The Indian telecom industry has gone a massive change after the entry of Reliance Jio Infocomm Limited in the market. The company’s disruptive launch in 2016 offering free 4G data and unlimited voice calls created keen competition in the market. The price war began in the market. This research paper focuses on the financial performance of the Reliance Jio Infocomm Limited from the financial year 2017-18 to 2021-22 with objectives to analyse the profitability, efficiency, liquidity and solvency position over the study period. The company has shown steady growth in terms of profitability over the study period. A high EBDIT but low profit after tax. This difference shows the concern of high non-operating expenses such as interest depreciation and amortisation expenses. Efficiency results also showed marked improvement, as the Return on Assets (ROA) grew from 0.28% to 4.65%, reflecting the company’s maturing ability to generate earnings from its massive digital infrastructure. While the long-term solvency position remained dynamic due to aggressive deleveraging and capital infusions from international partners like Google and Facebook, the study identifies persistent challenges in short-term liquidity, with the mean current ratio of 0.51 remaining well below industry ideals.
Srivastava et al. (Fri,) studied this question.