Vodafone Idea posts Q3 loss of ₹5005 crore

Vodafone, Idea,

Vodafone Idea said the quarterly numbers were not comparable on account of the merger last year (Mint)

Source: Livemint

Bengaluru: Vodafone Idea Ltd reported a loss on Wednesday, in its second quarterly results since Vodafone Plc merged its Indian operations with Idea Cellular in August last year.

The loss after tax was ₹5,005 crore ($699.49 million) in the quarter ended 31 December, the company said in a statement.

That was above analysts’ estimates of a loss of ₹5,256 crore, according to Refinitiv Eikon data.

Revenue from operations was ₹11,765 crore.

The company said the quarterly numbers were not comparable on account of the merger last year.

 



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2 replies

  1. Worst network provider available in market is Vodafone

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