Reliance
Communications Limited
NSE Symbol RCOM
The results of RELIANCE COMMINCATIONS for q3 FY 11 ending December, 2010, both stand alone (SA) and consolidated (CS) are analyzed below :
Net Sales on Stand Alone (SA) basis is Rs.2972.29 cr – Down by 3.54% from Q2 FY 11 and down by 1.98% from Q3 FY 10. The same on CS basis is Rs.4824.58 cr – Down by 2.98% from Q2 FY 11; and down by 5.93% from Q3 FY 10.
Total Expenditure on SA Basis is Rs.3522.22 cr –up by 1.93% from Q2 FY 11 and up by 21.63% from Q3 FY 10. The same on CS basis is Rs.4369.84 cr – down by 1% from Q2 FY 11 and up by 0.92% from Q3 FY 10.
Profit / Loss from Operations on SA Basisis Rs.(-)545.38 cr – compared to Rs.(-) 374.01 cr in Q2 FY 11; and Rs (+)161.98 cr in Q3 FY 10. The same on CS Basis is Rs.495.14 cr – compared to Rs.608.88 cr in Q2 FY 11; and Rs.953.38 cr in Q3 FY 10.
Net Profit /Loss on SA Basis is Rs(-)364.94 – compared to Rs(-)476.47 cr in Q2 FY 11 and Rs(-)117.88 cr in Q3 FY 10. Thus, on stand Alone basis, huge losses continue. The same on CS basis is Rs.525.99 cr – compared to Rs.490.58 cr in Q 2 FY 11; and Rs.1164.82 cr in Q3 FY 10. On consolidated basis the profit has come down steeply from corresponding quarter of Q3 FY 10, though, it is slightly up from previous qtr of Q2 FY 11.
Consolidated Net Profit is Rs.480.27 cr – up by 7.7% from Rs.445.92 cr in Q2 FY 11; and down by 56.65% from Rs.1108.01 cr in Q3 FY 10.
Basic EPS on stand alone basis (SA) is : Rs(-)1.77 in Q3 FY 11; Rs(-)2.31 in Q2 FY 11; and Rs(-)0.57 in Q3 FY 11. The same on consolidated basis (CS) is Rs.2.33 in Q3 FY 11; Rs.2.16 in Q2 FY 11; and Rs.5.37 in Q3 FY 10.
RESULTS IN TABLE :
R COM | 31-Dec-10 | 30-Sep-10 | 30-Sep-09 | |||
Net Sales | 297229 | 308153 | 303237 | 482458 | 497259 | 512897 |
Net Sales | 297229 | -3.54 | -1.98 | 482458 | -2.98 | -5.93 |
Other Operating Income | 455 | - | 2552 | 4040 | 5040 | 15460 |
Raw Materials | 94059 | 93749 | 51467 | 94695 | 96050 | 83368 |
Employees Cost | 15965 | 15683 | 16263 | 35584 | 35964 | 36765 |
Depreciation | 39593 | 37078 | 21303 | 103377 | 95528 | 83306 |
Other Expenditure | 202605 | 199044 | 200558 | 203328 | 213869 | 229580 |
Total Expenditure | 352222 | 345554 | 289591 | 436984 | 441411 | 433019 |
Total Expenditure | 352222 | 1.93 | 21.63 | 436984 | -1 | 0.92 |
Profit from Operations | -54538 | -37401 | 16198 | 49514 | 60888 | 95338 |
Profit from Operations | -54538 | 45.82 | -436.7 | 49514 | -18.68 | -48.06 |
Other Income | 11874 | 810 | 311 | 13911 | 9531 | 2620 |
Interest | -6170 | 11056 | 34297 | 12963 | 27970 | -40755 |
Exceptional Items7 | - | - | - | - | - | 2205 |
Profit before tax | -36494 | -47647 | -17788 | 50462 | 42449 | 136508 |
Tax expense | - | - | -6000 | -2137 | -6609 | 20026 |
Net Profit | -36494 | -47647 | -11788 | 52599 | 49058 | 116482 |
Net Profit | -36494 | -23.41 | 209.59 | 52599 | 7.22 | -54.84 |
Minority Interest | 4542 | 4382 | 5605 | |||
Shares of Associates | 30 | 84 | 76 | |||
Consolidated Net Profit | 48027 | 44592 | 110801 | |||
Consolidated Net Profit | 48027 | 7.7 | -56.65 | |||
Face Value (In Rs | 5 | 5 | 5 | 5 | 5 | 5 |
Paid Up Equity | 103201 | 103201 | 103201 | 103201 | 103201 | 103201 |
Basic EPS | -1.77 | -2.31 | -0.57 | 2.33 | 2.16 | 5.37 |
Diluted EPS | -1.77 | -2.31 | -0.55 | 2.23 | 2.07 | 5.15 |
Public Holding (%) | 32.14 | 32.28 | 32.78 | 32.14 | 32.28 | 32.49 |
ANNOUNCEMENTS
TO NSE
17-03-2011 press release dated March 17, 2011, titled "Reliance Communications draws down first tranche of Rs. 3,000 crore (US$ 665 Million) from China Development Bank underwritten facility of Rs. 8,700 crore (US$ 1.93 Billion)".
