Stocks

Will better results help RCom?

K.S. Badri Narayanan | Updated on November 15, 2017

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The stock of Anil Ambani-controlled Reliance Communications will see positive action after the company reported better-than expected financial performance. RCom reported a 98-per cent jump in the fourth quarter net profit at Rs 332 crore compared with Rs 168 crore in the year-ago period. This is its first profit rise in 11 quarters. On sequential basis, it was up 78 per cent from Rs 186 crore in October-December quarter last fiscal. However, for the year ended March 31, 2012, the telecom service provider reported a 31 per cent drop in net profit at Rs 928 crore compared with Rs 1,345 crore in the year-ago period.

Published on May 27, 2012

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