DSP ML sees Reliance Comm’s Jul-Sep net at Rs 615.4cr

93495 Investors following Reliance Comm. Share this News with them.

0

Like this story, share it with millions of investors on M3

DSP ML sees Reliance Comm’s Jul-Sep net at Rs 615.4cr

Broking house, DSP Merrill Lynch expects that Reliance Communications is to post net profit of Rs 615.4 crore and net sales of Rs 3536.5 crore in the quarter ended July-September, 2006.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ News and Notices about Reliance Comm See interviews with Reliance Comm Management See what other Experts & Brokerages are saying about Reliance Comm See previous Results of Reliance Comm Reliance Comm BSE | NSE 25/05/12 Are Mutual Funds betting on Reliance Comm?

Broking house, DSP Merrill Lynch expects that Reliance Communications is to post net profit of Rs 615.4 crore (Rs 6.15 billion), up 16.6% and net sales of Rs 3536.5 crore (Rs 35.36 billion), up Rs 8.8% in the quarter ended July-September, 2006 QoQ.

DSP Merrill Lynch report on Reliance Communications:

Their report says, "For Reliance Communication, RCom we forecast 2Q FY07E net profit at Rs 6.15 billion, versus a loss of Rs 190 million in 2Q FY06; QoQ profit growth will be ~17%. Stronger QoQ profit growth versus Bharti reflects our expectation of stronger topline in RCom's non-wireless businesses. In the mobility business, we expect RCom's ARPU and margins to broadly mirror the trend forecast for Bharti."