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Reliance Communications’ Q1 net profit drops by 37% at Rs 157 crore

16 Aug 2011 Evaluate

Reliance Communications has results for the quarter ended June 30, 2011.

The company has reported net loss of Rs 272 for the quarter ended June 30, 2011 as compared to net loss of Rs 491 million for the June quarter of the previous year. Its total income has decreased by 10.42% at Rs 2854 crore for the quarter from Rs 3186 crore for the corresponding quarter of the last fiscal.

On consolidated basis, the Group’s net profit after adjustment of share of Minority Interest and Associates has dropped by 37.2% at Rs 157 crore for the quarter ended June 30, 2011 as compared to Rs 250 crore for the quarter ended June 30, 2010. Its total Income has decreased by 30.31% at Rs 4940 crore for the quarter under review from Rs 5109 crore for the corresponding quarter of the previous year.

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