Profit

RCom Shares Slump After Company Reports September-Quarter Loss

RCom reported a loss after tax of Rs 2,709 crore in the July-September quarter versus a profit of Rs 62 crore in the same period a year ago.

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RCom Shares Slump After Company Reports September-Quarter Loss

RCom reported a loss after tax of Rs 2,709 crore in the July-September quarter


Reliance Communications (RCom) shares fell more than 9 per cent in early trade on Monday after the company reported a loss in the September quarter.

Shares in the company were trading at Rs 12.80 in recent trade, down 9.3 percent. It dropped to a low of Rs 12.75 earlier in the session.

Reliance Communications reported a loss after tax of Rs 2,709 crore in the July-September quarter versus a profit of Rs 62 crore in the same period a year ago.
 
© Thomson Reuters 2017


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