Vodafone Idea Q3 result: Telecom operator reports Rs 5,005 crore loss
That was above analysts` estimates of a loss of 52.56 billion rupees, according to Refinitiv Eikon data.
Vodafone Idea Ltd reported a loss on Wednesday, in its second quarterly results since Vodafone Plc merged its Indian operations with Idea Cellular in August last year.
The loss after tax was 50.05 billion rupees ($699.49 million) in the quarter ended Dec. 31, the company said in a statement.
That was above analysts` estimates of a loss of 52.56 billion rupees, according to Refinitiv Eikon data.
Watch This Zee Business Video
Revenue from operations was 117.65 billion rupees.
The company said the quarterly numbers were not comparable on account of the merger last year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
05:46 PM IST