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Reliance Comm Q2 profit seen up 3%, deleveraging plan eyed

Analysts don't expect any operational improvement. Focus is on its deleveraging plans as Reliance Communications is going to acquire Sistema Shyam Teleservices (SSTL) without assuming ex-spectrum debt on SSTL‘s books in stock deal.

November 05, 2015 / 02:56 PM IST
 
 
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Moneycontrol Bureau


Telecom services provider Reliance Communications' July-September quarter earnings are expected to be muted. Profit is seen rising 2.8 percent sequentially to Rs 182 crore and revenue may increase 0.1 percent to Rs 5,500 crore during the quarter, according to analysts polled by CNBC-TV18. Earnings will be announced on November 6.


Operating profit is likely to rise half a percent to Rs 1,837 crore and margin may expand 10 basis points to 33.4 percent in quarter gone by.


Analysts don't expect any operational improvement. Focus is on its deleveraging plans as Reliance Communications is going to acquire Sistema Shyam Teleservices (SSTL) without assuming ex-spectrum debt on SSTL’s books in stock deal.

After this deal, SSTL shareholders will own 10 percent of Reliance Communications' diluted share capital.

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first published: Nov 5, 2015 02:56 pm

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