Reliance Communications Q2 Net Profit At Rs 702 Cr

[FEVIN-RAJ 61]

News Update as at 16.00 hrs (IST)

Corporate Results

Reliance Communications Q2 net profit at Rs 702 cr

NEW DELHI: Anil Ambani-led Reliance Communications on Monday posted a net profit at Rs 702 crore for the second quarter ended September 30, 2006, as against a net loss of Rs 19 crore in the previous quarter.

The company's revenues increased by 40 per cent at Rs 3,526 crore, it said in a statement. The EBIDTA stood at Rs 1,353 crore in the second quarter, an increase of 216 per cent.

The EBIDTA margins across the company's three businesses - wireless, global and broadband - increased by 38 per cent in this quarter from 17 per cent recorded in the previous quarter. Reliance Communications added about 3.5 million subscribers during the quarter. - PTI

http://www.thehindubusinessline.com/busine...us/26301306.htm

[vikalp 0]

News Update as at 16.00 hrs (IST)

Corporate Results

Reliance Communications Q2 net profit at Rs 702 cr

NEW DELHI: Anil Ambani-led Reliance Communications on Monday posted a net profit at Rs 702 crore for the second quarter ended September 30, 2006, as against a net loss of Rs 19 crore in the previous quarter.

The company's revenues increased by 40 per cent at Rs 3,526 crore, it said in a statement. The EBIDTA stood at Rs 1,353 crore in the second quarter, an increase of 216 per cent.

The EBIDTA margins across the company's three businesses - wireless, global and broadband - increased by 38 per cent in this quarter from 17 per cent recorded in the previous quarter. Reliance Communications added about 3.5 million subscribers during the quarter. - PTI

http://www.thehindubusinessline.com/busine...us/26301306.htm

a proud moment to be a part of this .......................and proud in contributing to it..................

[prathod 3]

No wonder wrong billing and wrong deduction of prepaid balance increased in the last quarter

http://rel.co.in/REL_Tariff_Booklet.pdf just see this and buy shares of reliance energy your money would be double soon,ofcourse in colabration with reliance loot.

Edited October 30, 2006 by prathod

[FEVIN-RAJ 61]

they will re-think to shift to GSM as... the profits go like this ...

[prathod 3]

Infact they would additionally start gsm services with cdma in place

[FEVIN-RAJ 61]

First year Rcvl net -351 cr loss

second year Rcvl net -51 profit

third year Rcvl net -300 cr profit

now that came in to 700 cr in a Quarter

guess ... the 2006-07 net profit ------- 5000 crs ?

Ambani achieved what they targetd ...

[Breaking News 0]

yeah . u can say that

[prathod 3]

Infact the first year loss was covered by the illegal termination of voip calls,some say that thru the termination reliance made thrice the amount they lost.And maybe it is still going on.

Edited October 30, 2006 by prathod

[Arun 795]

Good time for share holders

Moving to "Reliance Communications" forum...

[spdf 0]

Man..Reliance is sending sms to all the numbers saying they have posted a net profit of 702crores and have added 3.1million customers.. I received it on my prepaid and also on fwp..

[@ksh@T 20]

man ... this is a loot............ they have added 35 million customers in a quarter and that too 95% in prepaid....... .

[Honest 836]

Great job done by Anil Ambani. We must also look at some positive points. I think under his guidance RELIANCE will go on the top.

But Mr. Ambani, please don't forget to surprise good customers with attractive offers and schemes.

Cheers!

[Arun 795]

Anil pushing hard for richest Indian slot

Press Trust of India

Mumbai, Nov. 1

The Indian stock market appears in love with the two Ambani brothers - Mukesh and Anil - evident from their personal wealth and that of their respective groups soaring in terms of market cap, but the younger scion is still lagging.

RIL's market value soared past Rs 1,76,000 crore today, after the company's share price hit a life-time high of Rs 1,268 per share, while taking Mukesh Ambani's net worth to over Rs 74,000 crore based on his holding in three group firms - RIL, RPL and Reliance Industrial Infrastructure Ltd (RIIL).

Based on their net worth derived from stockholdings in their respective group companies, Mukesh and Anil Ambani have become the country's two richest individuals, while pushing IT czar, Azim Premji, to the third slot, based on data available with the stock exchanges.

While Mukesh Ambani has further cemented his leadership position with a sharp jump in the market value of his group's flagship company Reliance Industries (RIL), a scheme of reorganisation in the telecom venture has unlocked significant additional value for Anil Ambani group.

Meanwhile, Anil Ambani's net worth, based on stockholding in four group companies - Reliance Communications, Reliance Capital, Reliance Natural Resources Ltd (RNRL) and Reliance Energy (REL) - and a small stake in RIL has increased to just over Rs 65,000 crore.

The sharp increase in the younger Ambani's net worth follows a surge in Reliance Communications' market value to nearly Rs 80,000 crore, from Rs 42,000 crore a month ago.

