Reliance Communications Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 940 million compared to INR 1,200 million a year ago. Revenue was INR 1,020 million compared to INR 1,220 million a year ago. Net loss was INR 20,600 million compared to INR 90,140 million a year ago. Basic loss per share from continuing operations was INR 0.13 compared to INR 0.15 a year ago. Diluted loss per share from continuing operations was INR 0.13 compared to INR 0.15 a year ago. Basic loss per share was INR 0.98 compared to basic earnings per share of INR 0.19 a year ago. Diluted loss per share was INR 0.98 compared to diluted earnings per share of INR 0.19 a year ago.
For the nine months, sales was INR 2,900 million compared to INR 3,680 million a year ago. Revenue was INR 3,500 million compared to INR 3,820 million a year ago. Net loss was INR 50,860 million compared to INR 126,170 million a year ago. Basic loss per share from continuing operations was INR 0.33 compared to INR 0.63 a year ago. Diluted loss per share from continuing operations was INR 0.33 compared to INR 0.63 a year ago. Basic loss per share was INR 2.89 compared to INR 1.91 a year ago. Diluted loss per share was INR 2.89 compared to INR 1.91 a year ago.