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Vodafone Idea Q1 loss widens to Rs 25,460 crore
NEW DELHI: Telecom operator Vodafone Idea on Thursday posted a massive Rs 25,460 crore loss for the first quarter ended June 2020 due to provisions for statutory dues. The company had reported a loss of Rs 4,874 crore in the same period last year.
In a regulatory filing, the debt-laden telecom company said it recognised an additional charge of Rs 19,440.5 crore in June quarter towards AGR (adjusted gross revenue) liabilities.
The company’s revenue from operations also declined 5.4 per cent to Rs 10,659 crore in Q1 from Rs 11,269 posted in the same quarter last fiscal.
Shares of Vodafone Idea closed 0.72 per cent lower at Rs 8.25 on the BSE, while it settled flat at Rs 8.30 on the NSE.
In a regulatory filing, the debt-laden telecom company said it recognised an additional charge of Rs 19,440.5 crore in June quarter towards AGR (adjusted gross revenue) liabilities.
The company’s revenue from operations also declined 5.4 per cent to Rs 10,659 crore in Q1 from Rs 11,269 posted in the same quarter last fiscal.
Shares of Vodafone Idea closed 0.72 per cent lower at Rs 8.25 on the BSE, while it settled flat at Rs 8.30 on the NSE.
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