Reliance Communications shares tank over 14% after Rs 2,709 cr net loss in Jul-Sep quarter

New Delhi: Shares of Reliance Communications on Monday tumbled over 14 percent after the company posted a consolidated loss of Rs 2,709 crore in the second quarter ended September.

The stock slumped 13.87 percent to Rs 12.10 -- its 52-week low -- on the BSE.

Reliance Communications. Reuters.

Reliance Communications. Reuters.

At the NSE, it tanked 14.23 percent to hit its one-year low of Rs 12.05.

Debt-laden telecom operator Reliance Communications on Saturday reported a consolidated loss of Rs 2,709 crore in the second quarter to September 2017.

The company had registered a profit of Rs 62 crore in the same period a year ago.

This is the fourth straight quarter of loss for the company.

Total income of the firm declined by 48 percent to Rs 2,667 crore in the reported quarter, from Rs 5,142 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.

Updated Date: Nov 13, 2017 14:02 PM

Also Watch

It's A Wrap: Omerta star Rajkummar Rao in conversation with Parul Sharma
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Thursday, April 19, 2018 Watch: National-level skater and coach Dhwanit Rele trains and nurtures budding athletes
  • Monday, May 14, 2018 FOMO Episode 1: Google Assistant, This is America, Sonam's wedding & Global Warming
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See