With the delay in capital raise, Vodafone Idea s situation has considerably worsened and government intervention will be required to sustain the market structure, said Edelweiss Securities.
India Business News: Shares of India's Vodafone Idea tumbled as much as 24% on Thursday, a day after the troubled telecom operator's board accepted billionaire-industriali
Vodafone Idea share falls 5% post Q3 earnings
The stock price of Vodafone Idea has risen 2.39% in one week, 12% since the beginning of the year and 248% in one year. However, it has fallen 11.9% in one month
BusinessToday.In | February 15, 2021 | Updated 17:38 IST
This was also the 10th quarterly loss reported after the net loss of Rs 7,218 crore during the September quarter
Shares of debt-ridden Vodafone Idea Ltd (Vi) were trading 5% lower in Monday s session after the telecom major reported a narrowing of its consolidated loss to Rs 4,532.1 crore in the third quarter ended on December 31, 2020. The company had posted a loss of Rs 6,438.8 crore in the same quarter a year ago.
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.