Vodafone Idea posts Rs 6,439-cr Dec-quarter loss; subscriber base falls 21%

Posts sixth straight quarterly loss in Q3

Vodafone Idea
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Ram Prasad Sahu Mumbai
Vodafone Idea reported a consolidated loss of Rs 6,439 crore for the December quarter as compared with a Rs 5,005-crore loss in the same period in 2018-19.
 
This is higher than analyst estimates, which had pegged the loss at Rs 4,000 crore, after being in the red by a record Rs 50,922 crore in the September quarter. Exceptional items in the quarter were valued at Rs 633 crore, largely on account of integration and merger-related costs.
 
While a large part of the liabilities on account of aggregate gross revenues (AGRs) was in the September quarter (just over Rs 30,000 crore), the company made a Rs 53-crore balance provision for those in the December quarter. The company posted revenues

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First Published: Feb 14 2020 | 1:27 AM IST

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