Jio annual operating income may double in 2 years: CLSA

Kolkata: Reliance Jio Infocomm’s annual operating income is estimated to double in two years to a whopping Rs 52,400 crore by when its mobile user base is slated to swell to 500 million, propelled by a mix of tariff hikes and accelerated market share gains in a sector rapidly evolving into a private duopoly, analysts said.

Brokerage CLSA estimates “Jio’s Ebitda to double by FY22 to Rs 52,400 crore ($7.4 billion) and pegs the enterprise value of its mobile business at $66 billion”.