Reliance Communications Q2 net profit at Rs 234 Cr, up 129 %

Reliance Communications net profit at Rs 234 crore, up 129.4 percent from Rs 102 crore in Q2 previous year.

RCOM had an operating revenue of Rs 5,394 crore (excluding provision write back of Rs. 441 crore), up 3.7 percent from Rs 5,202 crore in Q2 previous year.

Operating EBITDA was at Rs 1,887 crore (excluding  provision write back of Rs 441 crore), up 15.2 percent from Rs 1,638  crore in Q2 previous  year. EBITDA  margin  at 35 percent was amongst the highest in the industry, with strong contribution from both India and Global businesses.

India revenue was up by 5.4 percent year-on-year at Rs 4,624 crore. Voice revenues was up 7.8 percent year-on-year at Rs 3,384 crore whereas non-voice was stable at Rs 1,018 crore. Global operations was stable at Rs 1,139 crore.

RCOM had 34 million data customers including 9.1 million 3G customers. Total data traffic was up 116 percent Y-O-Y at 37,570 million MB. Data usage per subscribr in the industry at 385 MB up 66 percent Y-O-Y.

RCOM continues to be free cash flow positive. RCOM generated operational cash flow (EBITDA) of Rs 2,328 crore in Q2, paid net finance charges of Rs 676 crore and invested Rs 364 crore on capex during the quarter. It remains free cash flow (FCF) positive and this is expected to continue.

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