Look at Consolidated Results of Reliance Communications Ltd:

Type	Un-Audited
Date Begin	01-Oct-10
Date End	31-Dec-10
Description	Amount(Rs. million)
Net Sales / Income from Operations	48,649.80
Net Sales / Income from Operations	48,245.80
Other Operating Income	404.00
Expenditure	-43,698.40
Access Charges	-6,639.60
Depreciation & Amortization	-10,337.70
Employees Cost	-3,558.40
License Fees	-2,829.90
Other Expenditure	-20,332.80
Profit from Operations before Other Income, Interest and Exceptional Items	4,951.40
Other Income	1,391.10
Profit before Interest and Exceptional Items	6,342.50
Interest	-1,296.30
Profit after Interest but before Exceptional Items	5,046.20
Exceptional Items	0.00
Profit (+)/ Loss (-) from Ordinary Activities before Tax	5,046.20
Tax	213.70
Net Profit (+)/ Loss (-) from Ordinary Activities after Tax	5,259.90
Extraordinary Items	0.00
Net Profit	5,259.90
Minority Interest	-454.20
Share of Profit & Loss of Asso	-3.00
Net Profit after Mino Inter & Share of P & L	4,802.70
Any Other	0.00
Income Attributable to Consolidated Group	4,802.70
Cost of Investment In Sub	0.00
Equity Capital	10,320.10
Face Value (in Rs)	5.00
Reserves	0.00
EPS before Extraordinary items (in Rs)
Basic EPS before Extraordinary items	2.33
Diluted EPS before Extraordinary items	2.23
EPS after Extraordinary items (in Rs)
Basic EPS after Extraordinary items	2.33
Diluted EPS after Extraordinary items	2.23
Number of Public Shareholding	663,296,821
Percentage of Public Shareholding	32.14
Promoters and Promoter Group Shareholding
Pledged / Encumbered
Number of Shares	0
Percentage of Shares (as a % of the total shareholding of promoter and promoter group)	0.00
Percentage of Shares (as a% of the total share capital of the company)	0.00
Non-encumbered
Number of Shares	1,400,730,060
Percentage of Shares (as a% of the total shareholding of promoter and prom group)	100.00
Percentage of Shares (as a % of the total share capital of the company)	67.8

Further please look at the following:

(i) The customer base at 12.6 Cr (against 9.4 on Q-o-Q basis), up 34%

(ii) Net profit at Rs.480 Cr  against Rs.446 Cr in the sequential quarters

(iii) EBITDA margin increased from 32.4% to 33.3%---highest in the country

(iv) Revenue at Rs.5004 Cr as against Rs.5118 Cr in the sequential quarters. The revenue marginally declined due to conscious decision of moving away from low margin business. 

(v) Strong focus on more profitable data and VAS Service....
(vi) Broadband revenues declined 6.55% quarter on quarter, and 12.23% sequentially.
(vii) RCOM says that Enterprise and Globalcom EBITDA represents 37% of consolidated EBITDA. Globalcom reported a 40.75% sequential increase in profit before tax and financial charges.
(viii) RCOM signed an MOU with China Development Bank Corporation for a 10 year financing of $1.93 billion. It has a 10 year maturity fund. This includes a loan of $1.33 billion for refinancing 3G spectrum fees, and $600 million towards 85% of equipment and services to be procured from Huawei and ZTE. This is over and above the $750 million already utilized by RCOM for procurment of equipment and services from Huawei and ZTE.

EBITDA margin improvement:  Overall EBITDA margin improved marginally by 30bp qoq to 31.4% due to better operational performance in its global business segment supporting the positive impact of held-up EPM in the wireless business.  
Outlook and valuation:  Going  forward,  we can  expect  ARPM  as  well  as  MOU  to stabilise. The GSM rollout is majorly completed and it is expected to aid the company's margins, as network operating expenditure would decline going forward. In addition to this, stabilising ARPM would aid margins. 

Moreover, RCOM’s mobile business is expected to report a 21% CAGR in its subscriber base over FY2010–12E and ARPM as well as MOU to stabilise going forward. 

JUST BUY AND FORGET.......YOU WILL  MAKE GUARANTEED PROFIT FROM THIS SCRIP IN THE SHORT/MEDIUM TERM, IF YOU BUY AT THIS PRICE OF AROUND Rs.100.