - 6月当季3501卢比,而其季度收入上升到18725卢比从上季度的17994卢比。
更高的数据消费
不过,分析师说,重要的能力已在Jio增加45%左右的频谱,3月份拍卖,提高了移动数据消费,这反映在估计有10%连续4 g运营商的移动流量激增214 PB (petabyte PB)在第三季度。Jio无线数据的平均每用户每月消费上升到17.6 GB从6月季度15.6 GB。
“强劲的数据消费以及低收入用户的失活导致Jio像样的顺序ARPU增长,”尼索尼说,高级主管(企业)在全球评级机构惠誉。
JM金融反过来依赖管理强调说,400万所房屋是通过Jio连接宽带网络与家目前在1600万,由地面稳定工作基础设施尽管Covid挑战。“每个家庭的平均数据消费仍稳定在每月300 gb的数据,”公司在一份报告中称。
最新火车订户数据显示Jio已经超过Airtel在家里宽带地盘在8月份首次成为该国的2号有线宽带球员背后的国营Bharat Sanchar Nigam说(BSNL)。
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<\/figure>Odds are lengthening on the likelihood of near-term tariff increases at Reliance Jio<\/a> after a steeper-than-expected decline in its customer base in the September quarter, although higher revenues per user and launch of a potentially game-changing affordable smartphone during Diwali should protect downside risks at India\u2019s biggest telco.US brokerage Jefferies, which snipped the telco\u2019s valuations by 2% to $88 billion, said Jio<\/a>\u2019s 2Q results were \u201coperationally weak,\u201d and the moderation in valuations was due to \u201clower-than-expected revenues and higher-than-expected interest costs.\u201d It went on to add that \u201ca repeat of its 2Q subscriber performance in 3Q might dash hopes of a tariff hike in the near\/medium term.\u201d
Jio\u2019s profit growth in the September quarter was flattish sequentially, due mainly to a 32% jump in finance costs linked to spectrum purchases in the March 2021 auction besides subscriber losses of more than 11 million, analysts said.
<\/div><\/div>To be sure, despite customer losses, Jio is still the market leader with 429.5 million users as of the quarter ended September, compared with Airtel and Vi\u2019s 321.23 million and 255.4 million, respectively, reported in the June quarter. Airtel and Vi are yet to report second-quarter earnings.
The upcoming budget-range JioPhone Next<\/a> \"seems to contain all necessary functionalities of a smartphone, including customised OS; availability of all apps within Google play store; multi-language support and robust hardware specifications, which should bode well for the attractiveness of the phone,\u201d JM Financial<\/a> said. \u201cWith its launch (around Diwali), the RIL management expects to re-engage some of Jio's subscribers in the lower pyramid, and bring them back into the Jio network.\"
JioPhone launch<\/a>
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Jio is set to launch JioPhone Next \u2013 its budget 4G smartphone developed with Google \u2013 around Diwali to attract more customers. It had deferred the device\u2019s original September launch timeline due to the continuing global chip shortage.
Meanwhile, a combination of sharply higher data consumption and removal of low-paying customers boosted Jio\u2019s average revenue per user (ARPU) in the July-September period.
The upcoming budget-range JioPhone Next<\/a> \"seems to contain all necessary functionalities of a smartphone, including customised OS; availability of all apps within Google play store; multi-language support and robust hardware specifications, which should bode well for the attractiveness of the phone,\u201d JM Financial<\/a> said. \u201cWith its launch (around Diwali), the RIL management expects to re-engage some of Jio's subscribers in the lower pyramid, and bring them back into the Jio network.\"
JioPhone launch<\/a>
<\/strong>
Jio is set to launch JioPhone Next \u2013 its budget 4G smartphone developed with Google \u2013 around Diwali to attract more customers. It had deferred the device\u2019s original September launch timeline due to the continuing global chip shortage.
Meanwhile, a combination of sharply higher data consumption and removal of low-paying customers boosted Jio\u2019s average revenue per user (ARPU) in the July-September period.
<\/div><\/div>Jio\u2019s ARPU \u2013 a key performance metric for the telecom business \u2013 grew 3.7% on-quarter to around Rs 144 in the fiscal second quarter.
Wall Street financial powerhouse JP Morgan said \"Jio's Q2 ARPU, which stood at Rs 144, was +4% q\/q and in line with its expectations of an increase\".
Jio lost mobile users for the first time since it started operations more than five years ago as many could not recharge due to financial difficulties in the aftermath of the second Covid wave.
JM Financial said that while Reliance Industries \u2013 Jio\u2019s parent -- attributed the high churn to subscriber losses during the second Covid wave, \u201ca part of it could have been also due to the impact of JioPhone users moving out after their three-year lock-in.\u201d
Operationally, the quarter was weak, said Jefferies.
Wall Street financial powerhouse JP Morgan said \"Jio's Q2 ARPU, which stood at Rs 144, was +4% q\/q and in line with its expectations of an increase\".
Jio lost mobile users for the first time since it started operations more than five years ago as many could not recharge due to financial difficulties in the aftermath of the second Covid wave.
JM Financial said that while Reliance Industries \u2013 Jio\u2019s parent -- attributed the high churn to subscriber losses during the second Covid wave, \u201ca part of it could have been also due to the impact of JioPhone users moving out after their three-year lock-in.\u201d
Operationally, the quarter was weak, said Jefferies.