Reliance Communications Limited has informed the Exchange about General Updates regarding readable copy of Financial Results as on December 31, 2025
RCOM · price
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Awaiting price reaction for this filing.
Reliance Communications (RCOM) reported standalone total income of Rs 43 crore and a total comprehensive loss of Rs 2,401 crore for Q3 FY26 (nine-month loss of Rs 6,965 crore). The company has been under Corporate Insolvency Resolution Process (CIRP) since May 2018, with a Resolution Professional (RP) currently managing affairs after the NCLT admitted an insolvency petition. The auditor flagged severe qualifications: the company has not provided interest of Rs 3,906 crore (Rs 1,281 crore for Q3) and foreign exchange losses of Rs 888 crore (Rs 218 crore for Q3); had these been recognized, the nine-month loss would have been higher by Rs 4,794 crore and net worth lower by Rs 42,367 crore. Material uncertainty on going concern was highlighted due to continuous losses, defaults in loan repayments and statutory dues, and pending telecom license renewals. Multiple serious regulatory and legal issues were disclosed, including ED and CBI searches at company premises, SFIO notice, a forensic audit by BDO India LLP that found irregularities, and communications from banks classifying the company as a willful defaulter and fraud case. An unauthorized property sale worth USD 8.34 million by an erstwhile director of a subsidiary (Bonn Investment) was also flagged.
Highly negative for shareholders. The stock remains deeply distressed with the company in prolonged insolvency, massive unprovided liabilities (Rs 42,367 crore in net worth erosion if properly accounted), and multiple parallel regulatory/criminal investigations. Equity holders are unlikely to recover meaningful value unless a resolution plan is approved, which remains pending in NCLT/NCLAT.