This is with reference to the various privately placed debentures of the Company listed on the Wholesale Debt Market Segment of the Exchanges.

Size: px

Start display at page:

Download "This is with reference to the various privately placed debentures of the Company listed on the Wholesale Debt Market Segment of the Exchanges."

Ruby Atkins
5 years ago
Views:

1 e DlGITAL II I LIFE. October 17, 2018 National Stock Exchange of India Limited Exchange Plaza, C/1, G Block Bandra Kurla Complex Bandra (East) Mumbai BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai Issue Description I Description of Security: PPD1 PPD2 PPD3 PPD4 PPD5 PPD8 PPD9 PPD10 PPD11 PPD12 PPD13 PPD14 PPD15 PPD16 Dear Sir, lnfotel Broadband Ser. 8.95% 2020 (PPD1) lnfotel Broadband Ser. 8.95% 2020 (PPD2) Reliance Jio Info 9.25% 2024 (PPD3) Reliance Jio Info 8.95% 2019 (PPD4) Reliance Jio Info 8.90% 2020 (PPD5) Reliance Jio Info 9.00% 2025 (PPD5) Reliance Jio Info 8.25% 2025 (PPD8) Reliance Jio Info 8.10%2019 (PPD9) Reliance Jio Info 8.10%2019 (PPD10) Reliance Jio Info 8.32%2021 (Series PPD11) Reliance Jio 8% 2023 PPD12 Reliance Jio Info 8% 2023 (PPD13) Reliance Jio Info 7.97% 2022 Sr PPD14 Reliance Jio Info 8.70% 2021 SrPPD15 Reliance Jio Info 8.70% 2021 (PPD16) Scrip code: PPD1 PPD2 PPD3 PPD4 PPD5 (Option 1) PPD5 (Option 2) PPD8 PPD9 PPD10 PPD11 PPD12 PPD13 PPD14 PPD15 PPD Sub: Unaudited Financial Results of the Company for the half year ended September 30, 2018 This is with reference to the various privately placed debentures of the Company listed on the Wholesale Debt Market Segment of the Exchanges. Pursuant to the Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Unaudited Financial Results of the Company for the half year ended September 30, 2018 together with Limited Review Report thereon, duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at its meeting held today. Kindly acknowledge receipt. Thanking you. Yours faithfully, For Reliance Jio lnfocomm Limited Reliance Jio lnfocomm Limited: U72900MH2007PLC " Floor,, 222, Nariman Point, Mumbai , Maharashtra, India. Tel no: ,

2 Chaturvedi & Shah , Tulsiani Chambers Nariman Point Mumbai Deloitte Haskins & Sells LLP Tower 3, 27th 32"d Floor Indiabulls Finance Centre Senapati Bapat Marg Elphinstone (West) Mumbai INDEPENDENT AUDITOR'S REPORT The Board of Directors of Reliance Jio Infocomm Limited 1. We have reviewed the accompanying 'Statement of Standalone Unaudited Financial Results of Reliance Jio Infocomm Limited ("the Company") for the half year ended 30th September, 2018 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/IMD/DFl/69/2016 dated August 10, This Statement is the responsibility of the Company's Management and is approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standards on Review Engagements (SRE) 241 0, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards (lnd AS) and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/IMD/DFI/69/2016 dated August 10, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Chaturvedi & Shah (Registration No.I W) ~L R. Koria Partner Membership No For Deloitte Haskins & Sells LLP (Registration No W/W ) ~ Abhijit A. Damle Partner Membership No Mumbai, dated 17 October, 2018

RELIANCE JIO INFOCOMM LIMITED UNAUDITED STANDALONE FINANCIAL RESULTS FOR HALF YEAR ENDED 30TH SEPTEMBER 2018 ('{ in crore, except per share data) Year to date Six months Six months Previous figures

