Business Standard

Vodafone Idea reports quarterly loss

Image

Reuters

(Reuters) - Vodafone Idea Ltd reported a second-quarter loss on Wednesday, in its first quarterly result since Vodafone Plc merged its Indian operations with Idea Cellular in August.

Loss after tax was 49.74 billion rupees ($687.92 million) in the quarter ended Sept. 30, the company said in a statement.

Revenue from operations was 76.64 billion rupees. https://reut.rs/2QGyCX2

Second-quarter results include numbers for Idea Cellular up to Aug. 30 and Vodafone Idea from Aug. 31 to Sept. 30, and are not comparable to earlier periods, the company said.

($1 = 72.3050 Indian rupees)

(Reporting by Arnab Paul in Bengaluru; Editing by Sunil Nair and Shounak Dasgupta)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 14 2018 | 7:26 PM IST

Explore News