Reliance Jio annual report: Jefferies finds 8 key takeaways

Reliance Jio focuses on 5G expansion, broadband penetration, and enterprise growth. Jio turned free cash flow positive. Revenues from external clients increased significantly. Jefferies notes that tariff interventions are needed to sustain margins. High capitalized costs impact near-term profitability. Jio benefits from 5G adoption and fiber connectivity. The company aims to scale its enterprise business with IoT and AI solutions.

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