Date:01/11/2007 URL: http://www.thehindubusinessline.com/2007/11/01/stories/2007110150920400.htm

RCom net jumps 73.5% on healthy biz growth

Our Bureau

Mumbai, Oct. 31 Healthy growth across key business areas has enabled the Anil Ambani controlled Reliance Communications to post a 73.5 per cent rise in standalone net profit for the quarter ended September 30.

The company has reported a net profit of Rs 801.24 crore for the quarter compared with Rs 461.72 crore recorded in the corresponding period a year ago. Total income has increased by 17.2 per cent to Rs 3,329.21 crore (Rs 2,838.72 crore).

Broadband business, which achieved a revenue growth of 61 per cent to Rs 437 crore, grew fastest on a year-on-year basis. New orders booked by the business during the quarter grew by 27 per cent over the preceding quarter, said a news release from the company.

On a consolidated basis, the net profit has jumped by 85.7 per cent to Rs 1,304.57 crore (Rs 702.34 crore) while net revenues climbed to Rs 4,578.53 crore (Rs 3,525.98 crore).

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