Reliance books INR1.62bn net profits

13 Aug 2012

Indian telco Reliance Communications has reported total revenues of INR53.19 billion (USD962.1 million) for the first quarter of its fiscal year 2013, ended 30 June 2012, up 0.2% quarter-on-quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) edged up to INR16.50 billion from INR16.32 billion the previous quarter, whilst EBITDA margin was 0.3 percentage points higher, at 31.0%. Net profits, however, fell by 51.0% q-o-q to INR1.62 billion.

In terms of operations, Reliance claimed 153.60 million wireless subscribers across all 22 circles, booking net additions of 1.56 million subscribers for the three-month period. ARPU dipped by INR1 to INR98, though minutes of usage per customer per month (MoU) increased to 228 minutes, from 227 at end-March 2012. In the broadband market, Reliance saw a drop in access lines, from 1.515 million to 1.510 million.

India, Reliance Communications (RCOM)