​​​
  1. Reliance Communications Q2 net profit up 1.9% at Rs 156 crore

Reliance Communications Q2 net profit up 1.9% at Rs 156 crore

Telecom firm Reliance Communications today reported a 1.9 per cent rise in consolidated net profit at Rs 156 crore for the second quarter ended September 30.

By: | Mumbai | Published: November 6, 2015 8:02 PM
reliance industries

Reliance Communications had posted net profit of Rs 153 crore in the same period a year ago, Reliance Communications said in statement. (Reuters)

Telecom firm Reliance Communications today reported a 1.9 per cent rise in consolidated net profit at Rs 156 crore for the second quarter ended September 30.

Reliance Communications had posted net profit of Rs 153 crore in the same period a year ago, Reliance Communications said in statement.

“This was a seasonally weak quarter for the sector. Things improve and get back to pace after the festive season. Despite this, we saw non-voice contribution improving significantly to 27.1 per cent compared with 24.3 per cent on year-on-year basis,” Reliance Communications Consumer Business CEO Gurdeep Singh told PTI.

The consolidated revenue of Reliance Communications during the period stood at at Rs 5,355 crore, down 0.9 per cent from Rs 5,403 crore in corresponding period of 2014-15.

“Our revenue per minute improved this quarter as well. We have seen stabilisation in revenue from CDMA business. Of the total revenue, 74 per cent business came from GSM and rest from CDMA,” Singh said.

Reliance Communications’ observed strong performance of CDMA business in southern states, Delhi, Mumbai, Gujarat, Maharashtra and Madhya Pradesh circle, Singh said.

“India operations revenue grew by 0.4 per cent YoY to Rs 4,701 crore. This growth is partly affected on account of full quarterly impact of change in IUC rate and roaming charges,” Singh said.

The minutes of usage on company network increased marginally to 102.5 billion on year-on-year basis and average revenue per user stood at Rs 138.

Reliance Communications said that its total data customer base has grown 25.3 per cent YoY to 37.2 million including 19.1 million 3G customers in the reported quarter.

“We are serving 37.2 million data subscribers, out of which 19.1 million are 3G subscribers, which is more than 50 per cent of mobile Internet users on the Reliance Communications network are 3G users, enjoying high-speed data services,” Singh said.

Reliance Communications Q2 profit misses estimate

(Reuters) Reliance Communications Ltd , India’s fourth-biggest mobile phone carrier by subscribers, saw quarterly profit miss estimates as it lagged bigger rivals in the number of customers using its data services, and made lesser money from individual users.

The company, controlled by billionaire Anil Ambani, said its total net profit in the second quarter rose to 1.56 billion rupees, from the 1.53 billion rupees it earned last year.

Analysts, on average, were expecting a profit of 1.84 billion rupees, as per Thomson Reuters data.

For the quarter ended Sept. 30, RCom said it had 37.2 million customers who used its connection to surf the Internet, compared to 51 million at Bharti Airtel, India’s top telecom carrier.

Telecoms companies in India are leaning heavily towards data subscriptions to spur growth, as call rates get cheaper, making it tougher to keep margins up.

For the September quarter, average revenue per customer, a key measure for telecoms companies, came in at 138 rupees for RCom, while Bharti Airtel’s average revenue per user stood at 193 rupees.

Total revenue at RCom, which agreed to buy Russian conglomerate Sistema’s Indian mobile phone business earlier this week, came in at 53.24 billion rupees. Last year, the company’s revenue was 52.87 billion rupees.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top