Reliance Communications' net profit for the third quarter of the current fiscal declined 61 per cent to Rs 186 crore from Rs 480 crore in the same year ago quarter.
Revenue at Rs 5,052 crore (Rs 5,004 crore) was marginally up. On a sequential basis the company's net profit declined by 26 per cent, while revenues were almost flat.
“RCom continues to be free cash flow positive. RCom generated operational cash flow (EBITDA) of Rs 1,611 crore in this quarter. Post payment of 3G auction fees and with peak capex behind us, this is the first full year of positive free cash flow (FCF) for the company and this trend will continue in succeeding years,” said a statement from the company.
Its EBITDA margin of 31.9 per cent is the highest in the industry, it said. TWireless revenue was up 0.7 per cent sequentially, and wireless EBITDA up 0.5 per cent. Wireless minutes of usage rose one per cent to 99.9 billion. Revenue per minute stood at 45 paise a minute, said a company statement.
The company's stock fell by 1.79 per cent on Monday on the NSE, to close at Rs. 93.40.
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