ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Vodafone Idea's loss in Q3 mounts to Rs 4,974 crore

Mumbai, Feb 6 (ANI) Vodafone Idea on Wednesday reported a loss of Rs 5,004 crore for the quarter ended December 2018.

ANI Feb 06, 2019 18:06 IST googleads

Vodafone Idea has been hit badly by entry of Reliance Jio

Mumbai, Feb 6 (ANI) Vodafone Idea on Wednesday reported a loss of Rs 5,004 crore for the quarter ended December 2018.
The company had posted a loss of Rs 4,974 crore in its previous quarter ended September 30.
Tax expenses of the merger entity shot up to Rs 1,999 crore during Q3 of fiscal 2018-19 over Rs 45.4 crore in the July-September period.
The company's board has approved a rights issue of up to Rs 25,000 crore, it informed stock exchanges.
Vodafone's average revenue per user rose to Rs 89 in Q3 of FY 19 from Rs 88 in Q2 of FY 19.
But gross debt stood at Rs 1.23 lakh crore, including deferred spectrum payment obligations due to the government of Rs 91,480 crore.
Cash and cash equivalents totalled Rs 8,900 crore, resulting in net debt of Rs 1.14 lakh crore.
Telecom industry financials have been adversely hurt after the entry of Reliance Jio and falling tariffs.
(ANI)

Get the App

What to Read Next

Business

Lexlegis to Showcase AI-Driven Legal-Tech Solutions at NVIDIA

Lexlegis to Showcase AI-Driven Legal-Tech Solutions at NVIDIA

Mumbai (Maharashtra) [India], March 12: Lexlegis, a pioneering legal-tech and AI-driven compliance solutions company, will participate in the prestigious NVIDIA GTC (GPU Technology Conference), scheduled to take place from March 16 to March 19, 2026, in San Jose. The company will exhibit its latest innovations at Booth #4054, engaging with global technology leaders, developers, and enterprises exploring the transformative power of artificial intelligence.

Read More
Business

Reliance Digital Introduces iQOO 15R to Nationwide Store Network

Reliance Digital Introduces iQOO 15R to Nationwide Store Network

Mumbai (Maharashtra) [India], March 12: Reliance Digital announces the offline retail availability of iQOO, the high-performance smartphone brand built for today's youth and tech-forward consumers. Following strong traction in online channels, iQOO is now extending its presence into physical retail, allowing customers to experience and purchase its devices first-hand at Reliance Digital stores across India.

Read More
Business

Elitecon International Q3 PAT Jumps 676% QoQ

Elitecon International Q3 PAT Jumps 676% QoQ

Mumbai (Maharashtra) [India], March 11: Elitecon International Limited (BSE: 539533), a diversified FMCG enterprise, reported strong financial performance for the quarter ended December 31, 2025, supported by robust growth across revenue and profitability, driven by expanding global trade operations, strategic acquisitions and strengthened FMCG capabilities.

Read More
Business

Steel Authority of India reports “best ever” sales in FY’26

Steel Authority of India reports “best ever” sales in FY’26

Steel Authority of India Limited (SAIL) recorded its highest-ever sales performance during the first 11 months of the current fiscal year, bolstered by a 14 per cent year-on-year (YoY) growth. According to the Ministry of Steel, SAIL achieved total sales of 18.24 million tonnes (MT) between April 2025 and February 2026. Alongside this volume growth, the company expanded its product portfolio through the reintroduction of chequered plates to meet specific market demands.

Read More
Business

Taking proactive steps to maximize LPG production: RIL

Taking proactive steps to maximize LPG production: RIL

Reliance Industries said on Tuesday that it is taking proactive steps in line with the Government guidelines to maximize LPG production from its refining and petrochemicals complexes at Jamnagar, the world's largest integrated refining hub.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.