Vodafone Idea Q3 results: Net loss at ₹4,532 crore, slight jump in revenue
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Revenue grew 1% quarter-on-quarter to ₹10,894 crore on the back of improved subscribers and higher 4G additions during Q3FY21
During December quarter, the average revenue per user (ARPU) rose to ₹121 from ₹109 in the September quarter
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Vodafone Idea on Saturday reported a consolidated net loss of ₹4,532.4 crore for the quarter ended on 31 December. The telecom giant posted net loss of ₹7,218.5 crore in the previous quarter. The quarterly losses narrowed on the back of a one-time gain of ₹2,118.9 crore, on account of the sale of its 11.5% stake Indus Towers to the merged Bharti Infratel-Indus Towers entity.
Vodafone Idea Q3 results: Loss narrows to Rs 4,532 crore, revenue down 2%
Vodafone Idea Q3 results: The company said its board has approved fund raising of Rs 25,000 crore by issuing a mix of equity and debt and that it is in active discussions with potential investors to raise capital
Chitranjan Kumar | February 13, 2021 | Updated 18:00 IST
Vodafone Idea posts net loss of Rs 4,532.4 crore in Q3 FY21
Telecom major Vodafone Idea (Vi) saw its consolidated loss narrowing to Rs 4,532.4 crore during the third quarter ended December 31, 2020. The company had posted a net loss of Rs 6,421.4 crore in the year ago period and Rs 7,218.5 crore during September quarter of this fiscal. During the quarter under review, the telco reported a one-time net gain of Rs 1,696.5 crore, which includes revenues from stake sale in Indus Towers.