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Vodafone Idea loss at Rs 4,881.9 crore in Q4

Press Trust of India  |  New Delhi 

India's largest telecom operator Vodafone Idea Ltd Monday posted consolidated loss of Rs 4,881.9 crore for the fourth quarter ended March 31, amid a brutal tariff war in India's mobile market.

Seen sequentially, the loss has narrowed from Rs 5,004.6 crore during the third quarter of 2018-19.

The books of Vodafone Idea recorded a comprehensive loss of Rs 962.2 crore in the corresponding quarter a year ago, but the year-on-year figure is not comparable as the merger between India unit of Vodafone Group and Idea Cellular was completed on August 31, 2018.

For Vodafone Idea -- whose financials has been battered by intense price competition posed by the richest Indian Mukesh Ambani's Reliance Jio -- the revenue from operations for March quarter of 2018-19 came in at Rs 11,775 crore, almost flat compared to Rs 11,764.8 crore logged in the previous December quarter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 19:16 IST
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