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RCom Q2 net drops 43.5% to Rs 252 cr
TT Correspondent |  |  14 Nov 2011

Anil Ambani-led Reliance Communications (RCom) today posted a 43.49 per cent decline in net profit at Rs 252 crore for the second quarter this fiscal, but gave a bullish outlook on non-voice services which includes high speed mobile Internet through 3G.

The company had posted a net profit (after adjustment of share of minority interest and associates) of Rs 446 crore in the same period last year.

The total income from operations for the quarter under review decreased 4.59 per cent to Rs 4,792 crore from Rs 5,023 crore for the corresponding quarter last year, according to a company filing with the BSE.

Sequentially, RCom's revenue and profit were up from Rs 4,940 crore and Rs 157 crore, respectively, the company said in a statement.

"In this industry, we track growth on quarterly basis which is a better criteria to look. This was a robust quarter for us," said RCom's Head for Wireless Business.

    
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14 Nov 2011(IST)  
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