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Vodafone Idea fell 2.39% to Rs 12.24 after the company reported a consolidated net loss of Rs 4532.10 crore in Q3 FY21 compared with net loss of Rs 6438.80 crore in Q3 FY20.
Net sales during the quarter fell by 1.7% year-on-year (YoY) to Rs 10,891.60 crore. The company recorded a net gain of Rs 1696.5 crore during the quarter on sale of stake in Indus Towers.
The company recorded a pre-tax loss of Rs 4532.40 crore in Q3 December 2020 compared with pre-tax loss of Rs 6421.40 crore in Q3 December 2019. It incurred a current tax expense of Rs 0.20 crore during the quarter.
On a sequential basis, the company s net loss has narrowed down significantly in Q3 FY21 from Rs 7218.20 crore in Q2 FY21. Revenue for the quarter improved by 1% from Rs 10,788.20 crore in the second quarter, supported by higher 4G additions. ....

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