Reliance Communications has reported a 22.36 per cent drop in consolidated net profit to ₹177 crore for the fourth quarter ended March 31 on account of rise in expenses. The company had reported a net profit of ₹228 crore in the corresponding period last fiscal.
The total expenses increased to Rs 5,219 crore in the reported quarter from ₹4,722 crore, the company said in a filing to the Bombay Stock Exchange.
Total income from operations declined 1.35 per cent to ₹5,617 crore in the same period. On yearly basis, the net profit stood at ₹681 crore for fiscal 2015-16 as compared to ₹714 crore last year.
Total income was ₹21,711 crore (₹21,770 crore). The total data customer base has grown 15.4 per cent year-on-year to 38.9 million including 24.2 million 3G customers in Q4.