Vodafone Idea net worth down 70%, Bharti Airtel hurt but still in the game

The record losses posted by Bharti Airtel and Vodafone Idea and the resulting erosion in their net worth have led to an immediate rise in the leverage ratio of these two operators. While Vodafone Idea has taken the maximum hit, Bharti Airtel has escaped with a minor deterioration in its balance sheet ratios. 

Vodafone Idea’s net debt to equity ratio has jumped to a record level of 4.5x at the end of September this year, as against 1.24x at the end of June and 1.8x at March-end. This makes Vodafone Idea one of the most indebted firms in the country comparable