Reliance Communications Limited
NSE: RCOM · Unclassified
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Instant answers about Reliance Communications Limited — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,593 | 4,015 | 1,685 | 760 | 556 | 479 | 383 | 314 |
| EBITDA | 808 | 381 | -216 | -17 | -62 | -19 | -11 | -188 |
| Operating margin | 17.6% | 9.5% | -12.8% | -2.2% | -11.2% | -4.0% | -2.9% | -59.9% |
| Interest | 186 | 192 | 62 | 48 | 47 | 47 | 47 | 44 |
| Depreciation | 721 | 820 | 354 | 154 | 151 | 136 | 127 | 111 |
| Profit before tax | -8 | 1,556 | -10,797 | -200 | -232 | -282 | -87 | -490 |
| Tax | 16 | 2,425 | 14 | 10 | -1 | -3 | 14 | 5 |
| Net profit | -23,839 | -7,206 | -42,671 | -5,791 | -6,620 | -14,499 | -7,212 | -11,125 |
| EPS ₹ | -92.29 | -26.26 | -155.49 | -21.10 | -24.12 | -52.83 | -26.28 | -40.54 |
| Operating cash flow | — | — | — | — | 119 | -64 | -39 | -14 |
| Capex | — | — | — | — | 35 | 1 | 0 | 0 |
| Dividend paid | — | — | — | — | 0 | 0 | 0 | 0 |
| Total assets | — | — | — | — | — | 36,768 | 36,554 | 36,338 |
| Equity | — | — | — | — | — | -74,891 | -82,130 | -1,02,565 |
Quarterly performance
last 33 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 949 | 1,006 | 977 | 1,070 | 962 | 865 | 302 | 261 | 257 | 212 | 197 | 174 | 177 | 149 | 136 | 146 | 125 | 125 | 123 | 120 | 111 | 100 | 97 | 94 | 92 | 97 | 88 | 87 | 83 | 87 | 63 | 81 | 74 |
| Operating profit | 132 | 134 | 102 | 146 | -1 | 59 | -66 | -62 | -147 | -31 | -18 | 23 | 9 | -31 | -6 | 5 | -30 | -24 | -29 | 3 | 31 | 9 | -20 | 2 | -2 | 14 | 2 | -31 | -2 | -54 | -32 | -101 | 20 |
| Operating margin | 13.9% | 13.3% | 10.4% | 13.6% | -0.1% | 6.8% | -21.9% | -23.8% | -57.2% | -14.6% | -9.1% | 13.2% | 5.1% | -20.8% | -4.4% | 3.4% | -24.0% | -19.2% | -23.6% | 2.5% | 27.9% | 9.0% | -20.6% | 2.1% | -2.2% | 14.4% | 2.3% | -35.6% | -2.4% | -62.1% | -50.8% | -124.7% | 27.0% |
| Other income | 27 | 2 | 37 | 13 | 127 | 1 | 3 | 2 | 43 | 3 | 2 | 0 | 14 | 5 | 12 | 3 | 8 | 4 | 8 | 2 | 12 | 12 | 40 | 8 | 12 | 7 | 6 | 7 | 8 | 7 | 9 | 8 | 8 |
| Interest | 32 | 50 | 51 | 52 | 39 | 47 | 1 | 8 | 6 | 12 | 11 | 13 | 12 | 12 | 12 | 12 | 11 | 12 | 12 | 12 | 11 | 12 | 11 | 14 | 10 | 12 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Depreciation | 174 | 198 | 210 | 215 | 197 | 214 | 59 | 60 | 21 | 36 | 39 | 40 | 39 | 37 | 39 | 37 | 38 | 37 | 34 | 33 | 32 | 32 | 34 | 31 | 30 | 30 | 28 | 28 | 29 | 28 | 29 | 26 | 26 |
| Profit before tax | -47 | -112 | 2,270 | -108 | -494 | -201 | -1,373 | -9,092 | -131 | -76 | -66 | -30 | -28 | -75 | -45 | -41 | -71 | -69 | -67 | -146 | 0 | -19 | -3 | -35 | -30 | -21 | -29 | -56 | -34 | -85 | -63 | -309 | 459 |
| Tax | 33 | -1 | 966 | -4 | 1,464 | 5 | 2 | 5 | 2 | 5 | 4 | 4 | -3 | 1 | 2 | 4 | -8 | 0 | 0 | 0 | -3 | 0 | 6 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 6 | -1 | 2 |
