• • GUI TAL

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April 18, 2019

National Stock Exchange of India Limited BSE Limited

Exchange Plaza, C/1, G Block Phiroxe Jeejeebhoy Towers
Bandra — Kurla Complex Dalai Street
Bandra (East) Mumbai 400 001
IUumbai 400 051

Issue Description / Description of Security: Scrip code:

NSE BSE
PPD1 Infotel Broadband Ser. 8.95% 2020 (PPD-1) PPD1 946839
PPD2 Infotel Broadband Ser. 8.95% 2020 (PPD-2) PPD2 946866
PPD3 Reliance Jio Info 9.25% 2024 (PPD-3) PPD3 950380
PPD4 Reliance Jio Info 8.95% 2019 (PPD-4) PPD4 951268
PPD5 Reliance Jio Info 8.90% 2020 (PPD-5) PPD5 (Option 1) 951555
Reliance Jio Info 9.00% 2025 (PPD-5) PPD5 (Option 2) 951556
PPD8 Reliance Jio Info 8.25% 2025 (PPD-8) PPD8 952917
PPD9 Reliance Jio Info 8.10% 2019 (PPD-9) PPD9 953866
PPD10 Reliance Jio Info 8.10% 2019 (PPD-10) PPD10 954038
PPD11 Reliance Jio Info 8.32% 2021 (Series - PPD-11) PPD11 954293
PPD12 Reliance Jio 8% 2023 PPD12 PPD12 957846
PPD13 Reliance Jio Info 8% 2023 (PPD13) PPD13 957862
PPD14 Reliance Jio Info 7.97% 2022 Sr- PPD14 PPD14 957904
PPD15 Reliance Jio Info 8.70% 2021 Sr-PPD15 PPD15 957992
PPD16 Reliance Jio Info 8.70% 2021 (PPD16) PPD16 958110

Dear Sir,

Sub: Audited Financial Results for the half-year & financial year ended March 81, 2019

This has 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 Audited Financial Results of the Company for the half year and
financial year ended March 31, 2019 duly approved by the Board of Directors in its meeting held on April 18,
2019, Audit Report on the Audited Financial Results and a declaration in respect of Audit Report with
unmodified opinion for the financial year ended March 31, 2019.

We request you to kindly bring the above information to the notice of your members.

Thanking you

Yours faithfully,
For Reliance Jio Infocomm Limited

Jyott a
Com cretary

Encl A above

Reliance Jio lnfocomm Limited: CIN U72900GJ2007PLC1o5869

Registered Office. Office - 101, Saffron Nr. Centre Point. Panchwati S Rasta. Ambawadi, Ahmedabad-380006. Gujarat, India.
Tel no: 079-356D0100, www.jio.com
 RELIANCE JIO INFOCOMM LIMITED

AUDITED STANDALONE FINANCIAL RESULTS FOR SIX MONTHS/YEAR EHDED 31ST MARCH 2019
(Z in crore, exceptper share data
Six months Six months Year ended Previous
ended ended year ended
Particulars 31.03.2019
31.03.2019 31.03.2018 31.03.2018
Audited Audited Audited Audited
INCOME
Value of Services 25,314 16,517 45,782 23,714
Service Tax/GST Recovered T3,825) (2,510) (6,944) (3,560)
Revenue From Operations 21,489 14,007 38,838 20,164
Other Income 4 2 6 4
Total Income 21,493 14,009 38,844 20,158
EXPENSES
Network Operating Expenses .6.591 3,549 11,338 4,921
Access Charges (Net) 2,104 2,148 4,207 4,287
License Fees/Spectrum Charges 2,316 1,368 4,159 1,767
Employee Benefits Expense 884 659 1,658 963
Finance Costs .2,385 1,375 4,148 2,049
Depreciation and Amortisation Expense 3,428 2,392 6,398 3,577
Selling and Distribution Expenses 625 515 1,150 T97
Other Expenses 591 448 1,230 688
Total Expenses ’f8,924 12,454 34,288 19,049
Profit Before Tax 2,569 1,555 4,556 1,109
Tax Expenses
Current Tax 5ifi4 234 082 234
Deferred Tax 306 610 152
Net Profit for the period/year 1,671 1,015 2,964 723
Other Comprehensive Income
(i) Items that will not be reclassified to profit or loss (2) 8 6 8
(ii) Income tax relating to items that will not be
reclassified to profit or loss 1 (3) (2) (3)
Total Other Comprehensive Income for the
period/year (Net of Tax) {4) 5 4 5
Total Comprehensive Income for the period/year 1,670 1,020 2,068 728
Earnings per Equity share of face value of T 10/- each
- Not annualized
Basic (in T) .0,37 0.Z3 0.66 0.16
Diluted (in T) .0.15 0.09 0.27 0.07
Paid up Equity Share Capital, Equity Shares of T 10/-
each. 45,000 45,000 45,000 45,00D
Other Equity (4800) 57,933 (4,600} 57,933
Net Worth 40,400 1,02,9*3 40,400 1,02,933
Paid-up Debt Capital 76,212 5B,392 76,212 58,392
Debenture Redemption Reserve (Refer Note 7)
Debt Equity Ratio (Refer Note B) 1.89 0.57 1.89 0.57
Debt Service Coverage Ratio (Refer Note B) 0.93 0.68 0.56 0.59
Interest Service Coverage Ratio (Refer Note 8) 2.08 2.13 2.10 1.54

