Published on 28/05/2019 10:54:18 AM | Source: Dion Global Solutions Ltd

Reliance Com posts Q4 net loss of Rs 3582.00 cr

Now Get news on WhatsAppClick Here To Know More

The company reported standalone net loss during the quarter stood at Rs 3582.00 crore as compared to net loss of Rs 6886.00 crore in the previous year quarter. Net revenue of the company declined substantially by 26.29 per cent at Rs 300.00 crore in January-March quarter of this fiscal as against Rs 407.00 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 5.51 per cent to Rs 360.00 crore from Rs 381.00 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 61.00 crore versus (Mar'18 Rs 0.00 crore). Operating Profit slipped by 330.77 per cent to Rs -60.00 crore as against Rs 26.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 412.99 per cent in March quarter. Taxation increased by 4800.00 per cent at Rs 1,470.00 crore (Mar'18 Rs 30.00 crore).