To BSE Limited Phiroze Jeejeebhoy Towers

October 22, 2021

To

BSE Limited

Phiroze Jeejeebhoy Towers

Dalal Street

Mumbai 400 001

Sub: Un-audited Financial Results of the Company for the quarter and half year

ended September 30, 2021

Dear Sir / Madam,

This is with reference to the various commercial papers of the Company listed on the

Stock Exchange.

Pursuant to Para 7.2 of Chapter XVII of Operational Circular no.

SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 issued by SEBI, please find

attached herewith:

a. The un-audited financial results of the Company for the quarter and half year

September 30, 2021, duly approved by the Board of Directors in its meeting held

on October 21, 2021; and

b. the Limited Review Report on the aforesaid un-audited financial results.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Reliance Jio Infocomm Limited

Encl.: As above

RELIANCE JIO INFOCOMM LIMITED

STANDALONE FINANCIAL RESULTS FOR QUARTER I HALF YEAR ENDED 30th SEPTEMBER 2021 (~ in crore, except per share data)

Quarter Ended Half Year Ended Year ended

Particulars (Unaudited) (Unaudited) (Audited)

30th 30th 3Q'h 30th 30th 31'1

Sept'21 Jun'21 Sept'20 Sept'21 Sept'20 Mar'21 INCOME

Value of Services -221048 21,189 20,589 43,237 40.102 82,409

GST Recovered ca.31~) (3, 195) (3, 108) (6,508) (6 ,064) (12 ,521 )

Revenue From Operations 18,_735 17,994 17,481 36,729 34,038 69,888

Other Income 14 14 197 28 473 548

Total Income 18,749 18,008 17,678 36,757 34,511 70,436

EXPENSES

Network Operating Expenses 6,264 5.973 5,426 12,237 10,651 22,058

Access Charges 217 170 1,510 387 2,903 4,631

License Fees/Spectrum Charges 2,194 2,124 1,946 4,318 3,764 7,755

Employee Benefits Expense ~5 338 331 693 649 1,337

Finance Costs 1,084 , 82 1 1,022 1,905 2,190 3,840

Depreciation and Amortisation Expense 3.1 ~8 3,115 2,871 6,303 5,609 11 ,534

Selling and Distribution Expenses 21J4 257 294 521 569 1 '172 Other Expenses ~2 515 470 967 993 2,022

Total Expenses 14,018 13,313 13,870 27,331 27,328 54,349

Profit Before Tax 4,731 4,695 3,808 9,426 7,183 16,087

Tax Expenses

Current Tax - . . - . -Deferred Tax 1 ,2!)3 1,194 964 2,397 1,819 4,072

Net Profit for the period/year a.~~a 3,501 2,844 7,029 5,364 12,015

Other Comprehensive Income (i) Items that will not be reclassified to profit (5) 1 (0) (4) (9) 3 or loss (ii) Income tax relating to items that will not 1 (0) 0 1 2 (1) be reclassified to prof)t or loss Total Other Comprehensive lncome/(Loss) for the period/year (Net (4) 1 (0) (3) (7) 2 ofT ax) I

Total Comprehensive Income for the 3,524 3,502 2,844 7,026 5,357 12,017 period/y_ear Earnings per Equity share of face value of ~10/- each· Not annualised

Bas ic (in~ ) 0.'7:8 0.78 0.63 1.56 1.19 2.67

Diluted (In~ ) ~;21 0.21 017 0.41 0.32 0.71

Paid up Equity Share Capital, Equity e45,000 45,000 45 ,000 45,000 45,000 45,000 Shares of ~ 10/- each

Other Equity 1,44,999 1,41,475 1,31 ,313 1,44,999 1,31,313 1,37,973

Net Worth 1 ,89.~99 1,86,475 1,76,313 1,89,999 1,76,31 3 1,82 ,973

Paid-up Debt Capital 17.'74:7 14,567 9,181 17,747 9,181 11 196

- -- --'~- ~ Corpmatc Communications rcl cphonc ( • 91 79) 3503 1200 Maker Chamhcrs IV 'fth Fluor, 222. Nanman Point CIN LJ72'l00UJ20071'1.C I 058hli Mumhm 400 02 1. India Webs ite

Page I ofo

Particulars

Debt Service Coverage Ratio (Refer Note 5)

Interest Service Coverage Ratio (Refer Note 5)

Debt Equity Ratio (Refer Note 5)

Current Ratio (Refer Note 5)

Long term debt to working capital (Refer Note 5)

Bad debts to Account receivable ratio (Refer Note 5) -Annualised

Current liability ratio (Refer Note 5)

Total debts to total assets (Refer Note 5)

Debtors turnover (Refer Note 5)- Annualised

Inventory turnover•

Operating margin (%) (Refer Note 5)

Net profit margin (%) (Refer Note 5)

#Not measurable due to negattve working capttal *Not Applicable (NA)

30111

Sept'21

5.35

5.36

0.09

0.61

• . 0.007

0.42

0.06

18:95

NA

26.3%

16.0%

Quarter Ended (Unaudited)

30th Jun'21

6.62

672

0.08

0 72 # .