Registered Office:
Ot”ficc t0 1, Saffron, Nr, Cenlrc
I’‹›int, Panchwati 5 Itusta,
Amknwadi, ATJmcdabad-38U (JO6
IN\jarot, ln‹1ia
CorJioratc Cornrnunicat ons Telephone (+91 79) 35fi0 0l0tl
Maker Chambers lV
9th Floor, 222, Natiman l•oint CIN U72900€i J2007PI.C 105869
M uinbai 400 021, India Website usviv ;in c‹iin and wit iv.ri1.cont
 AUDITED STANDALONE BALANCE SHEET AS AT 31• MARCH 2019
(T in crore)
A9 at As at
Particulars 31°! March’19 31 t March’18
ASSETS
Non- Current Assets
Property, Plant and Equipment 74,633 95,769
Capital Work-in-Progress 30,865 61,025
Intangible Assets 59,367 59,760
Intangible Assets Under Development 3,643 8,962
Financial Assets
Investments 1,108 1,016
Other Financial Assets 2 3
Deferred Tax Assets (net) 3,427 4,037
Other Non-Current Assets 9,111 3,610
Total I\Ion-Current Assets 1,82,256 2,34,182
Current Assets
Financial Assets
Investments 155
Trade Receivables 735 912
Cash & Cash Equivalents 17 691
Other Bank Balances 412 27
Other Financial Assets 672 340
Other Current Assets 11,533 17,579
Total Current Assets 13,524 19,549
Total Assets 1,95,780 2,53,731
E uiTY AND LIABILITIES
Equity
Equity Share capital 45,000 45,000
Other Equity t4,800) 57,e3a
Total Equity 40,400 1,02,933
Liabilities
Non - Current Liabilities
Financial Liabilities
Borrowings 6s,g1s 35,192
Other Financial Liabilities 9,098 8,536
Deferred Payment Liabilities 18,839 20,209
Provisions 364
Total Non-Current Liabilities 64,301
Current Liabilities
Financial Liabilities
Borrowings 3,601 13,263
Trade Payables
Total outstanding dues of micro enterprises and small enterprises
Total outstanding dues of creditors other than micro enterprises and small enterprises 3,245 3.108
Other Financial Liabilities 48,523 65,T51
Deferred Payment Liabilities 1,370 870
Other Current Liabilities 4,075 3,406
Provisions 105 90
Total Current Liabilities 60,930 86,497
Total Liabilities 1,55,380 1,50,798
Total Equity and Liabilities 1.65,780 2,53,731

Registered Office: Corporate Coiiimunications Telephone (+91 79) 3560 0100

Officc I () I, Salmon, No. Centre Maker C,hambers IV
Point, l'anch›vati 5 Rasto, 9th l'loor, 222, Narinian Pcint CIN : U72900GJ2007Pt.C105869
Ambawaili, Ahmedabad-380 00fi Mumbai 400 021, lndia Wchsile ›s ivw, iio.coin and wit iv ril corn
1. The figures for the corresponding previous period have been regrouped wherever
necessary, to make them comparable.

2. The Company continues to inve.st 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 a single
segment as per the requirements of Ind AS 108 - Operating Segments.

4. During the half year, the Company has terminated the Master Agreement entered into with
Reliance Communications Limited and its affiliates (“RCOM Ent'ities") for acquisition of
certain telecom assets of RCOM Entities. Such termination shall not affect the acquisition
of the MCN assRts completed prior to such termination. The Company has also terminated
the Spectrum Trading Agreement entered into with RCOM Entities.

