Reliance Communications lost 1.84% to Rs 123 at 11:05 IST on BSE after consolidated net profit rose 2.7% to Rs 108 crore on 1.9% growth in revenue to Rs 5403 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Friday, 7 February 2014.
Meanwhile, the S&P BSE Sensex was up 1.29 points or 0.01% at 20,377.85.
On BSE, so far 3.09 lakh shares were traded in the counter as against average daily volume of 12.48 lakh shares in the past one quarter.
The stock hit a high of Rs 123.80 and a low of Rs 121.05 so far during the day. The stock had hit a 52-week low of Rs 50.25 on 26 March 2013. The stock had hit a 52-week high of Rs 164.45 on 20 September 2013.
The stock had underperformed the market over the past one month till 7 February 2014, sliding 3.32% compared with the Sensex's 1.53% fall. The scrip had also underperformed the market in past one quarter, declining 10.47% as against Sensex's 2.14% fall.
The large-cap company has equity capital of Rs 1032.01 crore. Face value per share is Rs 5.
Reliance Communications (RCom)'s consolidated EBITDA rose 11.6% to Rs 1845 crore in Q3 December 2013 over Q3 December 2012. EBITDA margin stood at 34.2% in Q3 December 2013 with strong contribution from both India and Global businesses, the company said in a statement.
Revenue from India operations rose 3.2% to Rs 4637 crore in Q3 December 2013 over Q3 December 2012. EBITDA rose 15% to Rs 1606 crore.
Revenue from Global operations declined 8.3% to Rs 1090 crore in Q3 December 2013 over Q3 December 2012. EBITDA fell 6.6% to Rs 239 crore. EBITDA margin stood at 21.9% in Q3 December 2013.
RCom said it has generated operational cash flow (EBITDA) of Rs 1845 crore during the quarter, paid net finance charges of Rs 749 crore and invested Rs 327 crore on capex in Q3 December 2013. It remains free cash flow (FCF) positive and this is expected to continue, the company said in a statement.
RCom is an integrated telecommunications service provider. The company, with a customer base of about 126 million including over 2.5 million individual overseas retail customers, ranks among the Top 7 Telecom companies in the world by number of customers in a single country. RCom's corporate clientele includes over 39,000 Indian and multinational corporations including small and medium enterprises and over 830 global, regional and domestic carriers.
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