Friday, February 14, 2020

Voda-Idea loss increases

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Vodafone Idea has reported a consolidated loss of Rs 6,439 crore for the December quarter as compared with a Rs 5,005-crore loss in the same period in 2018-19.
 Analyst  had pegged the loss at Rs 4,000 crore, after being in the red by a record Rs 50,922 crore in the September quarter. Exceptional expenses in the quarter were  at Rs 633 crore, largely on account of integration and merger-related costs.
The stock closed flat at Rs 4.5 in yesterday's trading.

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