0.013

0.36

0 05

29.41

NA

26.0%

16.5%

Half Year Ended (Unaudited)

30th 30111 30th Sept'20 Sept'21 Sept'20

4.73 5.90 4 28

4.73 5.95 4.28

0.05 0.09 0.05

1.16 0;61 1 16

0 03 . • 0.03

0.010 0.011 0 010

0.43 0.42 0 43

0 04 0.06 0.04

39.45 27.19 43.36

NA NA NA

22 5% 26.1% 22 2%

13.8% 16~3% 13.4%

Registered Office: Corporate Communications l'elephonc (+91 79) 3503 1200 Office I 0 I. Satll·un. Nr. Centre Maker Chambers IV Point. Panchwati .'i Rasta. 9th Floor. 222. Nariman Poin t l'IN 1\mbawadi. i\hmedabad-380 006 Mumhai 400 021. India Website Gujarat. India

U72900GJ2007PLC I 05869 www.jio.com and www.ril.corn

Year ended

(Audited)

31"1

Mar'21

5 19

5.19

0 06

0 74 # -

0.023

0 45

0 04

54.61

NA

23.5%

14 6%

--

Page 2 of6

RELIANCE JIO INFOCOMM LIMITED STANDALONE BALANCE SHEET AS AT 3Q1h SEPTEMBER 2021

Particulars

ASSETS Non- Current Assets Property, Plant and Equipment Capital Work-in-Progress Intangible Assets Intangible Assets Under Development Financial Assets

Investments Other Financial Assets

Other Non-Current Assets Total Non-Current Assets Current Assets Financial Assets

Investments Trade Receivables Cash and Cash Equivalents Other Bank Balances Other Financial Assets

Other Current Assets Total Current Assets Total Assets

EQUITY AND LIABILITIES Equity

Equity Share capital Other Equity Total Equity

Liabilities Non-Current Liabilities Financial Liabilities

Borrowings Lease Liabilities Other Financial Liabilities

Deferred Payment Liabilities Deferred Tax Liabilities (Net) Total Non-Current Liabilities Current Liabilities Financial Liabilities

Borrowings Trade Payables due to

Micro enterprises and small enterprises Other than micro enterprises and small enterpnses

Lease Liabilities Other Financial Liabilities

Deferred Payment Liabilities Other Current Liabilities Provisions Total Current Liabilities Total Liabilities

Total Equity and Liabilities

Regislered Oflict>: Ofti.:e I 0 I. Saffron. Nr Centre

Corporate Communications Maker Chambers IV

Telephone

A~tat -SO"' Sept'21 !Unaudited)_

1,20,000 18,322 86,161 27,867

1,108 16

23,541 2,n,o1s

4,033 4,951

143 401 575

19,462 29.~85

3,08,680 '

45,000 1,44,999 1,89,999

586 4,419 9,473

48,673 4.922

88,073

17,161

6 2,101

910 q,503 7,818 6;918

91 48,608

1,18 681 3,08-;1580

(+91 79) 3503 1200

(~in crore) As at

31"1 Mar'21 _(Audited)

1 '15, 146 16,888 56,008

93

1,108 10

38,401 2,27,654

420 1,410

178 411 614

19,402 22,435

2,50,089

45,000 1,37,973 1,82,973

364 4,833

10,312 18.837 2,526

36,872

10,832

6 2,233

885 7,144

9,072 72

30,244 67 '116

2,50,089

9th Floor, 222 . Nariman Point CIN L72900GJ2007PLC I 05R69 Mumbai 400 021. India

Page 3 ofo

RELIANCE JIO INFOcOMM LIMITED

STANDALONE CASH FLOW STATEMENT FOR HALF YEAR ENDED 301h SEPTEMBER 2021

Particulars

CASH FLOW FROM OPERATING ACTIVITIES:

Profit Before Tax as per Statement of Profit and Loss

Adjusted for :

Depreciation and Amortisation Expense

Effect of Exchange Rate Change

Interest Income

Gain on Investments (Net)

Loss on Sale/D iscard of Property, Plant and Equipment (Net)

Finance Costs

Operating Profit before Working Capital Changes

Adjusted for:

Trade and Other Receivables

Trade and Other Payables

Cash Generated from Operations

Taxes Paid (Net)

Net Cash flow from Operating Activities

CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Property , Plant and Equipment and Intangible Assets

Proceeds from disposal of Property, Plant and Equipment

Purchase of Investments

Proceeds from Sale of Investments

Interest Income

Fixed Deposits/Escrow account with Banks

Net Cash Flow I (used in) Investing Activities

CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from Borrowings- Non-Current

Repayment of Borrowings- Non-Current

Borrowings- Current (Net)

