RCom Q4 net profit rises 46 per cent
30 May 2015
Reliance Communications (RCom), India's fourth-biggest mobile operator carrier by subscribers, has posted a 45.9-per cent rise in net profit for the fourth quarter ended 31 March 2015, mainly aided by rise in data traffic.
The rise was also helped by a 26.57 per cent fall in finance costs.
The company's consolidated net profit rose to Rs228 crore, compared with RS156 crore recorded during the same quarter a year ago. RCom, which straddles both GSM and CDMA services, said is total income rose to Rs5,703 crore from Rs5,671 crore recorded during the quarter under review.
EBITDA (operating profit) rose 6.7 per cent to R1,976 crore, the company said in a statement.
RCom's total data traffic rose 73.6 per cent on a year-on-year (YOY) basis to 87,211 million MB as the number of data subscribers and data usage per customer rose.
The company, controlled by billionaire Anil Ambani, posted a 43.68 per cent lower depreciation and amortisation expenses at Rs.995 crore for quarter. This is compared with Rs 1,767 crore recorded during the same period a year ago.
RCom's total data customer base rose 26.2 per cent on a YOY basis to 33.7 million, which included 17.4 million 3G customers, as of March-end. It also recorded the highest data usage per subscriber at 893 MB, a 37.8 increase on a YOY basis, it said.
The Mumbai-based company's Revenue Per Minute (RPM) rose 2.8 per cent to 44.4 paise, while voice RPM rose 0.6 per cent to 33.2 paise. Minutes of usage, another financial parametre, rose 5.7 per cent from the comparable quarter of previous year to 108.1 billion, while average revenue per user rose 14.8 per cent to Rs 147.