AGR impact: Voda Idea posts biggest quarterly loss in India Inc history

AGR liability leads to pre-tax loss of Rs 36,959 crore

Vodafone Idea reported a massive pre-tax loss of Rs 36,959 crore for the July-September quarter after it provided for payments related to adjusted gross revenues, or AGR. The company took a hit of Rs 30,774 crore (including AGR) for the quarter. This led to a  loss of Rs 50,922 crore at the net level, the highest-ever for an Indian company. The company had posted a loss of Rs 4,974 crore in the year-ago quarter while the loss in the June quarter was Rs 4,874 crore. 

Giving a break-up of the liabilities on account of AGR, the company provisioned for Rs 27,610