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24-Jan2019

Reliance Communications gains despite reporting consolidated net loss of 238 crore in Q3

Reliance Communications is currently trading at Rs. 13.07, up by 0.13 points or 1.00% from its previous closing of Rs. 12.94 on the BSE.

The scrip opened at Rs. 12.75 and has touched a high and low of Rs. 13.17 and Rs. 12.68 respectively. So far 1958967 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 32.40 on 30-Jan-2018 and a 52 week low of Rs. 9.55 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 13.80 and Rs. 12.68 respectively. The current market cap of the company is Rs. 3622.85 crore.

The promoters holding in the company stood at 53.08%, while Institutions and Non-Institutions held 15.60% and 31.32% respectively.

Reliance Communications has reported net loss of Rs 78.00 crore for the quarter ended December 31, 2018 against net profit of Rs 48.00 crore for the same quarter in the previous year. Total income of the company decreased by 31.39% at Rs 341.00 crore for Q3FY19 as compared Rs 497.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 238.00 crore for the quarter ended December 31, 2018 against net loss of Rs 130.00 crore for the same quarter in the previous year. Total income of the company decreased by 7.91% at Rs 1,083.00 crore for Q3FY19 as compared Rs 1,176.00 crore for the corresponding quarter previous year.


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