Reliance Communications Q3 net profit up 9.6% in Rs 171 crore

By January 23rd, 2016 AT 3:01 PM

Reliance Communications (RCom) has posted 9.6% sequential jump in net profit in the third quarter at Rs 171 crore. It had posted Rs 156 crore net profit in the second quarter of the current fiscal. The company’s consolidated revenue in the quarter however fell 1.1% at Rs 5,298 crore from Rs 5,355 crore in the last quarter. Consolidated EBITDA stood at Rs 1,803 crore, up 1.2% from Rs 1,782 crore in the last quarter.

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RCom’s India operations revenue dipped 1.1% at Rs 4,651 crore, down from Rs 4,701 crore in Q2. India EBITDA stood at Rs 1,620 crore, up 0.9% from Rs. 1,605 crore in the last quarter.The company said that revenue decline is on account of 2G license expiry in 5 circles.

“We have successfully migrated the profitable customers to 3G in these 5 circles and achieved significant improvement in network coverage & quality through ICR arrangements with Vodafone and Aircel,” RCom said in a statement.

The company’s global operations revenue surged by 4.1% at Rs 1,106 crore from Rs 1,062 crore in the second quarter of the current fiscal. RCom’s RPM or revenue per minute increased 0.9% sequentially at 45.2 paisa in the third quarter. Minutes of Usage (MOU) however plunged 2% quarter-over-quarter to reach 100.4 billion minutes. The telco’s ARPU also surged 2.9% sequentially to reach Rs 142.

RCOm’s total data customer base has grown 4.3% sequentially to 38.8 million, including 23.1 million 3G customers in the third quarter. The total data traffic went up 6% sequentially at 103.2 billion MB.

“The traffic has increased due to increase in data subscribers and higher data usage per customer,” the company said.

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