Q2 results - Reliance, Subex, Sasken

Posted on | October 31, 2006 |

Reliance Communications reported a net profit of Rs 702 crore for the second quarter of FY 2006-07, as against a loss of Rs 19 crore in the year-ago period. The company saw 40% revenue growth at Rs 3,526 crore.

The EBITDA, at Rs 1,353 crore, marks a growth of 216% over the corresponding quarter last year, while EBITDA margin expanded to 38% from 17% during the period.

RCL added 3.5m wireless customers (net) during the second fiscal quarter, more than double the net additions of 1.6m in the corresponding period last year. Revenues of the wireless business increased 44.7% from Rs 1,778 crore to Rs 2,574 crore. Its quarterly capex for the wireless business was Rs 1,499 crore, while the per minute revenue was maintained at 77 paise.

Its market capitalisation has reached over Rs 80,000 crore, while that of its nearest rival, Bharti Airtel, stood at nearly Rs 1,02,700 crore on October 30.

Subex Azure has reported its consolidated profit for the second quarter ended 30 September 2006 at Rs 17.1 crore, up 356% from Rs 3.7 crore in Q1.

Net consolidated revenue was at Rs 103.1 crore, up 137% from Rs 43.4 crore in Q1. Product revenue was at Rs 74.1 crore in the current quarter, up 252% from Rs 21 crore in the last quarter.

Subex Azure is a provider of revenue maximisation solutions for telecom operators. It acquired UK based Azure, the largest player in the revenue assurance space in May this year.

Sasken Communication Technologies has reported a consolidated Profit-After-Tax for Q2 of Rs 11.88 crore, up 37% QoQ. Its consolidated revenues for Q2, are Rs 117.55 crore, up 29% QoQ.

Sasken recently acquired Finland based wireless R&D and testing services company Botnia Hightech Oy for Euro 35.5 million. The total employee strength was 3,373 and total customers are 53 as on 30 September 2006.

Sasken is an embedded telecom solutions company that helps businesses across the telecom value chain accelerate their product development life cycles. Sasken works with terminal device manufacturers, network equipment manufacturers, semiconductor vendors and network operators.

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