The transactions pursuant to the Composite Scheme of Arrangement (“the Scheme"), with
appointed date as close of business hours on 31°’ March 2019, amongst the Company, Jio
Digital Fibre Private Limited ("JDFPL"), Reliance Jio Infratel Private Limited ("RJIPL°) and
their respective Shareholders and Creditors sanctioned by the Ahmedabad bench of the
Hon’ble National Company Law Tribunal vide its Order dated 20th March 2019 have been
given effect to in these standalone financial resuhs for the year ended 31°t March 2019 as
follows:

a. Cancellation of Preference Shares - Reduction of preference share capital of T

13000 crore aod securities premium of T 52,000 crore pursuant to cancellation of
1300,00,00,000 preference shares of T 10 each, with an equal amount being
credited to borrowings.
b. Demerger of Optic Fibre Cable Undertaking - All assets and liabilities of the Optic
Fibre Cable Undertaking have biBen derecognised at their respective carrying values
with the net differential amount of Z 501 crore on such de-recognition being debited
to the retained earnings.
Transfer of Tower Infrastructure Undertaking - All assets and liabilities pertaining to
the Tower Infrastructure Undertaking have been derecognised at their respective
carrying values. The consideration of F 250 crore has been discharged by RJIPL by
issuance of equity shares of z 200 crore and preference shares of z 50 crore of
RJIPL to the Company.

R¥gist4re4 Office: Telephone t+91 79) 3560 tlltl0

Office l0t. S0fbon, Nr. Contra
Pc›ing Panchwati 'i Rosta, CU : U72P00LiJ2t›07PLCID5869
Website v\v\ .ii‹i,conj and w \w.riI.c‹›in
6. Details of Non-Convertible Debentures are as follows:

Previoua Due Date Next Due Date

Sr. (1°’ Oct 2018 to (1”’ Apr 2019 to
NO. 31^’ Mar 2019) 30“ Sep 2019)
Principal Interest Principal Interest
1 PPD1 - 16” Sep 2019
2 PPD2 - 4!’ Oct 2018
3 PPD3 - 17’h June 2019
4 PPD4 - 19* Nov 2018
5 PPD5 Option 1) 218’ Jan 2019
6 PPD5 Option 2) 21°t Jan 2019
30 h Oct 2018 & 30” Apr 2019 &
7 PPD8
30 Jan 2D19 30 July 2019
8 PPD9 - 29’h Apr 2019 29 h Apr 2019
9 PPD10 - 31“ May 2019 31•’ May 2019
10 PPD11 8” July 2019
11 PPD12 - - 09” Apr 2019
12 PPD13 - - - 16” Apr 2019
13 PPD14 - - - 24'h Apr 2010
14 PPD15 - - 17' June 2019
15 PPD16 - - - 18" July 2019
All the interest due were paid on due dates.

7. The Company has not created Debenture Redemption Reserve for a cumulative amount
of W 2,955 crore (Previous year 7 2,789 crore) keeping in view the provisions of section
71(4) of the Company’s Act 2013.

8. 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 calculation of Debt-Equity Ratio. Debt capital comprises debentures, term
loans and othef 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

Registered Onice: Telepliotic

OfTice IUA. fiolTmn, No. Centre
PoinL PanclJWafi 5 ltasta, 9th l'lanr, 222, Narimon l’eint CII tl720tlflLiJ20fi7Pt. Ifl5869
Ambawadi. Ahn\c‹labad-380 00fi Ml mh«i 40fl 02 I. India Website \v\ve'.iio.cun and vu’w.riI.cum
Gujaml. India
l•tige 4 ol’5
 9. 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 AAA/ Stable“ by
CRISIL and ’ICRA AAA/ Stable" by ICRA Limited for series PPD 3 to series PPD 5 and for
series PPD 8 to series PPD 11. “CARE AAA/Stable" by CARE, “CRISIL AAA/ Stable” by
CRISIL and “ICRA AAA/ Stable" by ICRA Limited for series PPD 12 to series PPD 16.

10. The Non-Convertible Debentures of the Company aggregating 7 17,500 crore as at 31^t
March,2019 are secured by way of pari passu charge on the Company’s certain movable
properties and the asset cover thereof exceeds hundred perce.nt of the principal amount of
the said debentures.

11. The figures of the last six months are the balancing figures between audited figures in
respect of the full financial year and the published year to date figures upto the first six
months of the respective financial years.

