Reliance Communication ltd reported a 3.2% increases in consolidated net profit for the June quarter at Rs.162 crore, compared with Rs.157 crore in last year.
Rcom total income increases 7.5% which resulted Rs.5319 crore in April-June where in last year profits were Rs.4946 crore.
“We are very highly satisfied with the quarterly results in a tough quarter.We have a very stable Ebidta(earning before interest depreciation taxes and amorrisation) margin of 31 percent,which is among the highest in industry,”
said Gurdeep Sing, president of wireless business of Rcom.
Where in standalone basis,Rcom reported net loss of Rs.253 crore for the qurter ended June.
Standalone total income decreases to Rs.2794 crore compared wit Rs. 3002 crore in last year.
Rcom manages to collect more profits from minute basis and 3g subscribers.
Official reported, rate per minute basis had been stable for the last nine quarter at 43.1 paisa per minute and also claimed of having four million active 3g data users.
“We believe it is the highest in industry,” said Mr.Sing.