Reliance Communications’ consolidated net loss narrows to Rs 1446 crore in Q3

Reliance Communications Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532712 | NSE: RCOM

16 Feb 2021 Evaluate

Reliance Communications has reported results for third quarter ended December 31, 2020.

The company has reported net loss at Rs 41 crore for the quarter under review as compared to net loss at Rs 12769 crore for the same quarter in the previous year. Total income of the company decreased by 44.28% at Rs 112 crore for Q3FY21 as compared Rs 201 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to equityholders at Rs 1446 crore for the quarter under review as compared to net loss of Rs 10598 crore for the same quarter in the previous year. Total income of the company decreased by 33.84% at Rs 174 crore for Q3FY21 as compared Rs 263 crore for the corresponding quarter previous year.

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