Repayment of lease Liabilities

Finance Cost Paid

Net Cash Flow I (used in) Financing Activities

Net Decrease In Cash and Cash Equivalents

Opening Balance of Cash and Cash Equivalents

Closing Balance of Cash and Cash Equivalents

Registered Office: Oftl<:c I 0 I. SafTron. Nr Centre

Corporate Communications Maker Chambers IV

Telephone

9th Floor 222 . Nariman Point CJN Mumbai 400 021. India

( ~ in cror~ Half Year ended

(Unaudited)

30th Sep'21 30th Sep'20

9,426 7,183

6,303 5,609

30. (108)

(3) (6)

(19) (427)

0 0

1,905 2.190

1U42 14,441

(3,703) 1,864

(171) 1,180

13,768 17,485

(47) (228)

13,721 17,257

(15,602) (3,441)

1 1

(27.478) (59,839)

23,884 54 ,559

5 1

3 2

(19~387) (8,717)

481 151

(15) -6,085 (14,212)

(444) (392)

(476} (977)

~.631 (15,430)

(.35) (6,890)

178 7,066

143 176

(+91 79) 3503 1200

U72900GJ2007J' I.C I 058o9

Page 4 of to

1. The figures for the corresponding previous period have been regrouped I rearranged 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 lnd AS 1 08 - Operating Segments.

4. The Company has repaid Commercial Papers (CPs) on their respective due dates. The CPs of the Company outstanding as on 301h September 2021 are Rs. 16,854 crore.

5. Formulae for computation of ratios are as follows: Sr. Ratios Formulae

a) Debt Service Coverage Ratio Earnings before Interest and Tax

(Interest Expense + Principal Repayments made during the period for long term loans)

b) Interest Service Coverage Earnings before Interest and Tax

Ratio Interest Expense

c) Debt Equity Ratio Total Debt

Total Equity

d) Current Ratio Current Assets

Current Liabilities

e) Long term debt to working Non-Current Borrowings {Including Qurrent Maturities of Non-Current Borrowmgs)

capital Current Assets Less Current Liabilities (Excluding Current Maturities of Non-Current

Borrowings)

f) Bad debts to Account Bad Debts

receivable ratio Average Trade Receivables

g) Current liability ratio Total Current Liabilities

Total Liabilities

h) Total debts to total assets Total Debt

Total Assets

i) Debtors turnover Value of Serv ices

Average Trade Receivables

j) Inventory turnover Cost of Goods Sold

Average Inventories of Finished Goods, Stock-in-Process and Stock-in-Trade

k) Operating margm (%): Earni!Jgs before inte (est and tax - Other Income

Value of Services

I) Net profit margin (%) Profit After Tax

Value of Services

Corporate Communications Telephone (+91 79) 3503 1200 Maker Chambers IV 9th Floor, 222. Nariman Point CIN U72900GJ2007PLC I 05 86'1 Mumbai 400 021 , India Webs ite

Page 5 of 6

6. 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.

7. 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 21st October 2021. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results.

Place: Mumbai Date: 21st October 2021

Registered Office: Corporate Communications Telephone Office 101, SaJTron, Nr. Centre Maker Chambers IV Point. Panchwati 5 Rasta. 9th Floor, 222, Nariman Point CIN Ambawadi. Ahmedabad-380 006 Mumbai 400 021. India Website Gujarat. India

For Reliance Jio lnfocomm Limited

Sanjay Mashruwala Managing Director DIN: 01259774

(+91 79) 3503 1200

U72900GJ20071'L.C I 051!69 www.jiu.com and www .ril.com

Page 6 oJ'6

D T S & Associates LLP Chartered Accountants II 05, Rahcja Centre Free Press Journal Marg, Nariman Point Mumbai-21

Deloitte Haskins & Sells LLP Chartered Accountants One International Center Tower 3, 27'h - 32"d rioor 212, Senapati Bapat Marg Elphinstonc (West) Mumbai -· 400013

INDEPENDENT AUDITORS' REVIEW REPORT

The Board of Directors Reliance Jio lnfocomm Limited

Introduction

1. We have reviewed the accompanying statement of"Unaudited Standalone Financial Results for quarter and half year ended 30'h September, 2021" ("the Statement") of Reliance Jio lnfocomm Limited ("the Company").

2. This Statement is the responsibility of the Company's Management and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ''Interim Financial Reporting" ("lnd AS 34") and other accounting principles generally accepted in India. The Statement has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statement based on our review.

Scope of review

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants 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.

Conclusion

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the Statement, prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent app licable to the Company, including the manner in which it is to be disclosed, or that it contains any material misstatement.

ForD T S & Associates LLP Chartered Accountants (Registration No. 142412W/W1 00595)

Parimal Kumar Jha Partner Membership No.124262 UDfN: 21124262AAAAAI7187

Place: Mumbai Date : 21 " October 2021

For Ocloittc Haskins & Sells LLP Chartered Accountants (Registration No. 117366W/W I 000 18)

~~~J}~ Varsha A, Fadtc Partner Membership No. I 03999 UDIN : 21 I 03999AAAAIV3180

Place: Panaji, Goa Date: 21 " October 2021