Reliance Communications’ net profit halved to Rs 740 crore for the second quarter ended September against Rs 1,531 crore for the same period a year ago.
The company said that revenue and margins were impacted by high competition, aggressive industry-wide tariff restructuring, as well as higher network and operational costs owing to its nationwide GSM rollout.
Its net income marginally declined to Rs 5,496 crore from Rs 5,536 crore for the corresponding quarter last year despite the customer base growing 53 per cent to 92 million, as average revenue per user fell to Rs 161 from Rs 210 a year ago.
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