Tuesday, February 17, 2015

RCom Advances 4% as Q3 Net Meets Expectations
February 16, 2015:  Shares of Reliance Communications surged as much as 4.2 per cent to Rs.75 after the company reported that its third quarter net profit came in at Rs 201 crore after the market hours on Friday.

RCom's net profit for quarter ended December 31, 2014 jumped 86 per cent to Rs.201 crore from Rs.108 crore during the same quarter previous year. Total income of the company rose 5.4 per cent annually to Rs.5,435 crore from Rs 5,157 crore.

Revenues from the non-voice segment grew 12 per cent and voice segment revenues jumped 4 per cent on year on year basis.

The results came in line with what the analysts had expected.

Meanwhile, the EBITDA margins saw a soft growth in the third quarter. Gurdeep Singh, CEO, consumer business at Reliance Communication told NDTV that, "EBITDA margins were stable at 33.8 per cent and it could have been higher but due to few one time expenses on global business and employee costs the EBITDA registered a soft growth." (Watch video)

Reliance Communication ended higher by 4.3 per cent at Rs.75.

Courtesy: NDTV Ltd 
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