Reliance Communications Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||29.4|||
|Net Profit (adjusted)||61||[69.8]|
Reliance communication Ltd Q2FY17 result beats EBITDA and net profit estimates of the market. EBITDA stood at Rs 1,500 cr vs. analyst expectation of Rs 692 cr. PAT was Rs 61 cr vs. the poll of Rs. -21 cr. However, revenue stood at Rs 5,100 vs. market estimate of Rs 5,331.
The consolidated revenue of the company declined 4.3% to Rs 5,100 cr yoy. This was led by decline in revenue of voice business in domestic business.
EBITDA declined 15% yoy to Rs 1,500 cr due increase in access charges. The EBITDA margin stood at 29.4% vs. 33% in the corresponding quarter of previous year.
The consolidated net profit declined 69% yoy to Rs 61 cr against Rs 202 cr in Q2FY16 due to increase in finance cost and fall in operating profit.
Reliance Communications Ltd is currently trading at Rs. 40.55, down by 1.3 points or 3.11% from its previous closing of Rs. 41.85 on the BSE.
The scrip opened at Rs. 41.25 and has touched a high and low of Rs. 41.7 and Rs. 40.15 respectively. So far 7203390(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
BSE 34.50 [0.20] ([0.58]%)
NSE 34.40 [0.40] ([1.15]%)
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