20 Jan 2024

One 97 Communications gains as its consolidated net loss narrows to Rs 222 crore in Q3

One97 Communications is currently trading at Rs. 783.10, up by 9.20 points or 1.19% from its previous closing of Rs. 773.90 on the BSE.

The scrip opened at Rs. 789.50 and has touched a high and low of Rs. 797.70 and Rs. 777.65 respectively. So far 369025 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 998.30 on 20-Oct-2023 and a 52 week low of Rs. 502.65 on 30-Jan-2023.

Last one week high and low of the scrip stood at Rs. 788.65 and Rs. 684.00 respectively. The current market cap of the company is Rs. 50152.30 crore.

The Institutions and Non-Institutions held 69.78% and 30.21% stake respectively, in the company.

One 97 Communications has reported net loss at Rs 253.60 crore for the quarter ended December 31, 2023 as compared to net loss of Rs 435.70 crore for the same quarter in the previous year. However, total income of the company increased by 37.74% at Rs 2278.50 crore for Q3FY24 as compared Rs 1654.20 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported net loss at Rs 221.70 crore for Q3FY24 as compared to net loss of Rs 392.10 crore for the same quarter in the previous year. However, total income of the company increased by 40.13% at Rs 2999.10 crore for Q3FY24 as compared Rs 2140.20 crore for corresponding quarter of the previous year.