3 RELIANCE JIO INFOCOMM LIMITED UNAUDITED STANDALONE FINANCIAL RESULTS FOR HALF YEAR ENDED 30TH SEPTEMBER 2018 ('{ in crore, except per share data) Year to date Six months Six months Previous figures for ended ended year ended Particulars period ended Unaudited Unaudited Unaudited Audited INCOME Value of Services Service Tax/GST Recovered Revenue From Operations Other Income Total Income EXPENSES Network Operatin~ Expenses Access Char~es (Net) License Fees/Spectrum Charges EmEio ~ee Benefits ExEense Finance Costs Depreciation and Amortisation Expense Selling and Distribution Expenses Other Expenses Total Expenses ProfiU(Loss) Before Tax Tax Expenses Current Tax Deferred Tax Net ProfiU(Loss) for the period/year Other Comprehensive Income (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss Total Other Comprehensive Income for the period/year (Net of Tax) Total Comprehensive lncome/(loss) for the period/year Earnings per Equity share of face value of'{ 10/ each Not annualised Basic (in~) Diluted (in '{) Paid up Equity Share Capital, Equity Shares of'{ 10/ each. Other Equity Net Worth Paidup Debt Capital Debenture Redemption Reserve (Refer Note 6) Debt Equity Ratio (Refer Note 7) Debt Service Coverage Ratio (Refer Note 7) Interest Service Coverage Ratio (Refer Note 7) 20,468 (3 119) 17, ,351 4, ,364 1, ,293 8 {3) 5 1, ,000 59,231 1,04,231 84, , (1,050) (3 119) 6, , ,372 4,747 2, ,763 1,185 2, , (446) (154) 266 (292) 1,293 8 (3) 5 (292) 1,298 {0.06} 0.29 (0.06) ,000 45,000 46,138 59,231 91,138 1,04,231 49,129 84, ,714 (3,560) 20, ,158 4, , , (3) ,000 57,933 1,02,933 58, " Floor, 222, Nariman Point Mumbai , Indi a Mumbai , India U72900MH2007PLC io.con1 and Page I of5

Particulars RELIANCE JIO IN FOCOMM LIMITED UNAUDITED STANDALONE BALANCE SHEET AS AT 30th SEPTEMBER 2018 ASSETS Non Current Assets Property, Plant and Equipment Capital WorkinProgress Intangible

4 Particulars RELIANCE JIO IN FOCOMM LIMITED UNAUDITED STANDALONE BALANCE SHEET AS AT 30th SEPTEMBER 2018 ASSETS Non Current Assets Property, Plant and Equipment Capital WorkinProgress Intangible Assets Intangible Assets Under Development Financial Assets Investments Other Financial Assets Deferred Tax Assets (net) Other NonCurrent Assets Total NonCurrent Assets Current Assets Financial Assets Investment Trade Receivables Cash & Cash Equivalents Other Bank balances Other Financial Assets Other Current Assets Total Current Assets Total Assets EQUITY & LIABILITIES Equity Equity Share capital Other Equity Total Equity Liabilities Non Current Liabilities Financial Liabilities Borrowings Other Financial Liabilities Deferred Payment Liabilities Provisions Total NonCurrent Liabilities Current Liabilities Financial Liabilities Borrowings Trade Payables Other Financial Liabilities Deferred Payment Liabilities Other Current Liabilities Provisions Total Current Liabilities Total Liabilities Total Equity and Liabilities As at 30th Sep'18 (t in cror e) As at 31st Mar'18 (Audited) 1 '11,630 95,769 75,119 61,025 58,857 59,760 9,504 8,962 1,104 1, ,771 4,037 3,852 3,610 2,63,839 2,34, , , ,069 17,579 25,307 19,549 2,89,146 2,53,731 45,000 45,000 59,231 57,933 1,04,231 1,02,933 55,659 35,192 13,963 8,536 19,745 20, ,794 64,301 20,821 13,263 3,692 3,117 66,237 65, ,379 3, ,121 86,497 1,84,915 1,50,798 2,89,146 2,53, Floor, 222, Nariman Point U72900MH2007PLC ww11.jio.com and Page 2 of5

