RCom's pre-tax loss widens to Rs 9,091 crore; income slips to Rs 263 crore
It also widened its consolidated loss to Rs 10,598 crore for the third quarter, against a loss of Rs 238 crore in the same period a year ago
 "RCom's pre-tax loss widens to Rs 9,091 crore; income slips to Rs 263 crore")
premium
Reliance Communications (RCom), which is undergoing insolvency proceedings, on Friday reported pre-tax loss of Rs 9,091 crore in the December quarter, as against a loss of Rs 109 crore in the year-ago period.
It also widened its consolidated loss to Rs 10,598 crore for the third quarter, against a loss of Rs 238 crore in the same period a year ago.
According to a note by its auditors, RCom’s loss for the quarter would have been higher by Rs 1,271 crore had it provided for interest and foreign exchange variation.
The total income of Reliance Communication slipped to Rs 263 crore during the quarter, from Rs 1,083 crore in the same quarter of 2018-19.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%