Reliance Communications posts 46 per cent increase in net profit for quarter ended March 2015

Reliance Communications reported a net profit of Rs 2.28 billion for the quarter ended March 2015, 46 per cent higher than the net profit reported in quarter ended December 2014. This came on the back of lower cost of financing its loans, higher usage of its data services, and strong overseas operations.

For the year ended March 2015, net profit fell by nearly 31 per cent to Rs 7.14 billion for year ended March 2015 from Rs 10.47 billion reported for the year ended March 2014. Revenue fell only slightly from Rs 22.23 billion reported for the year ended March 2014 to Rs 22.09 for the year ended March 2015. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) margin fell from 34.6 per cent to 34 per cent during the same period.