One 97 Communications soars despite reporting consolidated net loss of Rs 645 crore in Q1

One 97 Communications is currently trading at Rs. 833.45, up by 49.80 points or 6.35% from its previous closing of Rs. 783.65 on the BSE.

The scrip opened at Rs. 783.65 and has touched a high and low of Rs. 838.00 and Rs. 778.00 respectively. So far 483525 shares were traded on the counter.

One97 Communications
One97 Communications

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1961.05 on 18-Nov-2021 and a 52 week low of Rs. 511.00 on 12-May-2022.

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Last one week high and low of the scrip stood at Rs. 838.00 and Rs. 706.65 respectively. The current market cap of the company is Rs. 54041.63 crore.

The Institutions and Non-Institutions holding in the company stood at 6.60% and 93.40% respectively.

One 97 Communications has reported net loss of Rs 628 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 395 crore for the same quarter in the previous year. However, total income of the company increased by 49.75% at Rs 1,346.70 crore for Q1FY23 as compared Rs 899.30 crore for the corresponding quarter previous year.

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On the consolidated basis, the company has reported net loss of Rs 645.40 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 381.90 crore for the same quarter in the previous year. However, total income of the company increased by 87.93% at Rs 1,781.60 crore for Q1FY23 as compared Rs 948 crore for the corresponding quarter previous year.