09-03-2011 press release dated March 09, 2011, titled "China Development Bank signs final documentation for fully underwritten over Rs.8700 crores (US$ 1.93 Billion) loan facility for Reliance Communications (RCom)".
17-02-2011 Reliance Communications Limited had submitted to the Exchange disclosures under Regulation 7(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and Regulation 13(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992. The Company has now submitted to the Exchange the revised disclosure under Regulation 7(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 clarifying that the acquisition of 73,89,000 shares from the open market was made by the Trustees of RCOM ESOS Trust and others during the period from February 5, 2010 and December 21, 2010.
14-02-2011 standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 297229 lacs for quarter ending on 31-DEC-2010 against Rs. 308153 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. (36494) lacs for the quarter ending on 31-DEC-2010 against Rs. (47647) lacs for the quarter ending on 30-SEP-2010.
14-02-2011 consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 482458 lacs for quarter ending on 31-DEC-2010 against Rs. 497259 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 48027 lacs for the quarter ending on 31-DEC-2010 against Rs. 44592 lacs for the quarter ending on 30-SEP-2010.
18-01-2011 press release dated January 18, 2011, titled "Reliance Communications draws down ECB of US$ 255 Mn (Rs 1155Cr) for 3G Spectrum Refinancing".
15-12-2010 Media Release dated December 15, 2010, titled "Reliance Communications signs MoU with China Development Bank Corporation for 10 year Financing of US$ 1.93 Billion (Rs.9,000 crore)".
13-12-2010 a Media Release dated December 13, 2010, titled "Reliance Communications announces launch of 3G Services".
30-11-2010 a Media Release dated November 30, 2010, titled "RCOM statement on the Hon'ble Supreme Court judgement dated November 29, 2010".
13-11-2010 standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 308153 lacs for quarter ending on 30-SEP-2010 against Rs. 304112 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. (47647) lacs for the quarter ending on 30-SEP-2010 against Rs. (49081) lacs for the quarter ending on 30-JUN-2010.
13-11-2010 consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 497259 lacs for quarter ending on 30-SEP-2010 against Rs. 501496 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 44592 lacs for the quarter ending on 30-SEP-2010 against Rs. 25089 lacs for the quarter ending on 30-JUN-2010.
20-08-2010 a press release dated August 20, 2010, titled "RCOM & Nokia join hands for a first-of-its-kind multi-faceted business partnership".
13-08-2010 the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 304112 lacs for quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. (49081) lacs for the quarter ending on 30-JUN-2010.
13-08-2010 consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 501496 lacs for quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 25089 lacs for the quarter ending on 30-JUN-2010.
02-07-2010 Press Release dated July 01, 2010, titled "RCOM Acquires Digicable, India's No.1 Cable TV Service Provider Combined Entity Comprising RCOM DTH and Digicable To be Named "Reliance Digicom".
28-06-2010 Press Release dated June 27, 2010, titled "RCOM and GTL Infra Agree on over Rs.50,000 crore (Over US$ 11 Billion) Deal, For World's Largest Independent Telecom Infrastructure Company".
14-06-2010 Press Release dated June 14, 2010, titled "RCOM approves transformational proposal to restructure Reliance Infratel and create world's largest independent telecom infrastructure company".
07-06-2010 a media release dated June 06, 2010, titled "The Board of Directors of Reliance Communications Limited has approved in-principle the induction of strategic / private equity investors into the Company for an upto 26% equity stake at an appropriate premium to the prevailing market price, and also to examine and pursue other appropriate strategic combination / consolidation opportunities".
02-06-2010 News Verification : The media had reports that UAE-based telecom major Etisalat may buy a 25% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Communications Limited has vide its letter inter-alia stated, "The Company has been receiving various proposals from time to time from reputed International Telecom companies expressing interest in acquiring a strategic equity stake in RCOM. The Company evaluates such proposals, in line with the Company's policy to constantly endeavor to enhance overall shareholder value. The Company will comply with all its obligations including timely disclosures, at the appropriate time."
