Reliance Communications (RCOM) reported, on a consolidated basis, net income of Rs. 21496.38 crores of revenue for the fiscal year ended 31st March 2010, down 3.39% from Rs. 22250.54 crores reported for the corresponding period the previous year. Expenses for the company grew 5.45% to Rs. 18058.31 crores, up from Rs. 17124.82 reported for the previous year. Thus, the net profit for Reliance communications in FY10 decreased 23.54% to Rs. 4655 crores from Rs. 6044.93 crores for FY09. RCOM reported a basic Earnings Per Share of Rs. 22.55, down 23% from Rs. 29.29 for the previous year, on a consolidated basis. The RCOM Board has approved a 17% dividend, with a payout of Rs. 205 Crores. RCOM hasn't released data yet for Q4, but its press release states that profit for Q4 was at Rs. 1220 Crores, up 10.1% quarter on quarter. However, this is down 16.01 percent from Rs 1454 crores reported for Q4 last year. The company also added that minutes of usage on its network increased from Rs. 276 billion to Rs. 349 Billion, up 26%. During the year, RCOM claimed to have reached 100 million customers. Segment Results EBITDA for Reliance Communications was Rs. 7821 crores, down 16% from Rs. 9305 crores, what what is noticeable is a decline in EBITDA margin to 35.3% from 40.5% the previous year. Remember that several new telecom operators launched services at lower tariffs, or differentiated plans, which has forced incumbent telecom operators to also offer similar plans to consumers.…
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