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Updated: RCOM Q2FY12: Wireless Revenue Up 2.1% QoQ; Net Profit Down 34.42%

Updated: More operational details from R-Com’s quarterly report. Reliance Communications which provides GSM and CDMA mobile services, wireline broadband and ILD & NLD services, reported a decline in its quarterly net profits, compared to the same quarter last year. Its net profits declined to Rs 322 crore, a decline of  34.42% from profits of Rs 491 crore that it registered last year, during the same quarter. Although, sequentially, there has been an increase as the company’s profits last quarter were Rs 222 crore.  The net profit after adjustment of shares of minority interest and associates stands at Rs 252 crore. R-Com registered an increase of 2% QoQ in terms of net revenue which now stands at Rs 5040 crore. The company’s EBITDA was at Rs 1605 crore, with an EBITDA margin of 31.8%. Wireless: - Wireless: on a consolidated basis, the company’s Wireless business increased 2.1% sequentially, at Rs. 4417 crore in revenues, revenue increased 6.15% year on year from Rs. 4161 crore. - Wireless EBITDA is at Rs 1176 crore, up 0.2%, against Rs 1173 crore that it registered during the previous quarter. - RCOM’s customer base is up 2.7% QoQ from 143 million, at 147 million representing a market share of 16.9%.This includes 2.1 million 3G subscribers. 97% of the total are Pre paid customers. - Wireless minutes of usage increased from 97.3 billion to 98.9 billion, up 1.6% QoQ, while minutes of use per customer in a month saw a minor decline of 6 minutes at 227 minutes. - Revenue…

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