MoneyWorks4Me

RCom declines on reporting consolidated net loss of Rs 342 crore in Q1

19 Jul 2018 Evaluate

Reliance Communications is currently trading at Rs. 12.93, down by 0.15 points or 1.15% from its previous closing of Rs. 13.08 on the BSE.

The scrip opened at Rs. 13.40 and has touched a high and low of Rs. 13.50 and Rs. 12.52 respectively. So far 3892590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 41.77 on 29-Dec-2017 and a 52 week low of Rs. 9.60 on 15-Nov-2017.

Last one week high and low of the scrip stood at Rs. 13.95 and Rs. 11.84 respectively. The current market cap of the company is Rs. 3509.46 crore.

The promoters holding in the company stood at 53.08%, while Institutions and Non-Institutions held 15.42% and 30.68% respectively.

Reliance Communications (RCom) has reported a net loss at Rs 41 crore for the quarter ended June 30, 2018 as compared to net profit of Rs 28 crore for the same quarter in the previous year. Total income of the company decreased by 46.42% at Rs 404 crore for Q1FY19 as compared Rs 754 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 342 crore for the quarter under review as compared to net loss of Rs 1,221 crore for the same quarter in the previous year. Total consolidated income of the company decreased by 26.96% at Rs 1,008 crore for Q1FY19 as compared Rs 1,380 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bharti Airtel 1836.00
Vodafone Idea 14.25
Indus Towers 381.70
Tata Communications 1789.85
Railtel Corp. India 259.15
View more..