| Net profit | -19,776 | -342 | 1,141 | -238 | -7,767 | -366 | -30,158 | -10,598 | -1,549 | -1,409 | -1,420 | -1,446 | -1,518 | -1,607 | -1,624 | -1,689 | -1,700 | -1,765 | -1,838 | -9,014 | -1,882 | -1,965 | -1,060 | -2,060 | -2,127 | -2,220 | -2,286 | -2,379 | -2,560 | -2,701 | -2,767 | -3,097 | -809 |
| EPS ₹ | -71.51 | -1.25 | 4.16 | -0.87 | -28.31 | -1.33 | -109.90 | -38.61 | -5.65 | -5.13 | -5.18 | -5.27 | -5.53 | -5.86 | -5.92 | -6.16 | -6.20 | -6.43 | -6.70 | -32.84 | -6.86 | -7.16 | -3.86 | -7.51 | -7.75 | -8.09 | -8.33 | -8.67 | -9.32 | -9.84 | -10.08 | -11.29 | -1.16 |
| Revenue YoY | — | — | — | — | 1.4% | -14.0% | -69.1% | -75.6% | -73.3% | -75.5% | -34.8% | -33.3% | -31.1% | -29.7% | -31.0% | -16.1% | -29.4% | -16.1% | -9.6% | -17.8% | -11.2% | -20.0% | -21.1% | -21.7% | -17.1% | -3.0% | -9.3% | -7.4% | -14.4% | -1.1% | -27.6% | — | -10.8% |
| Profit YoY | — | — | — | — | — | — | -2743.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Earlier results (standalone, Sep '07 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginReliance Communications Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | |
|---|---|---|---|---|---|---|---|
| Revenue | 13,611 | 11,111 | 11,267 | 11,176 | 10,801 | 9,974 | 8,823 |
| Operating profit | 4,337 | 2,409 | 2,728 | 1,817 | 1,656 | 2,107 | 195 |
| Operating margin | 31.9% | 21.7% | 24.2% | 16.3% | 15.3% | 21.1% | 2.2% |
| Other income | 84 | 289 | 1,553 | 1,269 | 335 | 321 | 331 |
| Interest | 1,502 | 801 | 1,976 | 1,910 | 1,680 | 2,033 | 2,409 |
| Depreciation | 2,367 | 1,741 | 1,681 | 2,048 | 1,940 | 2,019 | 1,972 |
| Profit before tax | 2,365 | 156 | 624 | -758 | 1,340 | -1,624 | -3,855 |
| Tax | 12 | 0 | 0 | -1,488 | 1,494 | 0 | -2,059 |
| Net profit | 2,353 | 156 | 624 | 730 | -154 | -1,624 | -1,796 |
Quarters
| SEP '07† | DEC '07† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | JUN '10† | SEP '10† | DEC '10† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,328 | 3,404 | 3,558 | 3,546 | 3,334 | 3,173 | 3,032 | 3,058 | 3,108 | 3,178 | 3,082 | 2,977 | 2,835 | 2,843 | 2,788 | 2,645 | 2,616 | 2,755 | 3,016 | 2,880 | 2,820 | 2,868 | 2,785 | 2,703 | 2,671 | 2,649 | 2,814 | 2,667 | 2,495 | 2,433 | 2,447 | 2,599 | 2,482 | 2,212 | 2,185 | 1,944 | 1,643 | 1,275 | 497 |
| Operating profit | 1,300 | 1,060 | 1,190 | 1,184 | 867 | 1,096 | 250 | 375 | 45 | 118 | -3 | -149 | 292 | 321 | 266 | 1,530 | 533 | 671 | 850 | 674 | 670 | 581 | 322 | 244 | 240 | 172 | 121 | 1,123 | 319 | 281 | 196 | 1,311 | 3 | 45 | -10 | 157 | -362 | -630 | 95 |
| Operating margin | 39.1% | 31.1% | 33.5% | 33.4% | 26.0% | 34.5% | 8.2% | 12.3% | 1.5% | 3.7% | -0.1% | -5.0% | 10.3% | 11.3% | 9.5% | 57.8% | 20.4% | 24.4% | 28.2% | 23.4% | 23.8% | 20.3% | 11.6% | 9.0% | 9.0% | 6.5% | 4.3% | 42.1% | 12.8% | 11.5% | 8.0% | 50.4% | 0.1% | 2.0% | -0.5% | 8.1% | -22.0% | -49.4% | 19.1% |
