Reliance Communications sees decline in net profit

By November 16th, 2014 AT 4:17 PM

The net profit of India’s fourth-biggest mobile service provider, Reliance Communications (RCom) has fallen by 77%, to Rs 153 crore for the quarter ending September. The company’s revenue fell 7.4% from last year to Rs 5,403 crore.

The company has added fewer new customers.

RCom, controlled by Anil Ambani, said consolidated net profit for the quarter ended Sept. 30 was Rs 153 crore compared to Rs 675 crore a year ago. Sales came in at Rs 5,090 crore, compared with Rs 5,266 crore a year earlier, a decline of 3.3%.

Reliance Communications

Interestingly, the company’s revenue fell 2.2%, which was “in line with industry trends due to seasonal factors,” the company said. “Its operating margin at 33.8% expanded from 33.7% in the previous quarter on the back of non-voice revenue, driven largely by data.The focus on dongles and postpaid customers is beginning to pay off,” said Gurdeep Singh, chief executive of its wireless business.

The company’s net debt has reduced by Rs 3,900 crore. It was earlier expected to fall by about Rs 4,500 crore.

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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UmeshTonpe VijayrajSudhakarSam Recent comment authors
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Umesh
Umesh

Rocm in worst condition because RCom do not have proper call center and sales persons in market. Service is most imp . Why baldy out side company make more income In our country due to indian baldy not giving proper services and care our country revenue only . Bla bla in news paper and on TV not do any thing for country . Bulsit all going on in company I share my bad exporiance l want port out my card in RCOM and call customer care and tell can you send your sales team my number but he reply rudely… Read more »

raj
raj

this all because of rude dealers of rcom shop, i have one named mahavir novelties dadar west. when ever u got for mnp in prepaid or sim gsm replacement he refuse, we complaiont about him, to anil ambani but he pass on all complaint and still selling a new postpaid connection of rcom. like this they are many dealer who work as they like. customer will leave rcom if dealer work this way . in uk or usa dont work this way, airtel, vodafone and tata respect any replace,ment or prepaid customer. not like rcom. Shop No.11, Opposite Dadar Station,… Read more »

Tonpe Vijay
Tonpe Vijay

@raj jo haal mumbai ka wohi ya usse badtar small town ke reliance store ka hai.

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