12. The balance sheet as at 31°t March 2019 is not comparable with the corresponding figures
for the previous year consequent to the demerger/ transfer referred to in Note 5 above.

13, 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 18’h April
2019.

For Reliance Jio lnfocomm Limited

)ay Mashruwa a
Place: Mumbai Managing Director
Date: 18* ApriI,2019 DIN: 01259774

Registered Office: Corporate Communications *l'clcphone : (+9I 79) 355u 0I(IU"

Otficc t01, Saffron Nr. C’enlrc
Point. Panchsvañ 5 Rasla,
Ambnwadi, Ahmedabad-380 0ti6
Gujarat, India
Maker Chambers IV
9lh Fioor, 222. Narininn Point CU : U729tltlGl20tl7Pl.C105869
Mumbai 4tXt 021. tndia Website : enx ‹v.ii‹›.cr›m and u’w il.sum
Pnge 5 Inf 5
Chaturvedi & Shah LLP Deloitte Haskins & Sells LLP
Chartered Accountants Chartered Accountants
714-715, Tulsiani Chambers Tower 3, 27" — 32"‘ Floor
Nariman Point Indiabulls Finance Centre
Mumbai 400 021 Senapati Bapat Marg
Elpliinstone (West)
Mumbai — 400013

INDEPENDENT AUDITOR’S REPORT

The Board of Directors of
Reliance Jio Infocomm Limited

1. We have audited the accompanying Statement of ‘Audited Standalone Financial Results of Reliance
Jio Infocomm Limited (“the Company”) for the year ended 31“ March, 2019 (“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/DF 1/69/2016 dated 10"1 August, 2016.

2. This Statement, which is the responsibility of the Company’s Management and approved by the Board
of Directors, has been prepared on the basis of the related Standalone Audited Financial Statements
which have been prepared in accordance with the Indlan Accounting Standards prescribed under
Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder (“Ind AS”) and
other accounting principles generally accepted in India. Our responsibility is to express an opinion on
the Statement, based on our audit of such standalone financial statements.

3. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of
Chartered Accountants of India. Those Standards require that we plan and perform the audit to obtain
reasonable assurance about whether the Statement is free from material misstatement.

An audit includes examining, on a test basis, evidence supporting amounts disclosed in the Statement.
An audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of the accounting estimates made by the Management, as well as evaluating the overall
presentation of the Statement.

We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for
our audit opinion.

4. In our opinion and to the best of our information and according to the explanations given to us, the
Statement:

(i) is presented in accordance with the requirements of the Regulation 52 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No.
CIR/lMD/DF 1/69/201 6 dated 10' August, 2016; and

(ii) gives a true and fair view in conformity with the aforesaid Ind AS and other accounting principles
generally accepted in India of the net profit including other comprehensive income and other
financial information for the year ended 31" March, 2019.
Chaturvedi & Shah LLP Deloitte Haskins & Sells LLP
Chartered Accountants Chartered Accountants
714-715, Tulsiani Chambers Tower 3, 27t' — 32“‘ Floor
Nariman Point Indiabulls Finance Centre
Mumbai 400 021 Senapati Bapat Marg
Elphinstone (West)
Mumbai — 400013

5. The Statement includes the results for the six months ended 31" March, 2019 and 31st March, 2018
being the balancing figures between audited figures in respect of the full financial years and the
published year to date figures up to the first six months of the respective financial years, which were
subjected to limited review by us.

For Chaturvedi & Shah LLP For Deloitte Haskins & Sells LLP
Chartered Accountants Chartered Accountants
(RegistrationNo.101720W/W100355) (Registration No.117366W/W1000l8)

R. Koria Abhijit A. Damle

Partner Partner
Membership No. 035629 Membership No. 102912

Mumbai, dated 18" April, 2019

'›'
 DlGl
LIFE • •

April 18, 2019

National Stock Exchange of India Limited BSE Limited

Exchange Plaza, C/1, G Block Phiroze Jeejeebhoy Towers
Bandra — Kurla Complex Dalal Street
Bandra (East) Mumbai 400 001
Mumbai 400 051

Sub: Declaration pursuant to Regulation 52(3) of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 52(3) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we hereby state that the Audit Report in respect of the Audited
Financial Results for the year ended March 31, 2019 is with unmodified opinion.

Rajneesh Jain
Chief Financial Officer

Registered Office: Office - 101, Saffron, NI. Centre Point, Panchwati S Rasta, Ambawadi, Ahmedabad-380006, Gujarat, India.
Tel no: 079-35600100, www.jio.com