We missed this earlier. Multi System Operator Ortel Communications has reported broadband revenues of Rs 8.94 crore in the quarter ended March 2016 (Q4 FY16), an increase of 20.16% in the same quarter last year. On a sequential basis, broadband revenues increased 7.97% from Rs 8.28 crore. The broadband segment reported a profit of Rs 5.08 crore, down 3.96% from Rs 5.29 crore in Q4 FY15 and up 6.27 from Rs 4.78 crore in the preceding quarter. Revenue contribution from broadband was at 17% of total revenues. Ortel's broadband business added 13,963 subscribers in FY2016 compared to 4,092 subscribers in FY2015. Its total Broadband RGUs stand at 72,482. It added that 10% of its total subscribers are broadband subscribers. Data usage per customer increased 56.19% to 4,653 MB from 2,979 MB in the same quarter last year. Ortel has also announced its new broadband plans ranging from 2 Mbps to 100 Mbps. Ortel is the first Multiple System Operator (MSO) to offer 100 Mbps Broadband in the state of Odisha using the DOCSIS 3.0 technology. The company said that it is being initially deployed in the city of Bhubaneswar and will be launched in other markets soon, without mentioning the timeline. Quarterly Financials Ortel reported a 51.1% year-on-year (YoY) decline in its net profit to Rs 2.76 crore in the quarter ended 31 March 2016. This was against a net profit of Rs 5.65 crore which the firm had reported for the corresponding quarter of last year. - Total Income increased by 18.6% to Rs 53.3 crore…
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