Reliance Communications (RCOM) has announced its consolidated financial results for the quarter ended June 30, 2013. Highlights of the financial performance for the quarter include, operating income at Rs.5,315 crore which is up 3.6% from Rs.5,130 crore in Q4. The EBITDA remained at Rs.1,701 crore, up 2.0% on comparable basis from Rs.1,668 crore in Q4. EBITDA margin was at 31.4 with strong contribution from both Wireless and GEBU businesses. The company bagged a net profit of Rs.108 crore.
RCOM improved RPM with tariff hikes which increased to 45.7 Paise, up 4% q-o-q. Global Enterprise (GEBU) Revenue & EBITDA: Q1 Revenues at Rs.2,300 crore, down by 6.7% from Rs.2,466 crore in Q4. Q1 EBIDTA was Rs.518 crore which went down by 8.9% q-o-q. RCOM generated operational cash flow (EBITDA) of Rs.1,701 crore in Q1. It has completed full repayment of two Syndicated ECB Loan facilities aggregating US$1 billion. RCOM and Reliance Jio Infocomm signed comprehensive agreement for sharing of towers infrastructure.
In this quarter, RCOM has announced the launch of exciting new 3G data offer at 2G data prices for Smartphone and Tablet users, targeting the fast-growing segment. RCOM signed partnership with Apple to offer iPhone 5 with attractive customer offerings. RCOM will provide iPhone customers superior 3G speeds and a reliable data experience at attractive offers.
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