Skip to main content

Posts

Showing posts with the label 709 crore

Reliance Communications Q2 consolidated loss at Rs2,709 crore

Reliance Communications, which is on the verge of shutting its voice call service, witnessed a decline in revenue from its both India and global operations. Photo: Hemant Mishra/Mint New Delhi:  Debt-laden telecom operator Reliance Communications Ltd (RCom) on Saturday posted a consolidated loss of Rs2,709 crore in the quarter ended September. The company had registered a profit of Rs62 crore in the same period a year ago. This is the fourth straight quarter of loss for the company. Total income of the Anil Ambani-led firm declined by 48% to Rs2,667 crore in the reported quarter from Rs5,142 crore in the corresponding period of the previous fiscal. RCom, which is on the verge of shutting its voice call service, witnessed a decline in revenue from its both India and global operations. The India operations of the company recorded a loss before tax and financial cost of Rs1,669 crore as compared to profit of Rs611 crore during the same period a year ago. The finance cost...