relience communications: Reliance Communications Q1 profit grows 5.8% at Rs 54 crore

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NEW DELHI: Telecom operator
Reliance Communications today posted 5.8% rise in consolidated net profit to Rs 54 crore for the three-month period ended June 30.

Anil Ambani-led RCom, which today agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s fourth-biggest mobile phone operator had posted a net profit of Rs 51 crore in the same period a year ago.

The consolidated total income from operations declined by 4.7% to Rs 5,259 crore in the reported quarter from Rs 5,521 crore it posted in corresponding period a year ago.

“Results for quarter impacted by migration of CDMA customers to 4G LTE. RCom 4G LTE services now fully operational across India ,” RCom said in a statement.

The revenue of RCom from Indian operation stood at Rs 4,693 crore, down 2.5% from Rs 4,812 crore in the same period a year ago.

The global operations segment of the company registered revenue of Rs 1,185 crore, up by 5.3%, from Rs 1,125 crore in same period of 2015-16.

The company said that its revenue per minute from phone calls increased by 1.6% on year-on-year (Y-o-Y) basis while total minutes of usage declined by 4.8% to 10,000 during the period under review.

RCom said that its revenue per user increased by 5.7% to Rs 148.

“The total data customer base has grown 9.9% Y-o-Y to 38.9 million including 25.4 million 3G and 4G customers in first quarter,” the statement said.

The total data traffic at 102 billion MB is up 10.4% Y-o-Y, it added.

The shares of RCom closed at Rs 51.05, up by 2.72% on BSE.

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