Anil Ambani led Reliance Communications (RCom), one of the leading telecom operators in India, disclosed a sharp rise in consolidated net profit for the quarter ended December 2014.
During the quarter, the profit of the company rose 86.11% to Rs 2,010 million from Rs 1,080 million in the same quarter last year.
Net sales for the quarter rose marginally 1.22% to Rs 54,690 million, compared with Rs 54,030 million for the prior year period.
Shares of the company gained Rs 3.35, or 4.65%, to trade at Rs 75.40. The total volume of shares traded was 692,251 at the BSE (11.52 a.m., Monday).