Reliance Communications Ltd posts consolidated net loss of Rs125cr in Q2FY19 vs. net profit of Rs21cr in Q2FY18

The company’s consolidated revenue stood at Rs977cr, down 36.5% yoy and 2.2% qoq.

Nov 03, 2018 09:11 IST India Infoline Research Team

Reliance Communications Ltd Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 QoQ (%)
Revenue 977 [2.9]
EBITDA 139 2.2
EBITDA Margin (%) 14.2 [71]
Net Loss (adjusted) 125 NA
***EBITDA margin change is bps

Reliance Communications reported lower losses in Q2FY19 (on a sequential basis) due to Rs37cr in other income. Revenue de-grew by 2.9% qoq to Rs977cr. EBITDA stood at Rs139cr, up 2.2% qoq. EBIDTA margin fell by 71bps qoq to 14.2%. Adjusted Net Loss stood at Rs125cr for Q2FY19, against a loss of Rs110cr in Q1FY19.
  • Segmental revenue for Q2FY19 stood at:
    • Indian operations – Rs436cr, down 9.5% qoq
    • Global operations – Rs661cr, up 4.9% qoq
  • Segmental EBIT for Q2FY19 stood at:
    • Indian operations (loss) – Rs41cr, against a loss of Rs37cr in Q1FY19
    • Global operations (loss) – Rs30cr, against a loss of Rs25cr in Q1FY19
  • EBITDA for continuing businesses stood at Rs139cr for Q2YF19, up 2.2% qoq
  • The management has guided that they expect the debt resolution process to close in the current fiscal year.

Technical View:

Reliance Communications Ltd ended at Rs. 14.11, up by 0.06 points or 0.43% from its previous closing of Rs. 14.05 on the BSE.
The scrip opened at Rs. 14.40 and touched a high and low of Rs. 15.20 and Rs. 13.89 respectively. A total of 12,84,52,443 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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