Reliance Communications Q2 profit dips by 59.5 percent

Advertisement
By Press Trust of India | Updated: 9 November 2012 13:20 IST
Reliance Communications on Thursday reported a 60 percent drop in its consolidated net profit at Rs. 102 crore for the second quarter ended September 30.

The company had posted a net profit of Rs. 252 crore in the corresponding period last fiscal.

RCom President and Chief Executive Officer for Wireless Business Gurdeep Singh said that profit after tax of the company is mainly down due to interest outgo on money the firm had borrowed to buy 3G spectrum two years ago.

Advertisement

The total income from operations increased by 4.98 percent at Rs. 5,031 crore for the July-September 2012 quarter compared to Rs. 4,792 crore it registered during the corresponding period a year ago.

During the quarter, RCom raised pre-paid tariffs by 25 percent across GSM and CDMA platforms.

Advertisement

"This decision is in line with our aim of maintaining a healthy RPM (revenue per minute) and improving average margin per user. We expect the full revenue impact of the tariff hike to reflect by next financial year," the company said in a statement.

RCom said its 3G customer based increased to 4.8 million and company now has over 26 million customers using data (internet) services.

Advertisement

"Rationalisation of 3G tariff has helped in uptake," Singh said.

Singh said that average revenue that company earns from its subscribers has reached Rs. 102 crore.

Advertisement

RCom's subscriber base reached 13.48 crore at the end of September 2012.

Shares of the company closed at Rs. 58.55 apiece, up by 1.3 percent at BSE on Thursday.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. iPhone 18 Pro Max Roundup: Everything We Know Ahead of Launch
  2. Samsung Galaxy A27 Review
  3. Xiaomi Smart Band 11 Active With a 1.47-Inch Screen Debuts: See Price
  4. Tecno Pova 8 Pro 5G Tonino Lamborghini Limited Edition Unveiled
  5. Lingverse iKairos Debuts as a Desktop Robot and Wearable AI Pendant
  6. Xiaomi Power Bank 20000mAh 165W to Launch in India On This Day
  1. IFA 2026: Lenovo Unveiled New IdeaPad, Yoga and ThinkBook Laptops
  2. IFA 2026: Nvidia RTX Spark PCs, Local AI Tools Announced With October Launch Planned
  3. WhatsApp Reportedly Rolling Out Third-Party AI Agent Chats to Android Users
  4. Luna Band Now Available Globally: Check Price in India, Specifications and Features
  5. Pocket Bitcoin Data Breach Exposes Personal and Financial Information of 5,411 Customers
  6. Google Pixel Watch 5 Stephen Curry Special Edition Goes on Sale: Price, Features and More
  7. IFA 2026: Noise Master Buds Open With Sound by Bose Technology Unveiled
  8. Binance Warns of Phishing Scam Targeting Crypto Users With Fake Account Security Alerts
  9. Oppo Find X10 Pro Max, Find X10 India Launch Seems Imminent as Phones Appear on Certification Site
  10. Xiaomi Smart Band 11 Active Launched With Up to 21 Days of Battery Life; Smart Band 11 Price, Features Revealed
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.