On Monday, the Reliance Communications has posted a decrease of 80 percent in its consolidated net profit at Rs 39 crore in the second quarter ended September 30, 2016 on account of pressure on margin and higher finance cost.

The company had registered a net profit of Rs 195 crore during the same period in previous year.

RCom has said in a statement, “Results for quarter impacted by increase in competitive intensity, migration of CDMA customers to 4G LTE and seasonality factors.”

Company’s finance cost has increased by 15 percent to Rs 825 crore from Rs 717 crore during the period under review.

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