Reliance Communications shares down 14% after company reports September-quarter loss

Reliance Communications shares down 14% after company reports September-quarter loss
Chairman of Anil Dhirubhai Ambani Group Limited, Anil Ambani at a press conference. Image Source: IANS

Reliance Communications Ltd shares fell more than 9 percent in early trade on Monday after the company reported a loss in the September quarter.

Shares in the company were trading at 12.80 rupees by 0359 GMT, down 9.3 percent. It dropped to a low of 12.75 earlier in the session.

Reliance Communications reported a loss after tax of 27.09 billion rupees ($414.76 million) in the July-September quarter versus a profit of 620 million rupees in the same period a year ago.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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