Reliance Communications Ltd, reported a higher-than-expected 48.5 per cent fall in quarterly profit from a year ago-period that had been aided by one-off gains, even as carriers are benefiting from lower competition and higher call prices.
Reliance Communications, controlled by billionaire Anil Ambani, said consolidated net profit fell to Rs. 156 crore for its fourth quarter ended March 31, from Rs. 303 crore reported a year earlier.That compared with analysts' average estimate of Rs. 215 crore,
Reliance Communications, controlled by billionaire Anil Ambani, said consolidated net profit fell to Rs. 156 crore for its fourth quarter ended March 31, from Rs. 303 crore reported a year earlier.That compared with analysts' average estimate of Rs. 215 crore,