09 Dec 2019 | 6:17 AM

News

COMPANYNEWS
Vodafone Idea L posts Q2 net loss of Rs 49727.40 cr
  Vodafone Idea Ltd. | 06 Dec 2019 | 03:53 PM
Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 49727.40 crore as compared to net loss of Rs 5006.50 crore in the previous year quarter.


Net revenue of the company rose substantially by 41.76 per cent at Rs 10804.50 crore in July-September quarter of this fiscal as against Rs 7621.90 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 4.25 per cent to Rs 7499.00 crore from Rs 7193.30 crore in year ago period.


Other Income grew by 61.00 per cent at Rs 316.20 crore versus (Sep`18 Rs 196.40 crore).


Operating Profit surged by 641.98 per cent to Rs 3305.50 crore as against Rs 445.50 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 423.80 per cent in September quarter.


Interest grew by 68.85 per cent y-o-y to Rs 3650.80 crore while Taxation increased by 19944.36 per cent at Rs 12660.70 crore (Sep`18 Rs -63.80 crore).