RCom Q4 net profit down over 8% at Rs 303 cr
Reliance Communications Friday reported 8.73 percent dip in net profit at Rs 303 crore for the fourth quarter ended March 31, 2013.
Mumbai: Reliance Communications Friday reported 8.73 percent dip in net profit at Rs 303 crore for the fourth quarter ended March 31, 2013.
The company had reported a net profit of Rs 332 crore in the same quarter last financial year.
Total income of the the company, however, rose 2.39 percent to Rs 5,130 crore for the January-March 2013 quarter as compared to Rs 5,010 crore in the same period last year, the company said in a filing to the BSE.
On yearly basis, the net profit declined 27.58 percent to Rs 672 crore for FY 13 as compared to Rs 928 crore last year, while the total income rose 4.49 percent to Rs 20,561 crore from Rs 19,677 crore during the same period.
The company said revenue per minute (RPM) stood at a 44 paise.
"We have successfully achieved RPM stability for the last 12 consecutive quarters amidst intense competition and over supply of minutes in market place," RCom said in a statement.
The company said it has made full payment of a loan amounting to over Rs 2,700 crore that was taken from a group of international banks.
"RCom on May 10, 2013 made full repayment of a syndicated ECB loan facility of USD 500 million (over Rs 2,700 crore) on the due date. The loan was taken in 2007 from a group of international banks," it added.
The company has 7.2 million 3G customers and 29.4 million data customers, it added.