Reliance Communications posts significant losses, remains in insolvency

RCOM reported a total income of ₹278 crore for the year ended March 31, 2025, with a gross profit/(loss) of ₹(56) crore before depreciation and exceptional items. The company incurred a net loss of ₹(162) crore from continuing operations and a significant net loss of ₹(7,963) crore from discontinued operations, resulting in a total comprehensive loss of ₹(8,125) crore. As of March 31, 2025, total assets stood at ₹39,067 crore, while total liabilities reached ₹108,166 crore, leading to a negative net worth of ₹(69,204) crore.

The company remains under a Corporate Insolvency Resolution Process (CIRP) initiated in May 2018. Key audit matters highlighted include the non-provision of ₹4,692 crore in interest on borrowings and ₹418 crore in foreign exchange loss for FY 2025, which would have further increased the reported loss and reduced net worth. Additionally, RCOM has defaulted on several spectrum installment payments, including ₹196 crore due on April 9, 2025, and various other statutory dues.

The 21st Annual General Meeting will be held on Tuesday, September 30, 2025, to adopt the audited standalone and consolidated financial statements. Shareholders will also vote on the re-appointment of Smt. Grace Thomas as director and the appointment of Smt. Priyanka Agarwal as an independent director, along with the appointment of secretarial auditors and ratification of the cost auditor’s remuneration.