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RCOM’s Q4 consolidated revenues at Rs 4,524 cr

Posted By: Doraiah Vundavally May 27, 2017

RCOM's Q4 consolidated revenues at Rs 4,524 crMumbai, May 27 (IANS) Reliance Communications' consolidated revenues for the fourth quarter of 2016-17 stood at Rs 4,524 crore, down 8.1 per cent, a company statement said here on Saturday.

The earnings before interest, tax, depreciation and amortization (EBITDA) margin declined to 24 per cent, compared to 24.5 per cent in the quarter before, the statement said.

The statement said Indian telecom industry is severely impacted in 2016-17 owing to free offers, disruptive pricing and hyper competition.

 

"Steep declines in profitability and/or net losses have been reported for the past two quarters by all telecom operators in the country without exception, and a couple of operators have shut down their entire operations in the country," it added.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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RCOM's Q4 consolidated revenues at Rs 4,524 cr

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.