Reliance Communications today reported a 34 percent jump in its net profit at Rs 177 crore for the quarter ended June 30 on the back of growth in data. Also Read - RCom to go for insolvency resolution process after failure to repay debt
The company had reported a net profit of Rs 132 crore in the corresponding period of the last fiscal, it said in a filing to BSE. Total income of the company rose to Rs 5,493 crore for the reported quarter as compared to Rs 5,354 crore last year. Also Read - Reliance Communications completes sale of fibre assets to Reliance Jio
The company said its total data traffic grew 68 percent year-on-year to 92.8 billion MB mainly due to increase in data subscribers and higher data usage per customer. The total data customer base has grown 23.8 percent y-o-y to 35.4 million including 17.9 million 3G customers, the filing added. Also Read - Reliance Communications is selling more bands to Jio to put off debts
The average revenue per user (ARPU) stood at Rs 140 while the average revenue per minute was 44.5 paisa. The company said on May 6, 2015, it issued senior secured notes of $300 million bearing 6.5 percent interest.