RCom Q1 profit dips 37 p.c. YoY at Rs. 157 cr

Reliance Communications announced its net profit declined nearly 37 per cent to Rs. 157 crore ($35 million) in the first quarter of 2011-12 as compared to Rs. 250 crore during the same period last year.
The company's total income declined to Rs. 2,854 crore during the quarter under review as compared to Rs. 3,186 crore in the coresponding quarter of last year.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) stand at Rs. 1,602 crore ($358 million) in April-June quarter.

Reliance Communications' EBITDA margin, the company's operating profitability, was at 32.4 per cent, amongst the highest in the industry with strong contribution from both wireless and global enterprise business unit (GEBU) businesses, the company said in a statement.

EBITDA from wireless business rose by 2.1 per cent to Rs..1,173 crore in the quarter ended June 30 as compared to Rs..1,149 crore during the same quarter last year.