Reliance Communications Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,200 million compared to INR 1,460 million a year ago. Revenue was INR 1,220 million compared to INR 1,490 million a year ago. Net loss was INR 90,140 million compared to INR 16,890 million a year ago. Basic earnings per share from continuing operations was INR 0.53 compared to basic loss per share from continuing operations of INR 0.17 a year ago. Basic loss per share was INR 32.84 compared to INR 6.16 a year ago.
For the nine months, sales was INR 3,680 million compared to INR 4,310 million a year ago. Revenue was INR 3,820 million compared to INR 4,510 million a year ago. Net loss was INR 126,170 million compared to INR 49,200 million a year ago. Basic earnings per share from continuing operations was INR 1.02 compared to basic loss per share from continuing operations of INR 0.62 a year ago. Basic loss per share was INR 45.98 compared to INR 17.93 a year ago.