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In the period under review, the company’s revenue from services increased by around three per cent to Rs 10,506.5 crore, compared to Rs 10,228.9 crore in January-March 2022.
Debt-plagued telecommunications company Vodafone Idea Ltd (VIL) consolidated net loss for the January-March quarter fell to Rs 6,418.9 crore. VIL said in a communication sent to stock exchanges on Thursday that it had incurred a loss of Rs 6,563.1 crore in the same period a year ago. In the period under review, the company’s revenue from services increased by around three per cent to Rs 10,506.5 crore, compared with Rs 10,228.9 crore in Jan-March 2022. However, the loss Vodafone Idea’s increased to Rs 29,297.6 crore in the full financial year 2022-23, while its loss in the financial year 2021-22 was Rs 28,234.1 crore.
For the first time since the merger of Vodafone and Idea, the company’s service revenues have also increased. VIL’s revenue grew by 9.4 per cent to Rs 42,133.9 crore in the ending financial year. The company’s total gross debt was reduced to Rs 2.09 lakh crore as of March 31, compared to Rs 2.23 lakh crore at the end of the December 2022 quarter.
Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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