Anil Ambani-led Reliance Communications on Monday posted a net profit at Rs 702 crore (Rs 7.02 billion) for the second quarter ended September 30, 2006, as against a net loss of Rs 19 crore (Rs 190 million) in the previous quarter.
The company's revenues increased by 40 per cent at Rs 3,526 crore (Rs 35.26 billion), it said in a statement. The EBIDTA stood at Rs 1,353 crore (Rs 13.53 billion) in the second quarter, an increase of 216 per cent.
The EBIDTA margins across the company's three businesses -- wireless, global and broadband -- increased by 38 per cent in this quarter from 17 per cent recorded in the previous quarter.
Reliance Communications added about 3.5 million subscribers during the quarter.