Reliance Communications registers 40% growth in Q4 net profit

Reliance Communications has reported results for the quarter and year ended March 31, 2012.

The company’s net profit for the fourth quarter ended March 31, 2012 rose by 39.83% to Rs 804.00 crore as compared to Rs 575.00 crore for the quarter ended March 31, 2011. However, total income has decreased by 16.47% to Rs 2840.00 crore for the quarter under review from Rs 3400.00 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company has reported a net profit of Rs 156.00 crore as compared to a net loss of Rs 758.00 crore for the previous year. However, the company’s total income has decreased by 10.68% to Rs 11863.00 crore for the year from Rs 13282.00 crore in the previous year.

On consolidated basis, the Group’s net profit after taxes, minority interest and share of associates stood at Rs 928.00 crore for the year under review as compared to Rs 1345.00 crore for the period ago, down by 31%. Its total income has declined by 12.03% to Rs 20382.00 crore for the year ended March 31, 2012 from Rs 23169.00 crore in the previous year.