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RCom Reports Rs 130 Crore Net Loss in Q3

Reliance Communications (RCom) has reported Rs 130 crore net loss for the October–December quarter against Rs 2712 crore net loss in the previous quarter. The telco said that its planned exit from consumer business results in a sharp drop in the net quarterly loss by over 95 percent.

The company’s new business portfolio reported consolidated revenues of Rs 1176 crore and EBITDA of Rs 252 crore. The EBITDA margin was at 21.4 percent. Indian operations’ revenues and EBITDA stood at Rs 596 crore and Rs 95 crore respectively; while global business contributed revenues and EBITDA of Rs 709 crore and Rs 157 crore, respectively. The telco’s new business portfolio comprises Business to Business (B2B) businesses namely Global and Indian enterprise, Internet data centers (IDC), global submarine cable network, and international long-distance voice with ~40,000 global and Indian customers.

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