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.

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.

Advertisement

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. Apple's iOS 26.1 May Launch on This Date, Followed By iOS 26.2 Beta Rollout
  2. Realme GT 8 Pro Aston Martin F1 Limited Edition Launch Date Revealed
  3. Vivo Y19s 5G Launched in India With 6,000mAh Battery: See Price
  4. Oppo Reno 15 Series Might Launch in India Next Month
  5. Samsung Galaxy S26 Series Could Launch on This Date
  6. ChatGPT Atlas and Perplexity's Comet Might Be Bypassing Paywalls
  7. Here Are the Best Smartphones Under Rs 20,000 With AMOLED Display
  1. Oppo Reno 15 Series India Launch Timeline Leaked; Reno 15 Mini Also Expected to Debut
  2. India Is Shaping a Global Framework for Ethical and Human-Centric AI: PM Modi
  3. Sotta Sotta Nanaiyuthu Streaming Now on OTT: Know Where to Watch This Tamil Comedy Drama Movie Online
  4. Robin Hood Season 1 Now Streaming on Prime Video: Everything You Need to Know
  5. Bitcoin Price Drops Below $107,500 Amidst Weakening Spot Demand, Macro Uncertainty
  6. Realme GT 8 Pro Aston Martin F1 Limited Edition Launch Date, Design Revealed
  7. Vivo Y19s 5G Launched in India With 6,000mAh Battery, Dimensity 6300 SoC: Price, Specifications
  8. ChatGPT Atlas, Perplexity’s Comet and Other AI Browsers Can Bypass Paywalls: Report
  9. Silent Hill 2 Remake's Xbox Series S/X Version Listed on ESRB Website, Suggesting Upcoming Launch
  10. Vivo S50, Vivo S50 Pro Mini Reportedly Clear Radio Certification Before Launch in China
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.