Jio Star India’s provisions for onerous sports contracts rise to ₹25,760 crore in FY25
Jio Star India, jointly owned by Reliance Industries Limited (RIL) and Walt Disney, has reported more than double the provisions for expected losses on onerous contracts related to sports events for 2024-25, surging to Rs 25,760 crore from Rs 12,319 crore in the previous financial year.
The sharp increase, disclosed in the company’s audited standalone financials for 2024-25, reflects mounting pressure from long-term content and sports rights deals that are projected to generate lower revenues than their associated execution costs.
