MUMBAI (Reuters) - Reliance Communications Ltd shares fell more than 9 percent in early trade on Monday after the company reported a loss in the September quarter.
Shares in the company were trading at 12.80 rupees by 0359 GMT, down 9.3 percent. It dropped to a low of 12.75 earlier in the session.
Reliance Communications reported a loss after tax of 27.09 billion rupees ($414.76 million) in the July-September quarter versus a profit of 620 million rupees in the same period a year ago.
($1 = 65.3150 Indian rupees)
(Reporting by Swati Bhat; Editing by Gopakumar Warrier)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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