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In the quarter where Reliance Communications (RCOM) saw a significant increase across all data related usage parameters, it posted telecom revenues of Rs 4,402 crore for the quarter ended September 30, 2013 (Q2-FY14), registering a minor dip quarter on quarter (QoQ) from Rs 4,469 crore in the previous quarter.

The non-voice revenues saw 4.9% QoQ decline to Rs 1,018 crore from Rs 1,071 crore in the previous quarter, while the voice revenues also saw a marginal decline to Rs 3,384 crore for the quarter, down 0.4% from Rs 3,398 crore in the previous quarter.

Note that Reliance Communications has changed its segmental reporting from this quarter, since it has re-organized its business into two units – India and Global operations. Therefore, it no longer discloses wireless revenues or wireless EBITDA.

Operational Highlights

– RCOM informed that its Wireless minutes of usage dipped to 101.5 billion for the quarter, down from 106.3 billion in the previous quarter and 1.7% year-on-year (YoY). The company attributed this decline to seasonality and reduction of unprofitable traffic.

– Average revenue per user (ARPU) marginally increased to Rs 120 for the quarter, up from Rs 119 in the previous quarter but up 26.3% YoY.

– Revenue per minute for the quarter increased to Rs 0.434 from Rs 0.421 in the previous quarter.

RCOM Q2-FY14 Metrics

Reliance Digital TV

– Reliance Digital TV has remained flat at 4.7 million subscribers QoQ, with 8% share of the DTH market in India.
– Reliance Digital TV is available at more than 37,000 outlets across 8,366 towns in the country, up from 36,950 outlets across 8,365 towns in the country in the previous quarter.
– The Set Top Box (STB) failure rate increased significantly to 0.86%, up from 0.59% in the previous quarter. However, the company claims to have best failure rate in India and Internationally.

Consolidated Financials

– Total revenue was at Rs 5,394 crore, up 5% from 5,135 crore in the previous quarter and up 3.7% from Rs 5,202 crore in the same quarter last year.
– Net profit for the period was Rs 234 crore, up 116.7% from Rs 108 crore profit in the previous quarter and up 129.4% from Rs 102 crore profit in the same quarter last year.
– Indian operations generated revenues of Rs 4,623.9 crore for the quarter, down 0.8% from Rs 4,659 crore in the previous quarter. EBITDA was Rs 1,640 crore for the quarter, up from Rs 1,459 crore. Indian operations account for 80% of RCOM’s total revenues for the quarter.
– Global operations reported revenues of Rs 1,139 crore for the quarter, up from Rs 1130.4 crore in the previous quarter. EBITDA was Rs 246 crore for the quarter, up from Rs 242 crore in Q1-FY14.
– Operating EBITDA was at Rs 1,887 crore, up 15.2% from Rs 1,638 crore in the same quarter last year.
– EBITDA margin was at 35%, which the company claims to be the highest in the industry.

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Also ReadRCOM Reports 9.1M 3G, 34M Data Subs For Q2-FY14; 385MB Data/Sub