RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2010
- NET PROFIT OF RS. 446 CRORE (US$ 99 MILLION), UP 78% AGAINST RS. 251 CRORE (USD 54
MILLION) IN THE SEQUENTIAL QUARTER
- NET PROFIT WOULD HAVE BEEN HIGHER BY 165% AT RS. 1,181 CRORE
BUT FOR MTM GAIN OF RS. 735 CRORE, USED TO SET-OFF EARLIER NOTIONAL FOREX LOSS ETC.
- REVENUE AT RS. 5,118 CRORE (US$ 1,139 MILLION), UP 0.2%
AGAINST RS. 5,109 CRORE (US$ 1,100) IN THE SEQUENTIAL QUARTER
- EBITDA AT RS. 1,660 CRORE (US$ 369 MILLION)
AGAINST RS. 1,632 CRORE (US$ 351 MILLION) – INCREASE BY 1.7% SEQUENTIALLY
- EBIDTA MARGIN IMPROVED FROM 31.9% TO 32.4% SEQUENTIALLY
- CUSTOMER BASE AT 117 MILLION, UP 36.3%
AGAINST 86 MILLION IN THE CORRESPONDING QUARTER LAST YEAR
- MINUTES OF USAGE INCREASED FROM 84.5 BILLION TO 94.6 BILLION, UP BY 12% AS
COMPARED TO THE CORRESPONDING QUARTER LAST YEAR
- ENTERPRISE & GLOBALCOM EBITDA REPRESENTS 35% OF CONSOLIDATED EBITDA
MAINTAINING STEADY PERFORMANCE
Mumbai, November 13,, 2010:Reliance Communications Limited (RCOM) today announced
its unaudited consolidated financial results for the quarter ended September 30, 2010.
Highlights of the financial performance for the year are:
- Revenue at Rs. 5,118 crore (US$ 1,139 million) compared to
Rs 5,109 crore (US$ 1,100 million) in the sequential quarter
- EBITDA at Rs. 1,660 crore (US$ 369 million) compared to Rs 1,632 crore (US$ 351
million) in the sequential quarter
- Profit after tax at Rs. 446 crore (US$ 99 million) compared to
Rs 251 crore (US$ 54 million) in the sequential quarter
CORPORATE DEVELOPMENTS
- RCOM & Universal Music sign exclusive strategic partnership in its preparation for 3G launch
RCOM has signed an exclusive strategic partnership with Universal Music to offer musicrelated
services and content across RCOM’s GSM, CDMA, 3G Mobile and Wireless Broadband
platforms. This is the biggest and first-ever comprehensive music partnership signed in India
by a telecom operator.
The agreement between Reliance Communications and Universal Music has been signed with
a commitment of substantial investments to be made by both the parties to offer 360
degree music experience to customers across all platforms including Voice, WAP, Web, IVR,
Blog & through On-Ground Events.
The agreement with Universal is a prelude to RCOM’s 3G launch since Music offers the
potential to provide the best consumer experience on 3G network. Universal will offer its
entire catalogue of international and Indian music to RCOM.
- RCOM & Nokia join hands for a first-of-its-kind multi-faceted business partnership
RCOM and Nokia India jointly announced a first-of-its-kind multi-faceted business alliance.
The RCOM – Nokia alliance will aim to foster greater use of mobile services, giving consumers
an opportunity to get richer experiences and do more with their phones.
The RCOM–Nokia partnership is structured on a one-of-its-kind blue-print to engage with the
Indian consumes to offer an array of unmatched & innovative mobile, data and services
offerings in India. The alliance covers –
- Making available Ovi Life Tools services targeted at the rural and semi-urban segments for
Reliance customers
- Exclusive offers on Ovi Music Unlimited (OMU) devices - including Nokia 5530, Nokia
5800, Nokia X6 16 GB, Nokia X6 8 GB and Nokia 5235 - for faster music downloads
- An exclusive offer on Reliance Netconnect Broadband + USB Datacards on the
purchase of Nokia OMU enabled phones
- Special data packages for Nokia GPRS phones (other than OMU-enabled devices)
About Reliance Communications
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the
flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group
currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore
(US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The
Company, with a customer base of over 124 million including over 2.5 million individual overseas retail
customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single
country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations,
and over 800 global, regional and domestic carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),
convergent (voice, data and video) digital network that is capable of supporting best-of-class services
spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.
Reliance Communications owns and operates the world's largest next generation IP enabled connectivity
infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe,
Middle East and the Asia Pacific region.
Financial Results summary
| Turnover |
|
|
|
| Wireless |
4,161 |
4,153 |
0.2% |
| Global |
1,839 |
1,814 |
1.4% |
| Broadband |
662 |
676 |
-2.2% |
| Diversified |
398 |
335 |
19.0% |
| Total (post eliminations) |
5,118 |
5,109 |
0.2% |
| |
|
|
|
| EBITDA |
|
|
|
| Wireless |
1,210 |
1,199 |
0.9% |
| Global |
339 |
332 |
2.3% |
| Broadband |
248 |
248 |
0.2% |
| Diversified |
-134 |
-135 |
-0.5% |
| Total (post eliminations) |
1,660 |
1,632 |
1.7% |
| |
|
|
|
| EBITDA margin |
32.4% |
31.9% |
50bps |
| |
|
|
|
| Depreciation |
955 |
965 |
-1.0% |
| Financial Charges (net) |
280 |
440 |
-36.4% |
| PBT |
425 |
228 |
86.5% |
| Tax |
-66 |
-72 |
-8.3% |
| PAT (before minority
interest) |
491 |
300 |
44.4% |
| Share of minority interest |
45 |
49 |
-8.0% |
| PAT (after minority
interest) |
446 |
251 |
77.8% |
|
