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Anil Ambani-led Reliance Communications (RCom) has reported results for the second quarter ended September 30, 2011.

Reliance Communications reported a net loss of Rs 99.00 crore as compared to net loss of Rs 476.00 crore for the second quarter previous year. Total income of the company decreased by 7.73% to Rs 2851.00 crore for the quarter under review as compared to Rs 3090.00 crore for the same period last year.

Reliance Group, posted a net profit of Rs 252 crore for the quarter under review, lower by 43.5% to Rs 446.00 crore in the same period a year ago. The telecom company’s total operating revenue in the same period declined 4.6% to Rs 4,792 crore.

In a signal that the impact of the tariff war may have peaked out, R-Com managed to sustain an operating profit of Rs 1,605 crore for the September quarter, a marginal sequential increase. As R-Com’s net financial charges came down 44% quarter-on-quarter to Rs 227 crore, it helped the company post a 60.5% sequentially higher net profit for the September quarter.

Turnover from R-Com’s main wireless business rose 2.1% quarter-on-quarter to Rs4,417 crore between July and September.

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