Reliance Communications profits rise 300 percent in 2012-13

New Delhi  :  Reliance Communications Friday said its net profit surged almost 300 percent to Rs.624 crore in fiscal 2012-13.

The company posted a net profit of Rs.624 crore for the year ended March 31, 2013 as compared to Rs.156 crore for the year ended March 31, 2012.

Total income increased from Rs.11,863 crore for the year ended March 31, 2012 to Rs.12,820 crore for the year ended March 31, 2013.

Reliance Communications share price rose 0.55 percent to Rs.110.30 at the Bombay Stock Exchange.