17-05-2010 Board of Directors of the Company at its meeting held on May 15, 2010 have recommended a dividend of Re. 0.85 per equity share of Rs. 5 each i.e. 17% for the financial year 2009-10, subject to approvals of the shareholders at the ensuing Annual General Meeting.
17-05-2010 standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1208098 lacs for year ending on 31-MAR-2010 against Rs. 1258379 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 47893 lacs for the year ending on 31-MAR-2010 against Rs. 480265 lacs for the year ending on 31-MAR-2009.
17-05-2010 consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2068505 lacs for year ending on 31-MAR-2010 against Rs. 2074292 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 465500 lacs for the year ending on 31-MAR-2010 against Rs. 604493 lacs for the year ending on 31-MAR-2009.
06-05-2010 media release dated May 06, 2010, titled "Reliance Communications breaks away from tariff metering tradition of Indian telecom industry".
15-03-2010 media release dated March 15, 2010, titled "Reliance Communications achieves a landmark of 100 Million Customers".
WHAT COMPANY REPORT SAYS :
On 13th December 2010, RCOM became the first operator to offer 3G services to customers in top 3 metro circles namely Mumbai, Delhi & Kolkata, and in Chandigarh. RCOM rolled-out 3G services in a record time of 100 days of receiving 3G spectrum in the above said metros, once again demonstrating its all round execution and innovation capabilities.
Earlier, we had been awarded 3G spectrum in 13 out of 22 circles, at a price of Rs.
85,850 million. We are among the only 3 operators who won in 13 circles, the highest circle coverage for any existing player. We won in all the 3 metros namely Mumbai, Delhi and Kolkata and in also all those circles in which we are GSM incumbents. We are in talks with like-minded operators to offer nation-wide 3G services to our subscribers
Reliance Mobile has been rated as "India's Most Trusted Service Brand" amongst all
service brand categories in the most reputed pan-India consumer survey conducted by "The Economic Times".
We launched nationwide satellite TV services on 19th August, 2008 under our wholly owned subsidiary Reliance Big TV Limited. These services are available on the Direct To Home (DTH) format to consumers in India. Reliance Big TV uses state-of-the-art MPEG 4 technology to deliver over 250 broadcast channels and over 20 exclusive movie channels to its subscribers. We will also deliver high definition content and Dolby digital voice quality to our viewers on this platform to create a highly personalized video experience.
Reliance Big TV is available at more than 100,000 outlets across 6,500 towns in the country. The retail and distribution reach, as well as other elements of infrastructure established for our wireless network, have been leveraged to expand our DTH presence.
Reliance Big TV currently has 3.3 million subscribers, with 11% share of the DTH market in India. We launched India's first High definition cum Advanced Digital Video recorder (HD DVR). This is a world class product offering 200 hrs of recording, trick play functions & universal remote for operating three devices.
Principal Operating Companies
Reliance Communications Limited is the Flagship company and is also the holding company for the other major operating companies in the Group. Reliance Communications provides wireless, wireline, broadband, and long distance services in India and overseas. Its major assets are the wireless network, transmission networks used in its business, and the contact centres. Following the recent roll-out of our GSM network, we now provide CDMA based wireless Services in 20 Circles and GSM based wireless services in 14 Circles.
Reliance Globalcom Limited (“RGL”) which was earlier known as FLAG Telecom Group Ltd, is a subsidiary of Reliance Communications. RGL encompassing Enterprise Services, Capacity Sales, Managed Services and a highly successful bouquet of Retail products & services comprising of Global Voice, Internet Solutions and Value Added Services. Its major assets are the FLAG Atlantic, FLAG North Asia Loop, FLAG Europe Asia and FALCON submarine cable systems.
Reliance Telecom Limited (“RTL”) is a wholly owned subsidiary of Reliance Communications. RTL provides GSM-based wireless services in 8 service areas, and owns the GSM wireless networks in its service areas. We have received requisite Government approvals and spectrum to roll-out CDMA services in additional 2 Circles.
Reliance Communications Infrastructure Limited (“RCIL”) is a wholly owned subsidiary of Reliance Communications. RCIL provides wireless multimedia (Reliance Mobile World) and internet access (Reliance Netconnect) services to customers of Reliance Communications.
Reliance Infratel Limited owns, operates, and develops telecom infrastructure, primarily consisting of wireless communication sites and towers. It currently owns all of the towers used by Reliance Communications’ CDMA and GSM wireless networks and is developing additional towers to meet the needs of Reliance Communications and other customers. Reliance Infratel is currently a subsidiary of Reliance Communications through RCIL.
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