wordpress blog stats
Connect with us

Hi, what are you looking for?

RCOM Profit Up 7.22% QoQ For Q3-FY11, Wireless Revenue Down 2.33%

Reliance Communications says that it is consciously moving away from the low margin business; it’s results, announced today, indicate an increase in EBITDA margins (up from 32.4% to 33.3%), but a decline in revenue (at Rs. 5004 crore, down from Rs. 5118 crore the previous quarter). Net profit of Rs. 480 crore, up 7.7% from Rs. 446 crore sequentially EBITDA at Rs. 1668 crore from Rs. 1660 crore sequentially

Download: Consolidated Financials | Press Release

– Wireless: on a consolidated basis, the companys Wireless business declined 2.33% sequentially, at Rs. 4064 crore in revenues, although revenue increased 1.04% year on year from Rs. 4022.5.

– RCOM’s customer base is up 34% YoY from 94 million, at 126 million.

– Broadband revenues declined 6.55% quarter on quarter, and 12.23% sequentially.

– RCOM says that Enterprise and Globalcom EBITDA represents 37% of consolidated EBITDA. Globalcom reported a 40.75% sequential increase in profit before tax and financial charges.

– RCOM signed an MOU with China Development Bank Corporation for a 10 year financing of $1.93 billion. It has a 10 year maturity fund. This includes a loan of $1.33 billion for refinancing 3G spectrum fees, and $600 million towards 85% of equipment and services to be procured from Huawei and ZTE. This is over and above the $750 million already utilized by RCOM for procurment of equipment and services from Huawei and ZTE.

You May Also Like

News

Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

News

Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

News

E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...

News

HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