Voda Idea dips 5% as loss grows to Rs 11,742 cr; here’s what brokerages say

Shares of Vodafone Idea dipped as much as 4.9 per cent on the BSE on Wednesday after the company posted a loss of Rs 11,643.5 crore in Q4FY20 due to one-off expenses.

However, on the revenue front, the company reported flat growth on a year on year basis. On a sequential basis, revenue rose 6 per cent to Rs 11,754 crore due to tariff hike. The company’s subscriber base declined to 291 million in fourth quarter from 304 million in the previous quarter while average revenue per user improved to Rs 121 from Rs 109 in the same period.

The telecom company, which is estimated to have AGR-related dues of more than Rs 46,000 crore, said that its ability to continue as a going concern depends on the Supreme Court giving it a favourable verdict in the adjusted gross revenue (AGR) matter.