Vodafone Idea reports Rs 5,005-crore loss for Oct-Dec quarter post merger

The loss after tax was Rs 5,005 crore in the quarter ended December 31, the company said in a statement. Revenue from operations was Rs 11,765 crore.

Telecom operator Vodafone Idea on Wednesday reported a consolidated loss of Rs 5,005.7 crore for the third quarter of 2018-19.

The books of Vodafone Idea recorded comprehensive loss of Rs 1,284.5 crore in the same quarter a year ago. However, the year-on-year figure is not comparable as the merger between Vodafone and Idea completed on August 31, 2018.

The loss, however, widened on a sequential quarter basis.

Total income of Vodafone Idea stood at Rs 11,982.8 crore during the reported quarter. The income increased by 52 per cent compared to Rs 7,878.6 crore in the previous July-September quarter.