Reliance Communications

Quick check

The five things to look at first. Open one for more.

• DebtOwes more than it ownsIt owes ₹47,212 Cr and its net worth is negative (Mar 2026): losses have used up all of the shareholders' money.
• ResultsLoss-makingLost ₹809 Cr in the Jun 2026 quarter, a smaller loss than a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 0.8% of the company, about the same as in Mar 2025.

Reliance Communications against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)1.1 against a typical 33.9: cheaper than most peers (1st = cheapest).2nd of 8
• Sales growth−10.8% against a typical +8.4% from a year earlier.9th of 9
• Share price, 3 months+2.4% against a typical −1.4%.2nd of 8
• Size₹ 215.7 Cr. market value against a typical ₹ 7,484.4 Cr. (1st = largest).7th of 9

Exchange filings and their impact on the company.

• 6 Oct 2026Action(s) initiated or orders passedHigh impactVery negativePrice −1.2% on 7 Oct
  DoT cancelled all of RCom's auctioned spectrum with immediate effect, gutting its resolution plan.

  On 5 October 2026, the Department of Telecommunications terminated with immediate effect all telecom spectrum allotted to Reliance Communications and its wholly-owned Reliance Telecom from auctions in 2010, 2013, 2014, 2015 and 2016, citing violations of auction conditions, unpaid spectrum instalments, spectrum usage charges and roll-out obligations. It ordered both companies to cease all wireless networks and services using that spectrum. The company said the action hits its insolvency resolution plans, which count on selling spectrum use-rights as a key asset, with further financial impact under review.

  Full analysisFiling
• 6 Oct 2026Defaults on Payment of Interest/PrincipalHigh impactVery negativePrice +1.2% that day
  RCOM confirms Rs 27,673 crore loans fully in default with Rs 41,309 crore total debt as insolvency continues.

  Reliance Communications disclosed that as of September 30, 2026, its entire Rs 27,673 crore of bank loans was in default, with total financial indebtedness of Rs 41,309 crore. The company noted it has been under insolvency resolution since June 2019 and all lender claims are treated as in default. It also disclosed Rs 41,309 crore of loan interest and Rs 3,974 crore of NCD interest not provided in accounts, underscoring negligible recovery prospects for shareholders.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Srinivasan Gopalan

Chief Financial Officer

Rakesh Gupta

Compliance Officer, Company Secretary