 "Reliance Communications Chairman Anil Ambani")
Anil Ambani-promoted Reliance Infrastructure reported a net loss of Rs 3,301 crore for the quarter ended March 2019 compared with a net profit of Rs 134 crore in the corresponding period last year. The firm's auditors said they were unable to give an audit opinion on the annual results and also raised doubts about the company and some of its subsidiaries' ability to continue as a going concern.
The company took a one-time hit on exceptional expenses of Rs 8,481 crore, which was offset by a withdrawal of Rs 6,616 crore from general reserves and credited to the profit and loss
