Reliance Communications Q2 net profit down 28% at Rs 39 crore

By November 14th, 2016 AT 9:55 PM

Reliance Communications (RCom) on Monday reported a net profit of Rs 39 crore for the second quarter, down 28 percent sequentially. RCom said that its consolidated revenue in the second quarter stood at Rs 5,142 crore, down 4% from Rs 5,361 crore in the first quarter. The telco’s EBITDA stood at Rs 1,542 crore, down 1% from Rs 1,560 crore in the first quarter.

india-tower

For the India operations, the telco’s revenue stood at Rs 4,488 crore, down 4% from Rs 4,693 crore in the first quarter. EBITDA for the India operations stood at Rs 1,297 crore in the second quarter, down 4% from Rs 1,353 crore in the first quarter.

RCom said that its global operations revenue stood at Rs 1,089 crore, down 8% from Rs 1,185 crore in the first quarter. The Anil Ambani-led telco’s minutes if usage went down 2% sequentially at 97.9 billion in the second quarter. The average revenue per unit (ARPY) however surged 5% sequentially to reach Rs 155 in the second quarter. RPM stood at 44.6 paisa, down 1% quarter on quarter.

The total data customer base is 35.1 million including 24.5 million 3G/4G customers in the second quarter, the company said. The total data traffic stood at 104.8 billion MB, up over 8% on a yearly basis. The traffic has increased mainly due to increase in data usage per subscribers, the telco said.

RCom has a customer base of nearly 96 million including over 2.6 million individual overseas retail customers. The company’s corporate clientele includes over 39,000 Indian and multinational corporations including small and medium enterprises and over 290 global, regional and domestic carriers.

During the quarter, the telco launched Reliance Spottr, which us a location based service that will empower customers to ascertain safety and security of near and dear ones, while they are mobile. With this service, an RCom customer can find location of upto five RCOM mobile numbers anywhere in India after securing consent from them.
The telco had also launched Reliance Games Arcade, which is an own branded games store powered by Opera.

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Stephen

Brand RCOM is rotten.

Kaushik

Apparently Rcom is doing better than Idea cellular which reported 58% sequential drop in profits for Q2. Moreover, it appears Rcom managed to increase its ARPUs while idea is losing there. With data having a big impact on the future and Rcom already having 25% of its user base on 3G or 4G, I expect that the 4G round will see intense pressure on Vodafone and Idea from Rcom-Airtel combine and Jio. Its possible both may fall from their respective positions too. Rcom got an edge in the 4G spectrum race, so if they play the cards right, they could… Read more »

Kiran Fernandes | Goa

I have this Rcom GSM zero plan(unlimited local /std /roaming, unlimited 2g/3g data, 100 SMS per day), and I want to migrate the plan to 4g,but I think that they might cancel the plan, and I will have to pay for 4g data although I have already paid 20,850/- for a period of 2 years from September 2015. I just hope they don’t cancel this plan though.

Kaushik

Talk to their customer care. Send an email and CC it to appellate authority for your circle. Explain that you are paying approx 870 rupees a month from your zero plan upfront payment and Rcom is already offering unlimited calling and 100 SMS/Day in plans starting from 599 a month (4G). Ask them to shift you to an appropriate plan and give you credit for remaining months till balance amount of 20850 is cleared.

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