Reliance Communications (RCOM) has booked revenues of INR59.56 billion (USD1.087 billion) for its fiscal fourth quarter ended 31 March 2013, whilst income for the year totalled INR217.78 billion, representing a 6.8% increase from INR203.82 billion a year earlier. EBITDA was INR22.18 billion for the quarter and INR71.59 billion for the year with EBITDA margins of 37.2% and 32.9% respectively. Revenue growth of INR6.55 billion quarter-on-quarter outstripped an INR895 million increase in operating expenses, leading to an almost threefold expansion in net profits to INR3.03 billion from INR1.06 billion at end-December 2012. On an annual basis, however, net profits fell by 27.7% to INR6.72 billion.
In terms of subscribers, RCOM reported 123.0 million wireless subscribers (+3.8% q-o-q) and 29.4 million data users, of which 7.2 million were signed up to 3G services, the cellco having added 1.1 million 3G users in the three-month period. Traffic increased across the board with average data usage per subscriber per month increasing from 280MB to 319MB, whilst minutes of use (MOU) increased to 291 from 271 three months earlier. Consequently, ARPU surged to INR128 from INR119.
In related news, RCOM has announced plans to use its CDMA spectrum primarily for wireless internet services whilst moving subscribers that predominantly use voice services to its GSM platform. RCOM’s CEO for wireless business, Gurdeep Singh said: ‘The intent is to reduce dependence of pure play CDMA voice customers. The customers who don’t use data, we will be migrating them to GSM spectrum and will free up spectrum for more and more data usage,’ adding that ‘GSM and data put together are driving our growth. GSM and data revenue now contribute 64% to our wireless revenue, up from 57% a year ago. We want to populate that network (CDMA) with dongles and CDMA smartphones.’
RCOM also announced that it made full payment of a syndicated loan facility of USD500 million on the due date. The loan was taken in 2007 from a group of international banks.