| Other income | 1 | 7 | 1 | 2 | 65 | 17 | 165 | 3 | 1 | 8 | 8 | 119 | 19 | 8 | 67 | 195 | 178 | 304 | 278 | 793 | 161 | 604 | 201 | 303 | 149 | 200 | 171 | -185 | 83 | 71 | 79 | 88 | 110 | 74 | 73 | 74 | 64 | 124 | — |
| Interest | 30 | 136 | 249 | 119 | 570 | 564 | 571 | 343 | 343 | 211 | 111 | 62 | 211 | 37 | 138 | 415 | 475 | 486 | 496 | 519 | 573 | 599 | 681 | 57 | 455 | 441 | 402 | 382 | 472 | 566 | 526 | 469 | 630 | 593 | 605 | 581 | 709 | 790 | — |
| Depreciation | 468 | 493 | 529 | 528 | 618 | 692 | 556 | 213 | 392 | 406 | 371 | 396 | 372 | 391 | 472 | 506 | 488 | 480 | 522 | 191 | 486 | 505 | 536 | 521 | 470 | 502 | 476 | 492 | 481 | 491 | 518 | 529 | 337 | 408 | 645 | 582 | 566 | 581 | 46 |
| Profit before tax | 803 | 439 | 349 | 474 | 401 | 1,141 | 430 | -178 | -28 | -491 | -476 | -365 | -272 | -99 | -277 | 804 | -252 | 9 | 110 | 757 | -228 | 81 | -694 | 83 | -536 | -571 | -586 | 3,033 | -551 | -705 | -769 | 401 | -854 | -882 | -1,187 | -932 | -1,573 | -1,877 | 49 |
| Tax | 2 | 2 | 2 | 5 | 4 | 2 | 60 | -60 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,488 | 0 | 0 | -1 | 1,495 | 0 | 0 | 0 | 0 | -295 | -18 | -908 | -838 | -610 | 0 | 193 |
| Net profit | 801 | 436 | 347 | 469 | 397 | 1,140 | 370 | -118 | -38 | -491 | -476 | -365 | -272 | -99 | -277 | 804 | -252 | 9 | 110 | 757 | -228 | 81 | -694 | 1,571 | -536 | -571 | -585 | 1,538 | -551 | -705 | -769 | 401 | -559 | -864 | -279 | -94 | -963 | -1,877 | -144 |
| EPS ₹ | 3.92 | 2.12 | 1.68 | 2.27 | 1.92 | 5.52 | 1.55 | -0.57 | -0.18 | -2.38 | -2.31 | -1.77 | -1.32 | -0.47 | -1.34 | 3.90 | -1.22 | 0.05 | 0.53 | 3.67 | -1.11 | 0.39 | -3.36 | 7.61 | -2.60 | -2.38 | -2.44 | 6.23 | -2.21 | -2.83 | -3.09 | 1.61 | -2.25 | -3.47 | -1.13 | -0.38 | -3.90 | -7.61 | -0.55 |
| Revenue YoY | — | — | — | 6.5% | -2.0% | — | -14.8% | -13.8% | -6.8% | 4.8% | 0.8% | -4.2% | -10.8% | -7.7% | -6.3% | — | -7.7% | -3.1% | 8.2% | 8.9% | 7.8% | 4.1% | -7.7% | -6.1% | -5.3% | -7.6% | 1.0% | -1.3% | -6.6% | -8.2% | -13.0% | -2.5% | -0.5% | -9.1% | -10.7% | -25.2% | -33.8% | -42.4% | -77.3% |
| Profit YoY | — | — | — | -41.5% | -9.0% | — | 6.5% | -125.1% | -109.5% | -232.7% | — | — | — | — | — | — | — | — | — | -5.8% | — | 800.0% | -730.9% | 107.5% | — | -804.9% | — | -2.1% | — | — | — | -73.9% | — | — | — | -123.4% | — | — | — |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | -480.1% | -179.5% | -186.6% | -1204.4% | -2045.6% | -2532.4% | -4235.9% | -1615.5% | -693.3% | -762.2% | -859.5% | -974.1% | -1058.9% | -1190.6% | -1274.1% | -1347.2% | -2904.1% | -3026.9% | -3237.7% | -3252.6% | -1733.1% | -1883.0% | -1965.0% | -2343.1% | -2475.8% | -3543.0% | -3073.4% |
