RCom drops after dismal Q4 performance

Reliance Communications declined 4.8% to Rs 46.65 at 15:00 IST on BSE after consolidated net profit fell 22.36% to Rs 177 crore on 3.78% rise in total income to Rs 5919 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 30 May 2016.

Meanwhile, the BSE Sensex was down 27.69 points, or 0.1%, to 26,698.09.

On BSE, so far 22.66 lakh shares were traded in the counter, compared with an average volume of 18.19 lakh shares in the past one quarter. The stock hit a high of Rs 49.60 and a low of Rs 46.55 so far during the day. The stock hit a record low of Rs 45.65 on 25 August 2015. The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock had underperformed the market over the past one month till 30 May 2016, sliding 12.89% compared with Sensex's 4.37% gains. The scrip had also underperformed the market in past one quarter, shedding 5.22% as against Sensex's 16.19% gains.

The large-cap company has an equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications (RCom)'s average revenue per user (ARPU) rose 10.6% to Rs 157 in Q4 March 2016 over Q3 December 2015. Revenue per minute (RPM) rose 5.5% to 47.7 paisa in Q4 March 2016 over Q3 December 2015.

RCom is an integrated telecommunications service provider.

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