Reliance Communications Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Reliance Communications Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company is under Corporate Insolvency Resolution Process (CIRP) since May 2018, managed by Resolution Professional Anish Nanavaty. Total income was Rs. 58 crore for Q4 and Rs. 230 crore for FY26 (vs Rs. 278 crore in FY25), showing revenue decline. The company reported net loss of Rs. 321 crore for Q4 and Rs. 530 crore for FY26 from continuing operations, with total comprehensive loss of Rs. 9,688 crore. Net worth is severely negative at Rs. (78,892) crore. The statutory auditor Pathak H.D. & Associates LLP issued a Qualified Opinion citing multiple non-compliance issues including non-provision of interest on borrowings (Rs. 5,600 crore for the year, Rs. 33,478 crore cumulative), non-recognition of foreign exchange variations, and non-determination of fair value of assets held for sale. The auditor highlighted material uncertainty about going concern. The Board recommended appointment of E.A. Patil & Associates LLP as new statutory auditors for 5 years, replacing the existing firm upon completion of their term.
The stock faces extreme risk given the ongoing CIRP since 2018, negative net worth of Rs. 78,892 crore, qualified audit opinion, and regulatory investigations by ED, CBI, and SFIO. Shareholders face potential total loss as the resolution plan remains pending before NCLT/NCLAT.