Reliance Comm Q1 net profit up 8.3% on high users

Reliance Comm Q1 net profit up 8.3% on high users
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First Published: Fri, Jul 31 2009. 05 31 PM IST
Updated: Fri, Jul 31 2009. 05 31 PM IST
New Delhi: Reliance Communications, India’s second-biggest mobile phone operator, posted a 8.3% rise in quarterly profit on Friday on higher users.
Reliance communications said its net profit rose to Rs1,637 crore ($340 million) in its fiscal first quarter ended June, from 1,512 crore in the same period last year.
Analysts polled by Reuters had on average expected net profit to fall to 1,337 crore for the Mumbai-based firm, which trails market leader Bharti Airtel in subscribers.
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First Published: Fri, Jul 31 2009. 05 31 PM IST