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Reliance Communications’ consolidated net loss narrows to Rs 1518 crore in Q4

28 Jun 2021 Evaluate

Reliance Communications has reported results for fourth quarter and year ended March 31, 2021.

The company has reported net loss at Rs 46 crore for the quarter under review as compared to net loss at Rs 1254 crore for the same quarter in the previous year. Total income of the company decreased by 34.62% at Rs 102 crore for Q4FY21 as compared Rs 156 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to equityholders at Rs 1518 crore for the quarter under review as compared to net loss of Rs 1549 crore for the same quarter in the previous year. Total income of the company decreased by 36.33% at Rs 191 crore for Q4FY21 as compared Rs 300 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported net loss at Rs 252 crore as compared to net loss at Rs 16,863 crore for the previous year. Total income of the company decreased by 40.95% at Rs 483 crore for year under review as compared to Rs 818 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss attributable to equityholders at Rs 5791 crore as compared to net loss of Rs 42671 crore for the previous year. Total income of the company decreased by 55.08% at Rs 779 crore for year under review as compared to Rs 1,734 crore for year ended March 31, 2020.

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