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Reliance Communications reports 49% fall in Q4 consolidated net profit

03 May 2014 Evaluate

Reliance Communications has reported results for fourth quarter and year ended March 31, 2014.

The company has posted a rise of 107.52% in its net profit at Rs 1571 crore for the quarter ended March 31, 2014 as compared to Rs 757 crore for the same quarter in the previous year. However, total income of the company decreased by 18.15% at Rs 3006 crore for quarter under review as compared to Rs 3673 crore for the quarter ended March 31, 2013.

On consolidated basis, the company has reported 48.51% fall in its net profit at Rs 156 crore for the quarter ended March 31, 2014 as compared to Rs 303 crore for the same quarter in the previous year. Total income of the company has declined by 4.78% at Rs 5671 crore for quarter under review as compared to Rs 5956 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a jump of 16.98% in its net profit at Rs 730 crore as compared to Rs 624 crore for the same period in the previous year. However, total income of company decreased by 2.92% at Rs 12445 crore for year under review as compared to Rs 12820 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 55.80% in its net profit at Rs 1047 crore as compared to Rs 672 crore for the same period in the previous year. Total income of company has increased by 2.49% at Rs 22321 crore for year under review as compared to Rs 21778 crore for the period ended March 31, 2013.

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