Rel Communications' Dec Q net up 48.50%

Written by Agencies | Mumbai, January 31: | Updated: Jan 31 2008, 21:16pm hrs
Anil Ambani-led Reliance Communications posted a 48.50 per cent increase in profit after tax at Rs 1,372.83 crore for the quarter ended December 31, 2007, against Rs 924.45 crore in the year-ago period.

The total income of the group rose 29.80 per cent to Rs 4,874.20 crore for the quarter under review, compared to Rs 3,755.30 crore in the corresponding period last fiscal, the company informed the Bombay Stock Exchange.

The standalone profit after tax of the firm fell nearly two-fold to Rs 436.48 crore for the latest quarter, against Rs 771.04 crore in the same period last year.

However, total income of the RCom increased to Rs 3,410.82 crore for the reviewed quarter from Rs 3,044.49 crore in the same quarter in 2006, up 12 per cent.

Shares of the firm closed at Rs 601.95, down 1.70 per cent on the BSE.