RCOM books revenue dip in FY2015, despite Q4 growth

1 Jun 2015

Reliance Communications (RCOM), India’s fourth largest cellco by subscribers, has booked turnover of INR220.98 billion (USD3.46 billion) for the twelve months ended 31 March 2015, down from INR223.21 billion in the previous year. EBITDA for the year was INR75.18 billion, compared to INR77.26 billion in the company’s fiscal 2014, whilst net profit dipped to INR7.14 billion from INR10.48 billion. Revenue for the operator’s Q4, ended 31 March 2015, was up 4.3% on a quarterly basis to INR57.03 billion, whilst EBITDA grew by 6.8% quarter-on-quarter to INR19.76 billion. Net profit for the quarter, meanwhile, was INR2.28 billion, a 13.1% improvement q-o-q.

RCOM claimed a total of 110.7 million mobile customers at end-March – up from 107.5 million in December 2014 – 33.7 million of which were data users, including 17.4 million 3G subscribers. Whilst data continues to represent a growing proportion of turnover, with 25.2% of RCOM’s service revenue coming from non-voice services (24.8% at end-December 2014), the cellco has also seen improvements in the voice segment: average MOU per month increased to 330 from 315 whilst voice ARPU grew to INR110 per month from INR107. Blended ARPU was INR147 per month in the period under review, up from INR142 in the three months ended 31 December 2014.

India, Reliance Communications (RCOM)