RCom posts Rs 332 cr profit for Jan-Mar quarter
New Delhi: Country's second largest telecom operator Reliance Communications (RCom) Saturday reported a consolidated net profit of Rs 332 crore for the quarter ended March 31, 2012.
The company's net profit stood at Rs 168 crore in the year-ago period.
On sequential basis, it was up 78 percent from Rs 186 crore in October-December quarter last fiscal.
"Net income from operations for the quarter and year ended March 31, 2011 includes a one time adjustment of Rs 2,545 crore consequent upon change of accounting treatment in respect of Indefeasible Rights of Use (IRU's). Hence the figures are not comparable with those of the quarter and year ending March 31, 2012," RCom said in a statement said.
RCom's total income stood at Rs 5,310 crore in the reported quarter, while the same stood at Rs 7,898 crore in the January-March 2011 period.
The revenues from the wireless segment stood at Rs 4,505 crore in Q4 FY'12, up 4.3 percent from Rs 4,447 crore in October-December 2011 period.
The revenues from the Global Enterprise Business Unit accounted for Rs 2,440 crore in the reported quarter, up 3.7 percent from Rs 2,352 crore in Q3 FY'12.
"RCom continues to be free cash flow positive. It generated operational cash flow (EBITDA) of Rs 1,632 crore in Q4. Post payment of 3G auction fees and with peak capex behind us, this is the first full year of positive free cash flow (FCF) for the company and this trend will continue in succeeding years," RCom said.
It added that its revenue per minute stood at 43.6 paisa.
"We have successfully achieved RPM stability for the last eight consecutive quarters amidst increasing competition and over supply of minutes in market place," it said.
The total RPM drop over last eight quarters has been one percent vs significantly higher drop in the industry, RCom added.
For the fiscal ended March 31, 2012, RCom's net profit was Rs 928 crore, while the net profit stood at Rs 1,345 crore in the previous year.
Total income stood at Rs 19,677 crore in FY'12 against Rs 22,431 crore in 2010-11.
The board has recommended a dividend of 25 paise per equity share of Rs 5 for the financial year 2011-12.