Reliance Communications PAT seen down 54% QoQ at Rs 152 cr

NEW DELHI: Reliance Communications Ltd will announce its quarterly results today. The company is expected to post a net profit of Rs 152.45 crore for the quarter ended June 2012 against a net profit of Rs 332 crore in the previous quarter (QoQ), according to an ET Now estimates.

Revenues are expected to have marginally grown to Rs 5,340.05 crore in the first quarter from Rs 5,310 crore in the previous quarter.

Earnings before interest, taxes, depreciation and amortization ( EBITDA) are expected to rise by 2.3 per cent to Rs 1,670 crore against Rs 1,632 crore in the previous quarter.

Anil Ambani-led Reliance Group planned to seek shareholders' nod to raise funds, estimated at about Rs 15,000 crore at current valuations, through equity dilution of up to 25 per cent in four companies.

“The companies include Reliance Communications, Reliance Power, Reliance Infrastructure and Reliance Capital and the shareholders' approval to enabling provisions for raising funds from institutional investors would be sought at the annual general meetings of these firms next month,” PTI reported.

Things to watch out for in Q1 results:

Net profit decline expected as Q4 has a tax reversal

Expect 2.9 per cent growth in traffic minutes in mobile services

Revenue per minute (RPM) is expected to decline to 43.2p vs 43.6p

MOUs to improve to 230 mins vs 227 mins

Average revenue per use (ARPUs) to be higher by 0.5 per cent at Rs 100

EBIDTA margin to improve 50 bps to 31.3%

RPM trajectory

Response to 3G services

Deleveraging plan post Flag issue failure