Anil Ambani led Reliance Communications (RCom), one of the leading telecom operators in India, witnessed a rise in share price on Monday after it 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 are trading at Rs 75.30, up Rs 3.25, or 4.51% at the Bombay Stock Exchange (BSE) on Monday at 11:53 a.m.

The scrip has touched an intra-day high of Rs 75.65 and low of Rs 73.50. The total volume of shares traded at the BSE is 720,052.