Vodafone Idea Q1 loss widens to Rs 25,460 crore

NEW DELHI: Telecom operator Vodafone Idea on Thursday posted an enormous Rs 25,460 crore loss for the primary quarter ended June 2020 as a result of provisions for statutory dues. The firm had reported a lack of Rs 4,874 crore in the identical interval final 12 months.
In a regulatory submitting, the debt-laden telecom firm stated it recognised an extra cost of Rs 19,440.5 crore in June quarter in the direction of AGR (adjusted gross income) liabilities.
The firm’s income from operations additionally declined 5.Four per cent to Rs 10,659 crore in Q1 from Rs 11,269 posted in the identical quarter final fiscal.
Shares of Vodafone Idea closed 0.72 per cent decrease at Rs 8.25 on the BSE, whereas it settled flat at Rs 8.30 on the NSE.

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