5 NOTES: 1. The figures for the corresponding previous period have been regrouped wherever necessary, to make them comparable. 2. The Company continues to invest in augmentation of the wireless network capacity and setting up wireline telecommunication project. 3. The Company is mainly engaged in the business of providing Digital Services. All activities of the Company revolve around this main business. Accordingly the Company has single segment as per the requirements of lnd AS 108 Operating Segment. 4. Details of NonConvertible Debentures are as follows: Sr. Particulars Previous Due Date (1st Apr 2018 to Next Due Date (1st Oct 2018 to No. 30th Sept 2018) 31st Mar 2019) Principal Interest Principal Interest 1 PPD1 17th Sep PPD2 4th Oct PPD3 18th June PPD4 19th Nov PPD5 {Option 1) 21st Jan PPD5 {Option 2) 21st Jan PPD6 31st July st July PPD7 (Option 1) 3rd Aug rd Aug PPD7 {Option 2) 3rd Aug rd Aug PPDB 2nd May 2018 & 30th Oct 2018 & 30th Julv th Jan PPD9 2nd May PPD10 31st May PPD11 9th July PPD12 14 PPD13 15 PPD14 16 PPD15 17 PPD16 All the Principal and interest due were paid on due dates. 5. Credit rating and change in credit rating {if any): The Company has retained its credit ratings of "CRISIL AAA (SO)/ Stable" by CRISIL and "CARE AAA (SO)" by CARE for series PPD 1 and series PPD 2. "CRISIL AAAI Stable" by CRISIL and "ICRA AAAI Stable" by ICRA Limited for series PPD 3 to series PPD 11 and "CARE AAA/Stable" by CARE, "CRISIL AAAI Stable" by CRISIL and "ICRA AAAI Stable" Li/~by ICRA Limited for series PPD 12 to series PPD 16. lu 9 1 h Floor, 222, Nariman Point (+91 22) U72900MH2007PLC and Page 3 or5

6 6. Debenture Redemption Reserve wil~ be created at the end of the Financial Year, subject to availability of profits as per section 71(4) of the Companies Act, Formulae for computation of ratios are as follows : a) Debt Equity Ratio= Debt/Equity As per Accounting Standard, Other Equity is in nature of Equity and thus, it is included for the purpose of ca~ulation of DebtEquity Ratio. Debt capital comprises debentures, term loans and other short term borrowings. b) Debt Service Coverage Ratio= Earnings before interest and tax Interest Expense+ Principal Repayments made during the period for long term loans c) Interest Service Coverage Ratio= Earnings before interest and tax Interest Expense 8. The NonConvertible Debentures of the Company aggregating~ 17,500 crore as at 30th September, 2018 are secured by way of pari passu charge on the Company's certain movable properties and the asset cover thereof exceeds hundred percent of the principal amount of the said debentures. 9. During the previous financial year, the Company signed definitive agreement for the acquisition of specified assets of Reliance Communications Limited ("RCOM") and its affiliates under four categories Towers, Optic Fiber Cable Network, Spectrum and Media Convergence Nodes. The acquisition is subject to receipt of requisite approvals from Governmental and regulatory authorities, consents from all lenders, release of all encumbrances on the said assets and other conditions precedent. The consideration is payable at compietion and is subject to adjustments as specined in the agreement. During the quarter, post receipt of requisite approvals and consents, the process for transfer of the Media Convergence Nodes properties has been initiated. 9'h Floor, 222, Nariman Point U72900MH2007PLC and Page 4 of5

7 10. 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 17th October, The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results. By Order of the Board u~~ Mathew Oommen Director DIN: Place: Mumbai Date: 17th October, 2018 gth Floor, 222, Nariman Point U72900MH2007PLC and Page 5 of5

This has with reference to the various privately placed debentures of the Company listed on the Wholesale Debt Market Segment of the Exchanges.

This has with reference to the various privately placed debentures of the Company listed on the Wholesale Debt Market Segment of the Exchanges. .... e................... II e e e II e II II e......... II II II II II II DIGITAL LIFE.............................................................. April 27, 2018 National Stock Exchange of India Limited