Voda Idea losses widen to Rs 6,438.8 cr in Dec quarter

Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in October-December 2019 against Rs 5,004.6 crore in the year-ago period as the AGR dues-hit telco reeled under the impact of increased finance costs and higher depreciation of assets.

Its total income fell by 5 per cent to Rs 11,380.5 crore in the third quarter of 2019-20 from Rs 11,982.8 cr in the year-ago quarter, according to a regulatory filing.

Finance costs of the company surged almost 30 per cent to Rs 3,722.2 crore, while depreciation went up by 23 per cent to Rs 5,877.4 crore.