Reliance Communications (RCOM) has posted its financial results for the quarter ended December 31, 2013.

For the period under review, the operator?s consolidated net profit stood at Rs 1.08 billion. In comparison, RCOM had reported consolidated net profit of Rs 1.05 billion for the quarter-ended December 31, 2012. The operator?s revenues increased from Rs 53.01 billion in the quarter ended December 31, 2012 to Rs 54.03 billion in the corresponding quarter in 2013. The company?s earnings before interest, taxes, depreciation, and amortisation (EBITDA) from Indian as well as its global business grew by 11.6 per cent from Rs 16.53 billion in the quarter ended December 31, 2012 to Rs 18.45 billion in the quarter ended December 31, 2013. Meanwhile, RCOM?s EBITDA from its Indian operations and global operations stood at Rs 46.37 billion and Rs 10.9 billion, respectively.

For the quarter ended December 31, 2013, RCOM generated operational cash flow (EBITDA) of Rs 18.45 billion, paid net finance charges of Rs 7.49 billion and invested Rs 3.27 billion on capex. It remains free cash flow positive for the quarter under review. For the quarter ended December 31, 2013, the operator has reported year-on-year (y-o-y) decline of 1.8 per cent in the total minutes of usage (MoU). The total MoU for the quarter under review stood at 101.9 billion while the company?s average revenue per user grew by 11.6 per cent and stood at Rs 125.

Further, for the quarter under review, the operator?s data traffic grew by 85.2 per cent y-o-y at 41,702 million MB. The traffic on the operator?s network has increased due to growth in data subscriber base and higher data usage per customer. The operator?s total data customer base has grown by 31.2 per cent y-o-y to 36.2 million including 11.1 million 3G customers in the quarter ended December 31, 2013. For the period under review, the operator made full repayment of syndicated external commercial borrowing (ECB) loan of US$ 500 million.

Earlier this year, RCOM had made full scheduled repayment of 2 other syndicated ECB loans aggregating US$ 1 billion, and bilateral ECB loans of more than US$ 310 million. With these repayments, RCOM has fully liquidated the borrowings from 23 foreign banks and financial institutions.