Reliance Communications Q1 net jumps 34% at Rs 177 cr

Reliance Communications today reported a 34 per cent jump in its net profit at Rs 177 crore for the quarter ended June 30 on the back of growth in data.

The company had reported a net profit of Rs 132 crore in the corresponding period of the last fiscal, it said in a filing to BSE.

Total income of the company rose to Rs 5,493 crore for the reported quarter as compared to Rs 5,354 crore last year.

The company said its total data traffic grew 68 per cent year-on-year to 92.8 billion MB mainly due to increase in data subscribers and higher data usage per customer.

The total data customer base has grown 23.8 per cent y-o-y to 35.4 million including 17.9 million 3G customers, the filing added.

The average revenue per user (ARPU) stood at Rs 140 while the average revenue per minute was 44.5 paisa.

The company said on May 6, 2015, it issued senior secured notes of USD 300 million bearing 6.5 per cent interest.