Hope he won't push the hell out of Reliance Mobile customers to become the richesh Indian !

Diversified growth to remain cornerstone of Reliance Communications: Anil Ambani

Zee News

Mumbai, Nov 01:

Enthused by Reliance Communications' financial performance, its Chairman Anil Ambani said the diversified nature of the company's business will be the cornerstone of its future growth strategy.

"Our objective of achieving profitable growth remains a key mantra for us," he said at an investors meeting.

The market cap of Reliance Communications, which announced a net profit of Rs 702 crore in the second quarter of 2006-07 yesterday, has crossed Rs 80,000 crore placing the company among the top five private sector companies in India, he said.

Claiming that the company had a subscriber base of 29 million, both CDMA as well as GSM put together, Ambani said Reliance Communications has emerged as one of Asia's top six most valuable telecom companies.

Reliance also operates in the national and international long distance (STD and ISD) space in the country and also has over nine lakh individual consumers overseas.

"We are the only Indian telecom company which has nine lakh retail customers of our own in USA, Canada and Australia," he added. Ambani was addressing the investors' conference after the company announced its second quarter earnings yesterday.

According to Ambani, Reliance Communications serves 750 of the top 1,000 large corporates in India and over 10,000 small and medium businesses including marquee customers such as Yahoo, Google, GE Money, Deutsche Bank, Infosys, Microsoft, Hindustan Lever, P&G and Star TV.

"We offer unique and value-added products and services to large and medium sized corporates, for their communications, networking and IT infrastructure needs across the country," he said.

hmmm... good clientele !

[petar 15]

702 /qtr... what next.... 1000 Crs ?

[FEVIN-RAJ 61]

702 /qtr... what next.... 1000 Crs ?

NO.... Ambani aimes 3000 Crs this year and

nxt year 5000 crs

[abhay 0]

No wonder wrong billing and wrong deduction of prepaid balance increased in the last quarter

http://rel.co.in/REL_Tariff_Booklet.pdf just see this and buy shares of reliance energy your money would be double soon,ofcourse in colabration with reliance loot.

Delhi 'dhobi' fined Rs.18 mn for power theft

A 'dhobi' running a massive laundry establishment with over 70 presses has been fined Rs.18 million (Rs 1.8 crores) for stealing electricity.

Ashok Kumar, whose sprawling establishment is spread over 1,500 m in central Delhi's Shankar Road, was consuming 310 KW of electricity against his sanctioned load of only 6 KW.

The enforcement cell of the BSES, the Anil Ambani owned power-distributing company, came upon the racket during a raid.

'The 'dhobi' Ashok Kumar was found to be running a huge laundry establishment consisting of 70 presses, 20 hydrogen lamps and over 40 bulbs. All this was running on stolen power,' said an official spokesperson of the company.

'While his sanctioned load was only 6 KW, the accused was found to be using nearly 310 KW of electricity - hooked from a nearby line to run his establishment,' he added.

Hotels, restaurants and other dry cleaners in the area were outsourcing their laundry work to Kumar.

BSES officials said they would hear his version too. 'He will be asked to pay the penalty amount within 21 days failing which we may move to court.'

'In both cases, action will be taken against the accused as per the provisions stated in the Indian Electricity Act 2003,' the spokesperson added.

In another dramatic case of power theft, a penalty of Rs.6 million is likely to be levied against a Raja Ram Maurya in Delhi's Ajmeri Gate locality who had given illegal connections to nearly 150 residents in the area.

Authorities said he was found guilty of stealing 210 KW of electricity. He, too, was stealing electricity by hooking from the nearby BSES distribution line.

http://www.indiaenews.com/india/20061103/27383.htm

hehe yeah right with this kind of income REL incomes will triple within few mts time

[linuxguy 0]

awesome!! Gud work ambani!

[abhay 0]

Reliance Comm hits $20-bn market cap

Anil Ambani group company Reliance Communications Ltd, the second largest telecom firm on the bourses, on Friday consolidated its position as its market value rose to more than $20 billion.

In line with the record-breaking rally in stock markets, RCL shares gained more than three percent (Rs 13 a share) to close at an all-time high of Rs 442.05.

The company’s market capitalisation stands at Rs 90,400 crore ($20.19 billion).

A total of about 63 lakh shares changed hands on the bourses on Friday.

Selective buying was witnessed in shares of telecom major Bharti Airtel as well. It could manage a modest gain of 0.43% (Rs 2. 70 each) only, taking the company’s market capitsalisation to Rs 1,20,000 crore ($26.80 billion).

The benchmark BSE Sensex settled 148 points higher at an all-time closing high of 13,844.78 after scaling an intra-day peak of 13,857.81, while NSE’s Nifty surged past the 4,000 level for the first time in history.

http://www.financialexpress.com/fe_full_st...ntent_id=147891