Reliance Infocomm has announced its third quarter results for financial year 2004-05. The company’s revenues have witnessed a 58 per cent year-on-year growth and now stand at Rs 14.15 billion. The EBITDA has increased by 284 per cent year on year and stands at Rs 2.19 billion. The company has reported lower loss figures at Rs 60 million against Rs 1.11 billion in the third quarter of the previous year. The operations are expected to become profitable in the fourth quarter. For the first nine-month period of fiscal year 2004-05, Infocomm’s revenues stood at Rs 37.28 billion as against Rs 17.08 billion, showing a 118 per cent growth. For the same period, its EBITDA grew 700 per cent to Rs 5.12 billion.
