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RCom Q3 profit up 2.8 pct at Rs 108 cr
TT Correspondent |  |  08 Feb 2014

Reliance Communications (RCom) on Friday reported a 2.7 per cent increase in its consolidated net profit at Rs 108 crore for for the quarter ended December 31, 2013 compared to net profit of Rs 105 crore during the same period last year.
 
Revenue at Rs. 5,403 crore went up 1.9% from Rs. 5,301 crore in Q3 previous year.
 
EBITDA at Rs. 1,845 crore, up 11.6% from Rs.1,653 crore in Q3 previous year. EBITDA margin at 34.2%, amongst the highest in the industry, with strong contribution from both India and Global businesses.
 
 India Operations Revenue & EBITDA: Q3 India Operations revenue at Rs. 4,637 crore, up 3.2% Y-O-Y from Rs.4,493 cr in Q3 previous year. Q3 India Operations EBITDA at Rs. 1,606 crore, up 15.0% Y-O-Y.
 
Global Operations Revenue & EBITDA: Q3 Revenues at Rs. 1,090 crore, down by 8.3% from Rs. 1,188 crore in Q3 previous year. Q3 EBIDTA at Rs.239 crore, down by 6.6% Y-O-Y. Q3 EBITDA margin stands at 21.9%.
 
 RCOM said it generated operational cash flow (EBITDA) of Rs. 1,845 crore in Q3, paid net finance charges of Rs. 749 crore and invested Rs. 327 crore on capex during the quarter. It remains free cash flow (FCF) positive and this is expected to continue.
 
RPM increased to 43.5 paisa, up 5.1% Y-O-Y. Voice RPM has increased to 33.5 paisa, up 8.4% Y-O-Y. We have significantly improved RPM with tariff hikes and strong focus on paid and profitable minutes.
 
The total MOUs down by 1.8% y-o-y at 101.9 billion while ARPU: ARPU up 11.6% y-o-y at Rs. 125 in Q3.
 
The total data traffic grew 85.2% y-o-y at 41,702 million MB. The traffic has increased due to increase in data subscribers and higher data usage per customer.
 
The total data customer base has grown 31.2% y-o-y to 36.2 million including 11.1 million 3G customers in Q3.

RCOM makes full repayment of another syndicated ECB loan of US$ 500 mn (Rs. 3,100 cr): RCOM has fully repaid another syndicated ECB loan of US$ 500 Million (Rs.3,100 crore approx) on schedule due date.
 
RCOM had earlier this year made full scheduled repayment of 2 other syndicated ECB loans aggregating US$ 1 billion (Rs. 6,200 crore), and bilateral ECB loans of more than US$ 310 million (Rs.1,900 crore approx). With these repayments, RCOM has now fully liquidated the borrowings from 23 foreign banks and financial institutions.

    
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08 Feb 2014(IST)  
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