RCom Q2 net up 1.9% at Rs 156 crore

Telecom firm Reliance Communications today reported a 1.9 per cent rise in consolidated net profit at Rs 156 crore for the second quarter ended September 30.
The company had posted net profit of Rs 153 crore in the same period a year ago, RCom said in statement.
"This was a seasonally weak quarter for the sector. Things improve and get back to pace after the festive season. Despite this, we saw non-voice contribution improving significantly to 27.1 per cent compared with 24.3 per cent on year-on-year basis," RCom Consumer Business CEO Gurdeep Singh told PTI.
The consolidated revenue of RCom during the period stood at at Rs 5,355 crore, down 0.9 per cent from Rs 5,403 crore in corresponding period of 2014-15.

"Our revenue per minute improved this quarter as well. We have seen stabilisation in revenue from CDMA business. Of the total revenue, 74 per cent business came from GSM and rest from CDMA," Singh said.
RCom's observed strong performance of CDMA business in southern states, Delhi, Mumbai, Gujarat, Maharashtra and Madhya Pradesh circle, Singh said.

"India operations revenue grew by 0.4 per cent YoY to Rs 4,701 crore. This growth is partly affected on account of full quarterly impact of change in IUC rate and roaming charges," Singh said.
The minutes of usage on company network increased marginally to 102.5 billion on year-on-year basis and average revenue per user stood at Rs 138.

RCom said that its total data customer base has grown 25.3 per cent YoY to 37.2 million including 19.1 million 3G customers in the reported quarter.
"We are serving 37.2 million data subscribers, out of which 19.1 million are 3G subscribers, which is more than 50 per cent of mobile Internet users on the RCOM network are 3G users, enjoying high-speed data services," Singh said.