Vodafone Idea Q3 Loss Widens To Rs 7,231 Crore
NDTV
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the year-ago period for Vodafone Idea
Financially stressed telecom company Vodafone Idea Limited (VIL) reported a consolidated loss of Rs 7,230.9 crore during the October-December 2021 quarter of the current fiscal.
The loss margin has widened as the company had recorded a loss of Rs 4,532.1 crore during the corresponding period of last year.
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the year-ago period.
"We are pleased to announce second consecutive quarter of revenue growth driven by several tariff interventions taken in the last few months. While the overall subscriber base has declined as a result of the tariff interventions, the 4G subscriber base remained resilient on the back of superior data and voice experience offered by Vi GIGAnet," VIL MD and CEO Ravinder Takkar said in a statement.