| EBITDA margin | 12.8% | 9.5% | 7.9% | 4.3% | -2.9% | -12.8% | -29.7% | -27.8% | -20.6% | -2.2% | -2.4% | -0.8% | -3.8% | -11.2% | -10.3% | -15.0% | -16.2% | -4.0% | 3.1% | 5.4% | 5.5% | -2.9% | -1.6% | 4.3% | -4.7% | -60.2% | -54.8% |
| Interest coverage | 11.83 | 9.10 | 8.76 | -14.65 | -116.47 | -173.15 | -394.26 | -252.11 | -6.21 | -3.17 | -3.15 | -2.63 | -2.94 | -3.94 | -3.81 | -4.28 | -6.51 | -5.00 | -3.94 | -2.65 | -0.20 | -0.86 | -0.90 | -1.46 | -2.09 | -10.16 | 1.05 |
| Asset turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|
| Share capital | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 | 1,383 |
| Other equity / reserves | -65,449 | -76,274 | -79,325 | -83,513 | -88,015 | -98,117 | -1,03,948 |
| Total equity | -64,066 | -74,891 | -77,942 | -82,130 | -86,632 | -96,734 | -1,02,565 |
| Borrowings | 45,572 | 47,261 | 47,237 | 47,231 | 47,328 | 47,211 | 47,212 |
| Current liabilities | 1,00,823 | 1,01,457 | 1,03,881 | 1,07,576 | 1,11,563 | 1,20,463 | 1,25,721 |
| Non-current liabilities | 1,646 | 795 | 791 | 786 | 779 | 762 | 746 |
| Total assets | 47,679 | 36,768 | 36,581 | 36,554 | 36,536 | 36,376 | 36,338 |
| Property, plant & equipment | 1,906 | 1,630 | 1,531 | 1,468 | 1,409 | 1,296 | 1,241 |
| Capital work-in-progress | 157 | 69 | 64 | 64 | 64 | 53 | 53 |
| Investments | 53 | 56 | 35 | 35 | 35 | 37 | 40 |
| Inventories | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Receivables | 392 | 288 | 281 | 311 | 294 | 303 | 308 |
| Cash & equivalents | 532 | 218 | 307 | 205 | 255 | 164 | 174 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|
| Cash from operations | 119 | -64 | -39 | -14 |
| Cash from investing | -298 | 8 | 65 | 47 |
| Cash from financing | -51 | -205 | -39 | -53 |
| Capex | 35 | 1 | 0 | 0 |
| Free cash flow | 84 | -65 | -39 | -14 |
| Dividends paid | 0 | 0 | 0 | 0 |
Where the assets sit
Mar '26 · ₹ crorePeer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| Reliance Communications Limited | 579 | 0.83 | — | — | — |
StoxGud checklist: Bearish setup · 1/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
FAQs
What is the share price of Reliance Communications Limited?
Reliance Communications Limited (RCOM) closed at ₹0.83 on NSE on 06 Nov 2026.
What is the market cap of Reliance Communications Limited?
₹579 crore at the latest close.
How fast is Reliance Communications Limited growing?
Reliance Communications Limited: revenue has compounded at -17.3% a year over three years. Latest-quarter revenue is down 10.8% year on year.
How profitable is Reliance Communications Limited?
On a trailing-twelve-month basis operating margin -54.8%, net margin -3,073.4%.
How much debt does Reliance Communications Limited have?
Debt to equity isn't meaningful for Reliance Communications Limited (banks borrow as part of their business) or isn't filed yet.
Financials parsed from Reliance Communications Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.