RCom falls in volatile trade after posting flat bottom line growth in Q2

Reliance Communications shed 0.84% to Rs 77.10 at 13:33 IST on BSE after consolidated net profit rose 1.9% to Rs 156 crore on 0.9% decline in total income to Rs 5355 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours on Friday, 6 November 2015.

Meanwhile, the BSE Sensex was down 309.70 points, or 1.18%, to 25,955.54

On BSE, so far 7.51 lakh shares were traded in the counter, compared with an average volume of 18.53 lakh shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 78.40 and a low of Rs 74 so far during the day. The stock hit a 52-week high of Rs 117.40 on 18 November 2014. The stock hit a record low of Rs 45.65 on 25 August 2015.

The stock had outperformed the market over the past one month till 6 November 2015, rising 8.36% compared with 2.48% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 7.09% as against Sensex's 7.18% decline.

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

Reliance Communications (RCom)'s earnings before interest, taxation, depreciation, and amortization (EBITDA) declined 2.5% to Rs 1782 crore in Q2 September 2015 over Q2 September 2014. EBITDA margin declined to 33.3% in Q2 September 2015 from 33.8% in Q2 September 2014.

RCom's revenue from India operations rose 0.4% to Rs 4701 crore in Q2 September 2015 over Q2 September 2014. Revenue from global operations rose 5.5% to Rs 1062 crore in Q2 September 2015 over Q2 September 2014.

RCom had on 2 November 2015 announced the signing of definitive documents for demerger of Sistema's Indian wireless business, carried on by Sistema Shyam Teleservices (SSTL) under the MTS brand, into RCom.

RCom is an integrated telecommunications service provider.

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