Industry

Reliance Communication Q2 profit up by 1.9% , reaches 156 Crores

Telecom firm from Anil Dhirubhai Ambani group posted a net profit of 156 crore for the second quater of the fiscal yeal 2015-16.The profit is up by 1.9% from the consolidated profit noted last year in the same quater .“This was a seasonally weak quarter for the sector. Things improve and get back to pace after the festive season. Despite this, we saw non-voice contribution improving significantly to 27.1 per cent compared with 24.3 per cent on year-on-year basis,” Reliance Communications Consumer Business CEO Gurdeep Singh told PTI.

The consolidated revenue of Reliance communication during the period was down 0.9% from 5,403 crore to 5,355 crore in the same period in 2014- 15 .

“Our revenue per minute improved this quarter as well. We have seen stabilisation in revenue from CDMA business. Of the total revenue, 74 per cent business came from GSM and rest from CDMA,” Singh said.

Strong performance of the CDMA business in Delhi , Mumbai ,Gujarat, Maharashtra and Madhya Pradesh circle was th main reason for this growth in this quater .

The India operation was up by 0.4% YOY to 4,701 crore due to the change in IUC rate and rates in roaming charges . The total data subcriber has grown by 25.3% YOY to 37.2 million which includes 19.1 million 3G customers .“We are serving 37.2 million data subscribers, out of which 19.1 million are 3G subscribers, which is more than 50 per cent of mobile Internet users on the Reliance Communications network are 3G users, enjoying high-speed data services,” Singh said.

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