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Reliance Communications reports consolidated net loss of Rs 1374 crore in Q2

16 Nov 2019 Evaluate

Reliance Communications has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 2733 crore for the quarter under review against net profit of Rs 6798 crore for the same quarter in the previous year. Total income of the company decreased by 37.33% at Rs 225 crore for Q2FY20 as compared Rs 359 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 1374 crore for the quarter under review as against net profit of Rs 1306 crore for the same quarter in the previous year. Total income of the company decreased by 69.92% at Rs 305 crore for Q2FY20 as compared Rs 1014 crore for the corresponding quarter previous year.


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