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RCOM Profits Down 86% YoY; ARPU Declines 23% To Rs.107

Reliance Communications which provides GSM and CDMA mobile services, wireline broadband and ILD & NLD services, reported a sharp decline in its quarterly net profits, compared to the same quarter last year. Its net profits declined to Rs 168.6 crore, a decline of  86% from profits of Rs 1219.5 crore that it registered last year, during the same quarter. Even sequentially, this is a big loss, and the company’s profits last quarter were Rs 480.3 crore. It registered a growth of  71.3% QoQ in terms of net revenue which now stands at Rs 6949.9 crore.

Operational Highlights

Wireless:

– The company reports a net addition of 10.06 million subscribers during Q4FY11, and has 135.71 million subscribers in total. 97% of its customers are Pre-paid subscribers.

– RCom’s wireless ARPU decreased marginally to Rs 107 this quarter, from Rs 111 that it reported during the last quarter. However, comparing on an Year-On-Year basis, it is a 23% decline from Q4FY10’s ARPU of Rs 139.

– Wireless churn was at 4.1%. The total ‘Minutes of use’ increased to 94.4 billion minutes, while minutes of use per customer in a month saw a minor decline of 10 minutes at 241 minutes. Its wireless ‘Revenue per minute’ remained stable at Rs 0.44  and wireless EBITDA was Rs 0.12 per minute.

Global:

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– Total International Long Distance minutes increased to 4538 million this quarter compared to last quarter’s 4084 million.

– Total National Long Distance Minutes remained more or less stable at 16,578 million minutes, during Q4FY11.

Broadband:

– The company runs broadband services in 18 service areas across 44 towns (wireline only). The company added 4,000 connections during the quarter, bringing the number of subscriber lines to 1,514,000. It had added 26,000 customers during the last quarter, so there is clearly a decline in number of new subscribers.

– Average Revenue Per Line increased to Rs 1523 from Rs 1377 that it reported last quarter. Note that the company’s ARPL during Q4FY10 was Rs 1551.

Annual Results

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RCom reported a net profit after tax of Rs 1,346 crore down by 71.1% as compared to last year’s profits of Rs 4655 crore. The company  posted a revenue of Rs 23,108 crore for the full year which is a growth of  4.4% . The EBITDA has increased to Rs 9,081 crore from Rs 7,821 crore.

Quarterly Report | Financials

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

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