Reliance Communications today released a 5.8% increase in consolidated net profit to Rs 54 crore for the three-month period ended June 30.
RCom, led by Anil Ambani, which today agreed to merge its wireless telecommunications business with its smaller rival Aircel to create the country's fourth largest mobile operator, had posted a net profit of Rs 51 million in the same period a year ago. year.
Total consolidated income from operations decreased 4.7% to Rs 5,259 crore in the reported quarter from Rs 5,521 crore recorded in the corresponding period a year ago.
"The results for the quarter affected by the migration of CDMA clients to 4G LTE. RCom 4G LTE services are now fully operational across India," RCom said in a statement.
RCom's revenue from the Indian operation stood at Rs 4,693 million, down 2.5% from Rs 4,812 million in the same period of the previous year.
The company's global operations segment reported revenues of Rs 1,185 million, up 5.3% from Rs 1,125 million in the same period of 2015-16.
The company said its revenue per minute from phone calls increased 1.6% yoy (Y-o-Y), while total minutes of use decreased 4.8% to 10,000 during the period under review.
RCom said its revenue per user increased 5.7% to Rs 148.
"The total data client base has grown 9.9% yoy to 38.9 million, including 25.4 million 3G and 4G clients in the first quarter," the statement said.
Total data traffic to 102 billion MB increased 10.4% year-on-year, he added.
RCom shares closed at Rs 51.05, 2.72% higher on BSE.
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