|
RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS
FOR THE FINANCIAL YEAR ENDED MARCH 31, 2008
advertisement
Mumbai, April 30, 2008: Reliance Communications Limited (RCOM) today announced its
audited consolidated financial results for the year ended March 31, 2008.
Summary of Results:
- NET PROFIT UP BY 70.8% TO RS. 5,401 CRORE (US$ 1,350 MILLION)
- REVENUES HIGHER BY 31.8% AT RS. 19,068 CRORE (US$ 4,765 MILLION)
- EBITDA HIGHER BY 43.3% AT RS. 8,199 CRORE (US$ 2,049 MILLION)
- RCOM IS THE MOST PROFITABLE INTEGRATED TELECOM COMPANY IN INDIA
- EBITDA MARGIN EXPANDS FROM 39.5% TO 43.0%, HIGHEST IN INDIA
- BOARD APPROVES 15% DIVIDEND – RCOM REMAINS THE ONLY LISTED TELECOM
- COMPANY IN INDIA TO REWARD 2 MILLION SHAREHOLDERS
- DIVIDEND PAYOUT OF RS. 181 CRORE
- NET WORTH EXPANDS TO RS. 25,643 CRORE (US$ 6.4 BILLION)
- AND NET DEBT-EQUITY RATIO PLACED AT A CONSERVATIVE 0.39 : 1
- AGGRESSIVE NETWORK EXPANSION ACCELERATED WITH RS. 21,204 CRORE
- (US$ 5.3 BILLION) CAPITAL EXPENDITURE DURING THE YEAR
- FY 2008 CAPEX LARGEST IN INDIAN TELECOM SECTOR
- ONLY COMPANY TO HAVE NATIONWIDE GSM & CDMA SERVICES IN INDIA
Highlights of the financial performance for the year are:
- Net Profit of Rs. 5,401 crore (US$ 1,350 million), higher by 70.8% compared to Net
Profit of Rs. 3,164 crore (US$ 717 million) in the last year.
- EBITDA at Rs. 8,199 crore (US$ 2,049 million), growth of 43.3%. EBITDA margin
expands from 39.5% to 43.0% with strong contributions across all businesses –
Wireless, Global and Enterprise
- Revenue growth of 31.8% at Rs. 19,068 crore (US$ 4,765 million) from Rs. 14,468
crore (US$ 3,280 million).
- Return on Net Worth for the year is 33.7% reflecting improved resource utilization.
- Shareholders Equity (Net Worth) increases to Rs. 25,643 crore (US$ 6.4 billion) –
among the top three companies in India
- Conservative capital structure - Net Debt to Equity Ratio maintained at a conservative
level of 0.39:1, despite capex spend of Rs. 21,204 crore (US$ 5.3 billion) during the
year.
Commenting on the results, Mr Anil Dhirubhai Ambani, Chairman, Reliance
Communications Limited, said:
“Reliance Communications had a record year and we are confident of improved
performance in the future.”
About Reliance Communications
Reliance Communications Limited founded by the late Shri. Dhirubhai H Ambani (1932-2002) is the
flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group
currently has a market capitalization of over Rs. 3,00,000 crore (US$ 75 billion), net worth in excess of
Rs. 55,000 crore (US$ 14 billion), cash flows of Rs. 11,000 crore (US$ 2.8 billion), net profit of
Rs. 7,700 crore (US$ 1.9 billion) and zero net debt.
Rated among "Asia's Top 5 Most Valuable Telecom Companies", Reliance Communications is India's
foremost and truly integrated telecommunications service provider. The company, with a customer base
of over 48 million including over 1.5 million individual overseas retail customers, ranks among the Top 10
Asian Telecom companies by number of customers. Reliance Communications’ corporate clientele includes
1850 Indian and multinational corporations, and over 250 global carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),
convergent (voice, data and video) digital network that is capable of supporting best-of-class services
spanning the entire infocomm value chain, covering over 15,000 towns and 400,000 villages. Reliance
Communications owns and operates the world's largest next generation IP enabled connectivity
infrastructure, comprising over 165,000 kilometers of fibre optic cable systems in India, USA, Europe,
Middle East and the Asia Pacific region.
For more details on the Financial results and summary - click here
InvestorIdeas.com Disclaimer: Issuers of press releases are solely responsible for the accuracy of the content.
Would you like to see your news and articles here? GO>>
|
