Reliance Communications First Quarter Net Profit Rises 5.8%

Telecom operator Reliance Communications Ltd. posted 5.8 percent rise in consolidated net profit to Rs 54 crore for the three-month period ended June 30. Anil Ambani-led Reliance Communications, which on Wednesday, agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s fourth-biggest mobile phone operator had posted a net profit of Rs 51 crore in the same period a year ago.

The consolidated total income from operations declined by 4.7 percent to Rs 5,259 crore in the reported quarter from Rs 5,521 crore it posted in the corresponding period a year ago.

The revenue from the Indian operations stood at Rs 4,693 crore, down 2.5 percent from Rs 4,812 crore in the same period a year ago. The global operations segment of the company registered revenue of Rs 1,185 crore, up by 5.3 percent, from Rs 1,125 crore in same period of 2015-16.

The company said that its revenue per minute from phone calls increased by 1.6 percent on a year-on-year basis while total minutes of usage declined by 4.8 percent to 10,000 during the period under review. Reliance Communications said that its revenue per user increased by 5.7 percent to Rs 148.

The total data traffic at 102 billion MB is up 10.4 percent year-on-year, it added.